A Kenyan court has ordered the freezing of 45 bank accounts and 10 mobile money wallets belonging to Flutterwave Payments Technology. The move comes in response to a lawsuit filed by a group of 2,468 Nigerian nationals who claim to have been defrauded of $12.04 million (Sh1.6 billion) by the company. The court ruling names six local lenders, including United Bank of Africa, Access Bank, Guaranty Trust Bank, Equity Bank, Ecobank, and Safaricom, as interested parties holding Flutterwave’s funds.

While the exact amount of money in the frozen accounts and wallets has not been specified, the plaintiffs believe that it amounts to billions. This development puts additional pressure......

https://ratecaptain.com/kenyan-court-freezes-flutterwaves-bank-accounts-and-mobile-wallets-amidst-fraud-allegations/