David Hundeyin, a Nigerian journalist, has accused Olugbenga Agboola the owner of Flutterwave Fraud, Perjury & Insider Trading
David disclosed the fraud, perjury, and insider trading that gave birth to the Nigerian fintech powerhouse Flutterwave in a lengthy article titled Flutterwave: The African Unicorn Built On Quicksand.
Summary of David Hundeyin on Flutterwave:
- Flutterwave, according to David’s article, defrauds employees using stock options.
- You’re basically forced to sell below market value to a company owned by the founder.
- Olugbenga Agboola, the company’s owner, did not grant one of his employees with stock options. She filed a lawsuit against Flutterwave, who then went behind her and paid her lawyers.
- Olugbenga Agboola did not build Flutterwave based on his ingenuity, rather he illegal used the asset, infor & contacts of Access Bank.
Read the full article below.
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