Thursday, December 8, 2022

Olugbenga Agboola: Flutterwave CEO faces allegations

In a tweet on Tuesday, April 12, 2022, David Hundeyin, journalist and founder of the West Africa Weekly newspaper. Revealed that he began working on a piece about the Nigerian payment app Flutterwave. Owned by Olugbenga Agboola six months ago.

Olugbenga Agboola

The story has gone viral, and Twitter roundtable discussions have began concerning the story.


In the post, which he claims provides the required proof to back up his claims. Hundeyin accuses Flutterwave CEO Olugbenga Agboola of bullying and committing crimes.  His crimes includes Insider trading and artificially inflating and deflating share prices as he desired. He further claimed that Olugbenga Agboola, who worked at Access Bank, fraudulently exploited the bank’s assets, information, and contacts.


This report follows the publication of a Medium post by Clara Wanjiku, a former Flutterwave employee. Against the Flutterwave CEO Olugbenga Agboola on Monday, April 4, 2022. Criticizing the CEO for “5 years of continual harassment.”

Odero stated in the blog post how she departed her work as Head of Implementation (Rest of Africa) in 2018 due to a series of unspecified incidents, and when it came time for her to be compensated, she claimed the corporation failed to do so.

Flutterwave finally paid her dues after she threatened to sue the company, which she claimed led to numerous staff “asking to chat and resolve this amicably,” she stated in the article.

Following that, the company accused Odero of being involved with a Twitter account that called out male members of Flutterwave’s management for sexual harassment, according to Odero.

Last year, the company, which was created in 2016, became a unicorn. And by February 2022, it was valued at $3 billion after raising $250 million in Series D funding. This made the company the most valued African startup in 2021, exceeding SoftBank-backed fintech OPay and FTX-backed cross-border payments platform Chipper Cash’s $2 billion valuations.

The information contained in this article is for general information and entertainment purpose. Kindly report any fake news or false statement by sending an email to us:

Hello My name is Nneamaka Isu and i am a writer. I love to include a lot of my feelings and experiences in my writing. By generalizing the experiences I'm writing about. I make my writing something that other people can connect to or relate to in some manner. Sit back and enjoy!

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