Browsing: Credrails

Serving a Flutterwave customer. The Flutterwave scandal is a stain on the Nigerian tech-unicorn that has received much praise in recent times.

Flutterwave CEO, Olugbenga Agboola, aka GB, is under scrutiny over the allegations which also include financial misconduct, insider trading and embezzlement.

These Flutterwave allegations could spook investors pouring their money into African start-ups and this is a reality until the Flutterwave scandal is discredited. If not, the whole tech ecosystem in Africa might lose out since there has been disquiet over corporate dysfunction and a toxic work culture at Nigerian tech start-ups. When Nigeria sneezes, Africa does catch a cold and the Flutterwave allegations are just the signs of a pandemic if not handled with care.

Many outsiders are outraged by Nigerian companies’ corporate dysfunction and bad workplace culture with one former Flutterwave Kenya employee, Clara Wanjiku Odero, accused Agboola of bullying and negligence leading to fraud at Flutterwave.