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#EndSARS: Flutterwave denies that its Chairman ordered shutdown of its payment channel

Flutterwave has denied its Chairman ordered the suspension of its payment platform.

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Flutterwave Chairman says he ordered closure of firm’s payment platform

Flutterwave has denied that its Chairman, Tunde Lemo, allegedly ordered the suspension of the fintech firm’s payment platform to prevent the illicit flow of funds through the payment channel.

This rebuttal was contained in a public statement that was issued by Flutterwave, on Wednesday, October 14, 2020.

READ: IPPIS: FG considers adopting ASUU’s proposed payment platform

In the statement, Flutterwave said that contrary to the earlier report, the interview with their Chairman never took place and their payment platforms were up and running efficiently as usual.

The statement from Flutterwave reads:

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Our attention has been drawn to quotes by Thisday, Nairametrics and Arise TV which has been erroneously attributed to our Board Chairman, Tunde Lemo.

READ: New CBN circular targets Payment channels, FinTechs

READ: Paga acquires Ethiopian-based startup, Apposit, announces other subsidiaries

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“Contrary to these reports, this interview never happened. Our payment platforms are up and running efficiently, as usual. Merchant payouts and collections are running seamlessly. Our consumer product, Barter by Flutterwave, is also completely operational.”

The fintech firm stated that they were overwhelmed by the love and support Flutterwave had received over the last few days, even as they continued to simplify payments for endless possibilities for customers.

READ: Commercial Banks may lose customers to FinTech Firms – Moody

READ: Meet Tayo Oviosu, The face behind Paga, Nigeria’s largest mobile payment platform

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Nairametrics had earlier reported that Flutterwave’s Chairman, Tunde Lemo, allegedly revealed that he personally directed the suspension of the fintech firm’s payment platform.

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The report said that Lemo, who is a former Deputy Governor of the Central Bank of Nigeria, disclosed that the decision was taken to prevent the illicit flow of funds through the payment channel.

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Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

3 Comments

3 Comments

  1. Gracie

    October 15, 2020 at 8:35 am

    Thank you for debunking the false news you passed across yesterday, look they are categorizing the monies that are raised for peaceful protest as illicit, when snake was swallowing money, monkey stealing and several unusual looting of money was not termed illicit.
    We’re and the international bodies are watching as this unfolds.
    Thank you.

  2. Anonymous

    October 15, 2020 at 4:12 pm

    Keep contradicting yourself

  3. Anne

    October 15, 2020 at 7:29 pm

    What rubbish is this? I thought you guys were the real deal? What’s the truth now? Abi they threatened you too. CHike??

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#EndSARS: No excuse for that amount of brutality on unarmed civilians – Raila Odinga

Raila Odinga has said that there can be no excuse for the amount of brutality met on unarmed #EndSARS protesters in Nigeria.

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The Former Prime Minister of Kenya, Raila Odinga says there can be no excuse for the amount of brutality on unarmed #EndSARS protesters in Nigeria and urged the African Union and Nigerian government to investigate actors of state brutality.

Mr Odinga disclosed this in a statement on Thursday afternoon, he also passed his sincere condolences to the bereaved families and wished a speedy recovery to the injured.

The Police brutality and abuses that have gone on in Nigeria for the last couple of days, leading to multiple deaths and injuries of unarmed civilians are extremely worrying and unacceptable. There can be no excuse for that amount of brutality on unarmed civilians protesting misconduct on the part of the police,” Odinga said.

He added that the brutality that was meted out on the protesters is a reminder of “how precarious and threatened Africa’s march towards democratization, respect for rights and freedoms and the rule of law remains”.

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He urged that the continent needs to disembark from the politics of confrontation and violence and engage issues to resolve differences. He also called on the African Union and Nigerian Authorities to “investigate the violence and murders that have gone on and hold the perpetrators to account.”

Africa and its institutions must stand up for and condemn the brutalization of its citizens at home with the same energy and vigor it responds to the violations of its citizens abroad,” he said.

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#EndSARS: Tinubu says he has no investment in LCC, collects no dime from Lekki Tollgate

Bola Tinubu has denied having any investment in the Lekki Concession Company.

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Tinubu denies advising Buhari to print new naira notes

Former Lagos State Governor and National Leader of All Progressive Congress (APC), Bola Ahmed Tinubu, has denied having any kobo investment in the Lekki Concession Company (LCC), and as such has no dime in the funds generated at the Lekki Tollgate.

The rebuttal follows claims and allegations of his involvement in the shooting of unarmed protesters on Tuesday at the Lekki Tollgate. He was alleged to be livid from the losses made at the tollgate due to its shutdown by #EndSARS protesters; hence, the scheme to disperse protesters

READ: UK moves to seize $39 million from Ibori’s lawyer over role in former Governor’s case

Bola Tinubu debunked this rumor, in a telephone interview with Channels Television in the early hours of Wednesday.

In response to a question on his interest in the Lekki Tollgate, the APC leader said, “I have no dime, no kobo investment in the tollgate”.

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READ: Breaking: Some Nigerians mistook promptness of FG response as sign of weakness – Buhari

He also denied having any investment in the Lekki Concession Company (LCC), the firm which manages the tollgate.

Going further, he stated that he was reported to the President and initially accused of being behind the protests going on across the country; an allegation he has since denied. He refuted claims of giving the orders for the shooting of protesters at the Lekki Tollgate and questioned the logic behind the use of live arms on protesters who were unarmed.

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READ: #EndSARS: Governor Sanwo-Olu clarifies “forces beyond our direct control” comment

“I will never, never be part of any carnage. I will never be part of that.”

According to Tinubu, it was his intervention that that spurred Governor Babajide Sanwo-Olu to respond to the demands of the protesters.

READ: #EndSARS: Government should be given the chance to implement the demanded reforms – Tinubu

He said, “That was why he (Sanwo-Olu) set up the Judicial Commission of Inquiry. The governor has gone to the home of one of the victims to appeal to them. He has put N200m together as part of restitution and compensation for those attacked.”

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There has been reported vandalization of properties allegedly owned by the former Lagos State Governor, which was fuelled by rumors he had a hand in the shooting of peaceful protesters at the Lekki Toll Plaza.

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Hoodlums razed the Lekki Tollgate and there were also alleged attacks on Oriental hotel, Television Continental, amongst others.

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#EndSARS: Ikoyi Prison on fire, as Army foils jailbreak attempt

Ikoyi Correctional Centre in the Ikoyi area of Lagos is currently on fire.

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Some buildings on the premises of the Ikoyi Correctional Centre are currently on fire, as there was an alleged jailbreak attempt by inmates. The fire emanating from the facility and seen in a video posted by Arise TV led to speculations of a possible jailbreak.

Senator Tokunbo Ogunbajo confirmed the incident in a telephone interview with Arise TV. He disclosed that the cause of the fire outbreak is still unknown as security operatives and other personnel at the facility have done their best to curtail the inferno and restore order. 

He emphasized that soldiers and other security operatives have arrived at the correctional facility, and there is no record of any escaped inmate, neither was there an attack from hoodlums.

According to him, the gunshots heard by neighbors, were fired to bring order and stem down unrest amongst inmates, who might want to seize the situation to escape.  

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