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How Nigerian techies wired Sh276bn without CBK nod

Olugbenga Agboola, co-founder and CEO of Flutterwave.

Photo credit: Pool

As the world toasted Nigeria’s Olugbenga Agboola as Africa’s freshly minted tech billionaire, Kenyan authorities were investigating his firm for possible money laundering links.

It was February last year when a firm he co-founded — Flutterwave — was valued at $3 billion, making it the most valuable start-up in Africa as international investors bet on the continent’s fintech scene.