Barely weeks after it was accused by the Kenyan authority, Asset Restoration Company (ARA), of utilizing its firm accounts for cash laundering, Financial institution of Ghana has formally begun to probe the African unicorn after a number of allegations from the Nigerian and Kenyan markets.
The co-founder and Chief Government Officer, Olugbenga Agboola, was additionally accused of insider buying and selling, creating fictitious identification to acquire extra shareholding proper, and likewise abused the ability of his workplace, whereas the Kenyan authorities accused Flutterwave of card fraud and working with out license.
Amid these allegations, the Ghanaian authorities is now wanting into the monetary report of Flutterwave, and has ordered monetary establishments to supply particulars referring to the agency’s operational accounts.
In a letter confidentially despatched to the monetary establishments, and dated July 13, the Financial institution of Ghana said that it’s conducting a assessment on Flutterwave Know-how Options Restricted as a part of its steady surveillance of the monetary system.
“To this finish, we request you to furnish us with the next data on the above firm: Particulars of companies supplied by the corporate to your establishment.
“All operational accounts of the corporate together with your establishment. Particulars of all monetary exposures to the corporate. You may additionally embrace every other data you may have on the corporate.