Fresh twist in Kiwipay billions at Ecobank

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A close-up picture of a stack of 100-dollar bills. PHOTO | SHUTTERSTOCK

The fight for billions of shillings held by Singapore’s Kiwipay in Nairobi-based Ecobank accounts has taken a twist as another group of foreign companies seeks a fresh freeze order over payment of $5.81 million (Sh898 million).

Futuregate Labs Ltd (Cyprus), A&M Le Mont Venture Ltd (Cyprus), Airwallet Payments (Singapore) and Goldenpay DMCC say in court papers that they hired Kiwipay as an online payments service provider.

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