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Investment platform, 86FB, has pointed accusing fingers at Fintech company, Flutterwave, for its inability to run efficiently and pay up its investors.
The platform which claims to focus on football and collaborates with William Hill, a global online gambling company based in London, England, to integrate probability and statistics, disclosed in a statement that its funds have been maliciously frozen by Flutterwave. It added that this had made it impossible for it to pay up its investors.
Noting that it would not succumb to unreasonable acts, the platform called on investors to join it in enforcing Flutterwave to release its funds.
What 86FB is saying
The platform, in a statement to investors, noted,
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“A series of things have happened recently that make us unable to operate normally, and I apologize for this. The purpose of today’s announcement is to explain to you why 86fb cannot run normally. The reason is because we have been maliciously frozen by a payment company called Flutterwave.
“This payment company maliciously froze our funds, and intends to take the funds as their own and extort us by cooperating with the local police. 86fb have never yielded as we have been trying our best to protect the rights and interests of every user, but the other party has a strong background in Nigeria, we cannot fight against it, so now 86fb cannot withdraw money normally”
“For everyone’s funds, and for the dignity of 86fb, we will not bow to this force. On behalf of 86fb, I implore you all to join me in fighting against Flutterwave unreasonable freezing of funds. I hope you can help us get justice.”
Promise to repay investors
- The platform, however, promised investors that it will pay investors as soon as Flutterwave refunds all of the funds it froze.
- It said, “If the money is to be returned, 86fb will pay all users’ funds as soon as possible!
- “At present, we have received feedback from many members that they have to get their own money when they find Flutterwave, so the platform recommends everyone to go to the Flutterwave payment company to get back their own funds!”
Since the 86FD’s allegation against Flutterwave became public knowledge, many investors have taken to Twitter to cry out to Flutterwave to release the alleged funds.
Olugbenga Agboola CEO at #flutterwave please release our funds #86FB @theflutterwave we need clarity now pic.twitter.com/Wpptl48hSN
— Resident_President (@wealth_magnet31) April 30, 2022
#flutterwave is our problem.They connive with Nigeria government to freeze #86FB funds. Is it a crime to be rich in this country?
Is it a crime to invest?
Is it a crime to work smart than work hard?
Is it a crime for the youth to be rich?#flutterwave must go down.#instablog9ja pic.twitter.com/OvMp8s64nM— Bayo Kunle Akinade🦅💫 (@BayoOfLagos1) April 29, 2022
#flutterwave Olugbenga Agboola CEO at #flutterwave please release our funds. Whoever sponsored you to freeze 86fb account just want to destroy U. Millions of Nigerians are suffering due to this including MOGs that I know who are trying to make extra income to support God's work. pic.twitter.com/rWODRAg3Qo
— Omotola Agboola (@OlarewajuRachel) April 29, 2022
https://twitter.com/rap_healzz/status/1520062397100306432
What you should know
- Nairametrics had earlier reported how Nigerians were reacting to the possible crash of 86FB investment platform.
- The platform says it runs a hedge fund arbitrage method that combines finance and conceptual science to earn stable returns with extremely low risk in sports gambling.
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I wish to have a comprehensive messages
And also help releasing people’s money
Best regards#
86FB is only trying to deceive you the way MMM did. We did not freeze entities account by name 86FB or 86z or 86w. The entity has withdrawn in entirety all of their deposits. We have no order from any law enforcement agency to freeze their accounts. By this, we totally reject this false accusations against our company. Thank you.
Reply
It a lie prove urself if u are innocent pls unfreeze our money we borrow money to invest we are in pains now 😭😭
FLUTTERWAVE release 86FB money why did you have to
seize their money when you know that is the only bet
that’s helping the youth to gather their funds to sustain
and it’s helping the poverty in Nigeria to reduce, so all this
problem is from the so called BET9JA and the useless
bloggers we have in Nigeria like LINDAIKEJI, GISTLOVER
and GOSSIPMILLTV i thought you guys are normal I never
knew you are devil incarnate, how many people have you
people helped? Now that a helping company is here to
help the masses you useless bloggers are now saying
nonsense about 86FB you people should find a solution
to this because a MILLIONS of Nigeria have invested their
money on this.
#FLUTTERWAVERELEASE86FB
#USELESSBLOGGERS
#OLUGBENGAAGBOOLACEO
#IYINOLAABOYEJIMANAGINGDIRECTOR
#ADELEKEADEKOYACO-FOUNDER
WE THE MASSES SUPPORT 86FB SO LETS FIGHT TO
STOP THE CORRUPTIONS IN NIGERIA AND THE
MD, if what speak for the company is true or false, only God will judge because that’s the money of the downtrodden some borrowed and now they are crying, their tears will not allow any collaborator see peace
Please ooo you people should try tell me how it possible to I don’t understand
Join the fight to say no to corruption an unemployment in Nigeria… Release 86z fund we support 86z to the last this is the only source we invest on now that seems to be working in Nigeria others have be ban no this…enough is enough
Pls help refund our money you can see how things are going in our country
Flutterwave is this is true you froze 86fb funds. Please release their funds because millions of people are in pains because of this.
It’s unbelievable what 86FB stated. Why should your customers go to Flutterwave to collect their money. They have business with your company and not Flutterwave.
Please flutter wave company for your assistant do thoroughly investigation and release our money million of people are In agony now
In Nigeria
Please fluterwaves if you are responsible for the frozen of 86fb account, kindly unfreeze their account so that we can receive our Heard earned money back
Like seriously it’s today i was planing to make a deposit to this site(86fb)
Hmmmm
Hmmmm
Hmmmm
Thanks be to God that i haven’t tried it.
Besude i hard an account with 86fb sinve tge day i hard about this company because it’s features sound interesting
Let me juk mouths inside this matter, flutawave don’t want their name to stain when it might happen later because no one knows.
So what i have to day is that flutawave should credit back all the account debited with the exact amount durinng all deposit
If you really do not want any businesses to connect you and 86fb company .
And 86fb you have to work on your site to be using a different payments and withdraw methods. Thanks(my name is Aussbillion) follow me on instagram.
Please release our money flutter waves I need my 2 million naira
86FB is only trying to deceive you the way MMM did. We did not freeze entities account by name 86FB or 86z or 86w. The entity has withdrawn in entirety all of their deposits. We have no order from any law enforcement agency to freeze their accounts. By this, we totally reject this false accusations against our company. Thank you.
Well, i wouldn’t agree with you ….you are the reason why everyone is suffering. I made deposit through flutter wave which my fund is still in the air, yet you took the responsibility to refund me ….also made deposit through other platform (USDT) and didn’t wait a second to receive the fund in my account. So definitely, you knew something about it all. Please release our funds.
Why is 86FB mentioning your company. It’s obvious you are the ones causing confusion here. You are conniving with ill meaning people to deny Nigerians of their hard earned money. People who are trying to get round the hardship in the country when the government can not help anyone. Just remember that what goes around comes around. Those who are using you today will definitely dump you very soon and you’ll be worse than fellow nigerians you betrayed
I personally do not want to know whatever d problem within u both just I want back my hard earn back
I Stan to release 86fb’s funds.
Let there be clarity among those companies.
Pls we want you to help us we really need our money, please🙏🙏
Flutterwave pls release our funds, its our investment and our right. We need our money @86fb. Do the needful.
We might need evidence o be it doctored or true, just let’s have a clear evidence that flutterwave or 86fb is lying.
Please try get the other side of the story by enquiry from the alleged party for people to have comprehensive report
Well done