The Nigerians said in a petition that they were swindled of billions of shillings through a sports betting platform that used Flutterwave to process the payments. PHOTO | POOLMore than 2,000 Nigerian investors have petitioned the Kenyan courts to unfreeze Ksh1.44 billion locked in Safaricom and four banks, saying they were swindled in transactions involving Africa-focused payments giant Flutterwave.
The Nigerians said in a petition that they were swindled of billions of shillings through a sports betting platform that used Flutterwave to process the payments. The 2,468 West Africans now want Ksh1.44 billion separated from the Ksh6.6 billion frozen in July in 62 bank accounts at Guaranty Trust Bank , Equity Bank, Ecobank and UBA Bank and in 19 Safaricom paybill numbers under Kenya’s anti-money laundering laws.The Assets Recovery Agency obtained orders freezing Ksh5.17 billion in 29 accounts at GTB and the rest in Equity and Ecobank in Kenya shillings, US dollars, euros and Sterling pounds.
The billions are believed to be proceeds of theft, card fraud and money laundering wired in the guise of payments for goods and services.
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