fbpx

Flutterwave Loses N2.9bn To Internet Fraudsters

Fintech giant, Flutterwave, have allegedly lost ₦2,949,557,867 to hackers, after the said sum was illegally transferred from the organization’s account.

Counsel to the group, Albert Onimole, reported the case to the Deputy Commissioner of Police, State Criminal Intelligence Department, Panti, Yaba, Techcabal reported.

According to Onimole’s letter, the hack on Flutterwave’s accounts occurred about some weeks ago revealing that the said sum was initially transferred to 28 accounts in 63 transactions.

See Also: Court Sends 22 Internet Fraudsters To Jail

Although the accounts that received the money were listed, the police are yet to freeze the receiving accounts to prevent the money being moved.

According to Flutterwave, some commercial banks allowed the money to be moved to other accounts, widening the money trail.

To investigate the accounts holding the stolen funds across various financial institutions in Nigeria, S.A. Adedesin, Legal Officer, State CID, Panti, Yaba, filed a suit in the Magistrate Court of Lagos to support Flutterwave’s claims.

The suit is between the Commissioner of Police and the affected 28 commercial banks.

Leave a Reply

Your email address will not be published. Required fields are marked *