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Mareva injunction
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Exclusive: Flutterwave loses ₦11 billion in security breach
TechCabal - May 16, 2024
Flutterwave suffered a security breach in which billions of naira were diverted to multiple bank accounts. This is the fourth incident of unauthorized transfers at Flutterwave in the last 14 months.
Central BankNigerian fintechMareva injunctionFlutterwave
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Exclusive: Flutterwave gets court order to recover $24 million lost to unauthorized POS transactions
TechCabal - Feb 08, 2024
Flutterwave will contact over 6,000 account holders across 35 banks and financial institutions to recover ₦19 billion ($24 million) that was illegally transferred by POS merchants. The recovery is possible due to a High Court ruling on February 1, which granted Flutterwave a Mareva injunction to rec
High CourtMareva injunctionFlutterwaveKYCNigeria
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