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Court freezes another Sh400.6m in banks, M-Pesa linked to 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. PHOTO | POOL
High Court has frozen another Sh400.6 million in three bank accounts and 19 Safaricom M-Pesa paybill numbers belonging to Nigerian start-up Flutterwave linked to card fraud and money laundering.
The millions held in two accounts at UBA Bank, one account at Access Bank and 19 M-Pesa paybills were frozen after the Assets Recovery Agency (ARA) applied to block the transfer or withdrawal, pending the filing of a petition to have the money forfeited to the government.
