Oyogist has learned that a popular Nigerian Investment platform, 86FB, has accused Fintech company, Flutterwave, of allegedly withholding billions of naira belonging to its investors.
The platform which claims to focus on football and collaborates with William Hill, a global online gambling company based in London, England, to integrate probability and statistics, disclosed in a statement that its funds have been maliciously frozen by Flutterwave.
It added that this had made it impossible for it to pay up its investors.
Noting that it would not succumb to unreasonable acts, the platform called on investors to join it in enforcing Flutterwave to release its funds.
Here’s What 86FB Said
The platform, in a statement to investors, noted, “A series of things have happened recently that make us unable to operate normally, and I apologize for this.
“The purpose of today’s announcement is to explain to you why 86fb cannot run normally. The reason is because we have been maliciously frozen by a payment company called Flutterwave.
“This payment company maliciously froze our funds, and intends to take the funds as their own and extort us by cooperating with the local police. 86fb have never yielded as we have been trying our best to protect the rights and interests of every user, but the other party has a strong background in Nigeria, we cannot fight against it, so now 86fb cannot withdraw money normally”
“For everyone’s funds, and for the dignity of 86fb, we will not bow to this force. On behalf of 86fb, I implore you all to join me in fighting against Flutterwave unreasonable freezing of funds. I hope you can help us get justice.”
The platform, however, promised investors that it will pay investors as soon as Flutterwave refunds all of the funds it froze.