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Nairaland Forum / Nairaland / General / Business / Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions (17595 Views)
Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators / Police Return N9.9million To Owner After It Was Mistakenly Transferred To POS / Nigerians Shun Pos Transactions Over Charges (2) (3) (4)
Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by nlfpmod: 9:37pm On Feb 08 |
Flutterwave, Africa’s most valuable startup, will contact over 6,000 account holders across 35 banks and financial institutions to recover ₦19 billion (*$24 million) illegally transferred by POS merchants after a High Court ruling on February 1. https://techcabal.com/2024/02/08/flutterwave-to-recover-missing-24million/ 4 Likes
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Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Madeade: 9:42pm On Feb 08 |
Good 2 Likes |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Hermaphrodite2: 9:42pm On Feb 08 |
Cash out time for flutter wave What a loss to the owners of the account No matter how hard flutterwave tries to recover the lost fund, it can't be 100% recovered Assuming I did an authorized transaction, will I be gullible enough to leave the money in that account. 5 Likes |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Epstein(m): 9:42pm On Feb 08 |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by billionman: 9:42pm On Feb 08 |
One downside of technology. You could lose a lot in few seconds due to a simple glitch. How will they track those with incomplete KYC? 24 Likes 1 Share |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by AOB1: 9:42pm On Feb 08 |
Kk |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by AleAirHub(m): 9:43pm On Feb 08 |
Matters |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by symbianDON(m): 9:43pm On Feb 08 |
Imagine!! I wonder if those monies can truly be recovered though. 1 Like |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by RainMoreDFARMS(f): 9:43pm On Feb 08 |
Naija goats wlll be chewing & looking at u so seriously as if they are expecting u to greet them first 41 Likes 5 Shares |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by UnknownElder: 9:43pm On Feb 08 |
This is bad news… 3 Likes |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Moyinoluwa35(f): 9:43pm On Feb 08 |
Hmm |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Stephaniegold(f): 9:43pm On Feb 08 |
Ok |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Realestatevixen: 9:44pm On Feb 08 |
Hmmm |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Smartguyboy(m): 9:44pm On Feb 08 |
Money laundering website 4 Likes |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by 1nigeriamyfoot: 9:44pm On Feb 08 |
There's possibility its the work of an insider Many of the affected bank account owner will be affected for something that they knows nothing about However, if they met with strong company that has a verifiable busines deals with 3rd or 4th recipient, they will be free from this madness Flutterwave knows very well that most of the frozen bank accounts belong to innocent traders Fluterwaves should be ashamed of tbemselves 5 Likes 1 Share |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by kenniefawole(m): 9:46pm On Feb 08 |
Flutterwave the unicorn start up |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by iLoveYouToo(m): 9:46pm On Feb 08 |
Who sponsored this, Fidelity or Flutterwave or both? 4 Likes 1 Share |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by iLoveYouToo(m): 9:48pm On Feb 08 |
9 Likes |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by AgbadoDie: 9:50pm On Feb 08 |
Now let's me come. Point 1. Flutterwave POS is one of the worst pos ever. I can't imagine a POS I can't even use to do normal transfer and it will go successfully. Everytime, my pos girl will call me that people's money has hung. I keep on settling problems with my own money while steadily disturbing my Distributor. Flutterwave should do more on their machine, it is very inefficient 7 Likes 2 Shares |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by 123yes(m): 9:52pm On Feb 08 |
I wish they never recover this money. They them self are high grade fraudsters. Many companies used them to defraud an suspecting public 6 Likes 1 Share |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by nstore: 9:54pm On Feb 08 |
4 Likes |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Pio44: 9:54pm On Feb 08 |
86fb money they include ? 2 Likes 1 Share |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Benwallt(m): 9:55pm On Feb 08 |
21million naira or dollars |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by flexyrule(m): 9:59pm On Feb 08 |
24? |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Judolisco(m): 10:01pm On Feb 08 |
Hermaphrodite2:100% u dey talk... Dem fit no see 30% sef 2 Likes 2 Shares |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by o123456789(m): 10:02pm On Feb 08 |
This is not only a Flutterwave problem, illegal transfer and cashout can be done against any Bank or Fintech. My new book covers everything on how to cashout and also secure the online money vaults of any organization or company. Note that the price of this book will no longer remain the same after this news... It was formerly $50 but now it will go for $1000. |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by TalkTalkTwins(m): 10:10pm On Feb 08 |
Hmm |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by muyico(m): 10:14pm On Feb 08 |
Gud development |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by mastermaestro(m): 10:14pm On Feb 08 |
What a way to pin insiders' job on outsiders. Criminals everywhere. |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by o123456789(m): 10:15pm On Feb 08 |
AgbadoDie:Let me just tell you this plain truth, there is a silent battle of monopoly that is fashioned against Opay... It is evident that Opay POS is very reliable hence the attack just to bring down the company using KYC as the evil arrow head!!! 7 Likes 2 Shares |
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by muyico(m): 10:16pm On Feb 08 |
My frnd sent money to one lady living at ph, to come Ibadan, he sent 15k to d lady tru opay acct, but d lady don block him on fb, but he still ve d transaction details,how can he recover d money? |
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