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A Kenyan High Court has frozen another Sh400.6 million ($3.3
million) in three separate bank accounts and some 19 Safaricom
M-Pesa pay bill numbers belonging to Nigerian fintech company,
Flutterwave following allegations of card fraud and money
laundering by the country’s anti-corruption agency. On August 25,
the court allowed the Asset Recovery Agency’s (ARA) request to
restrict the fintech’s attempts to transfer or withdraw the
millions in the three bank accounts—two in UBA and one in Access
Bank—as well as the 19 Safaricom M-Pesa paybill numbers. A Kenyan
High Court has frozen another Sh400.6 million ($3.3 million) in
three separate bank accounts and some 19 Safaricom M-Pesa pay bill
numbers belonging to Nigerian fintech company, Flutterwave
following allegations of card fraud and money laundering by the
country’s anti-corruption agency. On August 25, the court allowed
the Asset Recovery Agency’s (ARA) request to restrict the
fintech’s attempts to transfer or withdraw the millions in the
three bank accounts—two in UBA and one in Access Bank—as well as
the 19 Safaricom M-Pesa paybill numbers.