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:
“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
“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
Backstory
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.
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.
Explore Data on the Nairametrics Research Website