ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Nigeria: Hackers Have Stolen ₦2.9 Billion From Flutterwave Accounts

Flutterwave is Seeking to Freeze Accounts With Stolen Funds

in Business, News, Tech
Reading Time: 1 min read
0 0
0
Nigeria: Hackers Have Stolen ₦2.9 Billion From Flutterwave Accounts
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

In early February 2023, hackers transferred over ₦2.9 billion from Flutterwave accounts. While police investigations are ongoing, Flutterwave is seeking to freeze accounts where some of the money was transferred. A motion to freeze accounts in 27 financial institutions in Nigeria, including Access Bank, Kuda, Zenith Bank, and OPay, has been filed.

Read More: Nigeria Supreme Court Extends Old Naira Notes Validity Till December

You may have recently heard some claims on Flutterwave's security. We want to assure you that Flutterwave has not been hacked, and no customer funds were lost.

Thank you for choosing us 🦋

Read more here 🙏🏾: https://t.co/a27ZIy0w1k pic.twitter.com/o3KfChucJ9

— Flutterwave (@theflutterwave) March 5, 2023

 

According to documents seen by Techpoint Africa, ₦2,949,557,867 has been illegally transferred from the accounts of African fintech unicorn, Flutterwave. On February 19, 2023, Flutterwave’s legal counsel, Albert Onimole, reported the case to the Deputy Commissioner of Police, State Criminal Intelligence Department, Panti, Yaba, Lagos.

More

The World Bank Strengthens its Support to the Education Sector in Morocco

The United Kingdom Boosts Girls’ Access to Education in the DR Congo

The United Kingdom Defends Rwanda Asylum Plan

The hack on Flutterwave’s accounts occurred about two weeks ago from February 13. It was said that the money was initially transferred to 28 accounts in 63 transactions. While the incident was reported to the police on February 13, 2023, with the list of accounts that had received the money, the police could not freeze the funds.

Read More: Human Wildlife Conflict Still on The Rise Globally

According to Flutterwave, some commercial banks allowed the money to be moved to other accounts, widening the money trail. To investigate accounts holding the stolen funds across various financial institutions in Nigeria, S.A. Adedesin, Legal Officer, State CID, Panti, Yaba, Lagos, filed a suit in the Magistrate Court of Lagos to support Flutterwave’s claims.

Source: techpoint
Africanian

Africanian

  • Trending
  • Comments
  • Latest
Dreams Talks: The Work Before the Harvest — A Conversation with Nekesa Were

Dreams Talks: The Work Before the Harvest — A Conversation with Nekesa Were

March 18, 2023
Dreams Talks: Elevating the Sudanese Ecosystem with Savannah

Dreams Talks: Elevating the Sudanese Ecosystem with Savannah

February 12, 2023
How to make Nigerian Okra Soup Recipe

Nigerian Okra Soup

May 17, 2020
The World Bank Strengthens its Support to the Education Sector in Morocco

The World Bank Strengthens its Support to the Education Sector in Morocco

March 20, 2023
The United Kingdom Boosts Girls’ Access to Education in the DR Congo

The United Kingdom Boosts Girls’ Access to Education in the DR Congo

March 20, 2023
The United Kingdom Defends Rwanda Asylum Plan

The United Kingdom Defends Rwanda Asylum Plan

March 20, 2023
Africanian

Copyright © 2022 Africanian.com.

Follow Us

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

Copyright © 2022 Africanian.com.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.