Lemo, a former Deputy Governor of the Central Bank of Nigeria (CBN), said the decision was taken to prevent illicit flow of fund through the payment channel.
“I was the one that instructed them to shut down their system yesterday when the bad guys were moving money through them,” Lemo explained.
Lemo’s explanation is coming following reports that the account of the fintech firm and that of Feminist Coalition, a pro-#EndSARS women group, were frozen.
As of Tuesday, a total of N16,706, 635.9 had been donated into the account, according to a post on Flutterwaves’ official Twitter handle. This includes donation in foreign currencies.