₦airaland Forum

ivolt:
Who cares if he transform into a goat?
Steve Job defrauded his business partner and Bill Gates fraudulently
acquired software for microsoft and overpriced its product.
Huawei uses slave labor in China.

Many of you can't see the big picture.
Never kill a company. If the head is bad fight the head and not the company.

ivolt:
Who cares if he transform into a goat?
Steve Job defrauded his business partner and Bill Gates fraudulently
acquired software for microsoft and overpriced its product.
Huawei uses slave labor in China.

ivolt:
Many of you can't see the big picture.
Never kill a company. If the head is bad fight the head and not the company.

cl0r0x:
I work with law enforcement in a foreign country. I specialise in electronics crimes and I must say OMG. We receive a very high volume of credit card fraud, most of which the beneficiary is flutterwave. Scammers and cybercriminals use it as a safe heaven.

rex21:
Can you seperate capitalism from fraud

HBB1:
This Hundeyin guy must be protected at all cost.

Dele Giwa no do pass all these!

CSNg:
I have always known Flutterwave to be a corrupt entity.

I made a payment through them to MallForAfrica and till today, the money entered voicemail. I complained to MallForAfrica and they blamed Flutterwave, I sent a ticket to Flutterwave and they blamed my bank (GTB) but deep down in me, I knew it was them (Flutterwave) that stole the money.

I also heard of stories from people who used them as a payment processor or their online services and payment gateway...they remit money from customers and it reflects on the dashboard of the clients but they would never remit to their bank accounts.

So with all this, I am not surprised!

Chuzoetoh:
An idiot should summarize for us please

rex21:
Do you wish for a rich world where the rich/strong rides on the poor and weak or a just nation where everything is fair to all concerned ??
Do think about it, dont be in a rush to answer.

Mooh247:
You call it fruad I call it maximising profit to stay in competitive world and business

If they found Flutterwave CEO of culpable of any wrong doing let them petition SEC , EFCC and CBN

ETHICALLYrlght:
The flutterwave chronicle is the biggest exposé of the Nigerian Fintech space that is saturated with founders whose backgrounds and antecedence do not corroborate their sudden success narratives.

If you didn't read David Hundeyin's publication, my summary is as follows:

1. The villain of the story was an influential Access Bank staff who used Access Bank's name and identity to secure investment for his flutterwave startup.
Moral Lesson: I do not blame entrepreneurs like Dangote who hire many Indian professionals in management.

2. The same villain reneged on his agreement with one of the foremost employees and executive of the firm regarding an important oral shareholding agreement.
Moral Lesson: Always write down and sign every agreement even with family.

3. The same villain employed the counsel who was holding brief for the aggrieved ex-employee at the National Industrial Court. The counsel abandoned the claimant and represented the defendant.
Moral Lesson: The Rules of Professional Conduct for Legal Practitioners in Nigeria prohibits a counsel from representing an opponent in a particular case. There are no rules when money is involved in Nigeria.

4. The same villain sexually abused another employed victim for years and proceeded to influence her new employer after she left flutterwave.
Moral Lesson: We should support our girls, sisters, daughters and nieces! They are endangered even in the most formal and literate spaces in this country .

5. The same villain sells stocks valued at $20 for less than $4 behind closed doors.
Moral Lesson: You're a sheep if you still think that forces of demand and supply determine prices at the stock exchange and money market. Prices are controlled by mafias.

I hope one day we'll comprehend how young men whose start-ups have less than half-a-million apps download on both APPLE Store and Google Play Store were able to dash Big Brother Naija 2billion Naira as headline sponsors

rex21:
So, SEC, EFCC and CBN now arrests people who are trying to 'maximise' profit to stay in competitive business world. ??

ivolt:
The nation in bold only exist in your fantasy and never in reality.

Samsung is the most corrupt company in South Korea, yet it still
has the government and the people's support because they understand
the importance of powerful companies in building strong economies.
Don't let me even go near what Chinese big companies do underground.

This petty, foolish, and sadistic David is trying to destroy a company thinking he is doing good.
He will not only cause a disaster but smear every other Nigerian tech who need fundraising in the future.

If the US went all moral on Gates and Jobs for all their shady deals,
there will be neither Microsoft nor Apple today.

Should fraud and abuse be punished?
Absolutely but not at the expense of the company's existence and only
those directly involved should be held accountable.

Always look at the big picture.

Siberia01:


Who has time to read that

IbileIfe:
Is GB not a front for the MD/CEO of Access Bank?
The prima facie evidence points at GB. But the MD/CEO of Access seems to be fully involved and so lied that GB was not working for Access Bank at the same time launching Flutterwave.

Personally, I am disappointed to read this damning evidence of fraudulent activities by Africa's biggest unicorn that we have been celebrating proudly as a Nigerian fintech phenomenon.
Big lesson for me whose tech startup is being prepared for launching.

Siberia01:


Who has time to read that

Mooh247:
No they don't hence why David can only resort to character assassination

ETHICALLYrlght:
The MD of Access Bank is also an employee of Access Bank. There's what is called "Uncovering the veil" in Corporate Law. Every staff of Access Bank involved in the fraud is criminally liable.

For Access Bank to be involved as a company, the members and shareholders at General Meeting were to agree by a resolution that their company's trade mark should be used. Anything other than that is ultravires and contrary to CAMA, the bank's Memorandum and Articles.

If you need legal ideas to manipulate the system, I'm open to consultations Forget my thesis you quoted.

ivolt:
The nation in bold only exist in your fantasy and never in reality.

Samsung is the most corrupt company in South Korea, yet it still
has the government and the people's support because they understand
the importance of powerful companies in building strong economies.
Don't let me even go near what Chinese big companies do underground.

This petty, foolish, and sadistic David is trying to destroy a company thinking he is doing good.
He will not only cause a disaster but smear every other Nigerian tech who need fundraising in the future.
He couldn't even stick to the actual infractions.

If the US went all moral on Gates and Jobs for all their shady deals,
there will be neither Microsoft nor Apple today.

Should fraud and abuse be punished?
Absolutely but only those directly involved should be held accountable
and not at the expense of the company's existence.

Always look at the big picture.

ivolt:
Who cares if he transform into a goat?
Steve Job defrauded his business partner and Bill Gates fraudulently
acquired software for microsoft and overpriced its product.
Huawei uses slave labor in China.

Many of you can't see the big picture.
Never kill a company. If the head is bad fight the head and not the company.

Akinsete19:
Nigerians and fraud, a typical Nigerian will condemn those who stole little money, but deep down the lane, the same individual is a chronic fraudster.

mmsen:
Great article.

We need more writers like Mr Hundeyin.

cl0r0x:
I work with law enforcement in a foreign country. I specialise in electronics crimes and I must say OMG. We receive a very high volume of credit card fraud, most of which the beneficiary is flutterwave. Scammers and cybercriminals use it as a safe heaven.

Landmack:
the guy don chop and soak himself for enough egbesu. is badagry jazz a joke to u?!