flutter waves here in Nigeria have been in some shady deal with an investment company which had now been causing lots of commotion you might wanna know about it all right? well, read on to get the full details.
the Investment company in question is called 86FB football investment/betting platform. 86FB is a sports investment company headquartered in Manchester, UK. It was co-founded by City Football Group (CFG Co., Ltd. for short) in May 2015. It has a strong background. Their IFC global international team undertakes the national general agent of 86FB here in Nigeria because they understand the strength of the platform, the platform is safe and stable, according to them.
Flutterwave on the other hand is a Nigerian-owned fintech company that provides a payment infrastructure for all merchants globally and also provides payment services to providers across the continent.
So normally for the betting platform to be able to function and carry out transactions, it must have to pass through flutter waves. ng which they did. Along the line the betting platform begin to downplay their initial agreement, flutter waves also noticed the number of customers depositing funds on the betting platform which made them see the 86FB platform as a Ponzi scheme. To avoid money laundering flutter waves had to seize the funds of the 86FB platform.
For fear of the betting platform shutting down and funds of Nigerians at large getting lost. flutter waves stopped the deposit and withdrawal across the betting platform. When the whole shit was going on the betting platform refused to inform Their customers of the issue on the ground, and they had to find an illegal means of carrying out deposits and withdrawals. The moment flutter waves discovered that they have gone behind their back to find Their way out they had to freeze all their activities and made deposits/withdrawals pending.
Flutter waves with strong backing from the Nigeria Government have now put the organizers of the betting platform in a tight spot making their customers turn against them, and asking them to pay their funds. The head office of 86FB in Lagos was turned upside down by investors asking to get back Their capital and profits made so far.
86FB to save their asses call out flutter waves for forcefully taking money that belonged to the platform they asked their investors/customers to go after flutter waves for their funds to be released 🤣🤣 I will share images of messages I saved from flutter waves official Facebook page below.
Right now no one knows who is deceiving who, no one can get hold of the CEO or manager of the betting platform. Some investors were hospitalized they couldn't help it when they are forced to believe their hard-earned money might be impossible to recover.
I just hope this sounds like a warning to Nigerians and even others to be very careful about the type of investment platform they sign up for. Now they are talking of taking the matter to court with billions of naira hanging, this festive season that our Muslim brothers and sisters need money to celebrate they can't withdraw their funds you will only be able to see your money in your betting/investment platform but can't without what a tragedy.
Feel free to drop your comments on this matter if you are a Nigerian I know you might have heard about this, you can also drop your comments 👍 if you read my post to this point you deserve a big hug 🥰.