‘I am Only Responsible for My Two Year’s Period at Flutterwave’ – Iyinoluwa Aboyeji

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General Partner and Co-founder, Future Africa, Iyinoluwa Aboyeji

Anyway I’m done here but please note the dates here and understand that this is the period of Flutterwave’s existence I am responsible for. Anything before or after this I really don’t have a clue. All I have done is clear my name. That’s my priority


Serial entrepreneur and founder, Flutterwave, Iyinoluwa Aboyeji has distant himself from different allegations brought against the company he founded in 2016 by Nigerian private investigate journalist, David Hundeyin in an extensive investigative report titled: Flutterwave: The African Unicorn Built on Quicksand.

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According to Iyinoluwa, he said he singlehandedly incorporated Flutterwave on May 2, 2016 while he was still at Andela  and resigned Oct 12, 2018.

“Anyway I’m done here but please note the dates here and understand that this is the period of Flutterwave’s existence I am responsible for. Anything before or after this I really don’t have a clue. All I have done is clear my name. That’s my priority.’’ he added.

He also stated that every single necessary evidence has been preserved because he conducted himself with all highest form of integrity during the period.

In one of the most damning accusations against the company, the report largely accuses the co-Founder of Flutterwave, Olugbenga Agboola of engaging in impersonation, insider trading and inappropriate behaviours in the workplace.

Founder/CEO, Flutterwave, Olugbenga Agboola

In his respond to the allegation, Iyinoluwa said that his name had been dragged in the mud and international investors had been alarmed that he was involved in the entire allegation.

“David should do a better job of clarity. Again my reputation of integrity is painstakingly earned”

Responding to Iyinoluwa’s tweet, a tweep Castano Yemi wondered why he had talked about the issue he once claims that he wasn’t implicated with until he started to tweet.

“I don’t think anyone who read that article pointed any finger at you, well until you started tweeting this morning. You’re a good guy, people like you and understand your angle in all these, don’t make things look different., Yemi said in a tweet to Iyinoluwa.

Meanwhile, West Africa weekly tweeted in the conversation saying, “The person David spoke to was in the car with Iyinoluwa on the way to a meeting when Iyinoluwa realized he had been locked out of his Flutterwave email and Slack accounts. Perhaps Iyin should fight his ego for once and stop telling lies because other people were there. Just a thought.’’

“Again I am painstakingly separating the actions of any individual from the corporate actions of a company I co-founded and built. While I was at the helm of Flutterwave, we had the highest ethical standards. This is important for my stakeholders to know. Period.’’

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A tweep, Samuel Chukwu asked if it is true that Olugbenga remained a staff of Access Bank while still a co-founder or was using Access Bank resources hiding from investors with him being aware.

Nigerian Fintech Leaders React to Flutterwave Allegations

Responding to Samuel Tweet, he said, ’’The ethical questions are doing the leadership of Access Bank know GB and Leke were working on Flutterwave and I can confirm yes. Was their phased exit from the access bank disclosed to investors and the answer is yes. Even I incorporated Flutterwave while being at Andela.’’

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