Barely 24 hours after Flutterwave’s account was allegedly frozen by the Central Bank of Nigeria (CBN), the chairman of the fintech payment platform, Mr. Tunde Lemo, has reacted to the development.
Mr. Lemo was quoted by Thisday Newspaper as saying he personally directed the suspension of the fintech firm’s payment platform.
The company chairman is a former deputy governor of CBN and current chairman of the Federal Emergency Road Maintenance Agency (FERMA).
The former deputy governor of the central bank explained that he took the decision to prevent the illicit flow of funds through the payment channel.
Recall that a total of N16,706,635.9 had been donated into the account, according to a post on Flutterwaves’ official Twitter handle. This includes donations in foreign currencies.
According to him, “I was the one that instructed them to shut down their system yesterday when the bad guys were moving money through them.”
For further clarification, Techeconomy.ng has formally reached out to the fintech payment company and the platform is yet to respond.