Flutterwave CEO Agboola Addresses Sexual Harassment Allegations

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The Chief Executive Officer (CEO) of Flutterwave, Olugbenga Agboola has addressed the sexual misconduct and insider trading allegations peddled against him in a recently-published report.

Addressing his employees via their official emails, Agboola assured them that the FinTech unicorn has “no tolerance for sexual harassment.”

“I’m writing today because I want you to know how concerned I am about the impact that reading the false allegations against our company has had on you all.

“The fact that the allegations of financial impropriety, conflict of interest, and sexual harassment have been proved false or have already been reported, investigated, and addressed by management matters less to me than the reality that these claims may have shaken your confidence in the company.

“As founder and CEO, it is my responsibility to address the concerns you may have, and this will be a priority for me moving forward,” the email read further, as he didn’t admit any wrongdoing or apologise for the allegations.

Agboola responded to some specific allegations but told employees, “the allegations about how I started the company are untrue. I shared with you during the retreat that a former boss helped us close one of our enterprise clients. I am thankful for the learning and mentorship I received at the numerous employers I worked at before starting Flutterwave.”

“We followed all legal processes and procedures, including obtaining board approval when needed, when approving the sale of shares,” he wrote. “In addition, we work closely with our outside law firms to comply with all applicable regulations.”

Agboola’s email comes days after Nigerian journalist David Hundeyin detailed how the Flutterwave CEO allegedly carried out multiple misconducts ranging from fraud and perjury to insider trading and sexual harassment.

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