How frozen Sh15 billion slipped away in 2022
The Assets Recovery Agency claimed that shell companies were also incorporated in Kenya for purposes of taking advantage of the liberal financial system to launder funds.
Source: businessdailyafrica.com
Korapay Technologies News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Korapay Technologies. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Korapay Technologies Today - Breaking & Trending Today
Two other Nigerian tech firms accused of FRAUD in Kenya
Last week, Flutterwave was accused of money laundering in Kenya. Barely a week later, Nigerian-owned fintech Korapay and liquidity management provider Kandon Technologies Limited also received lawsuits for the same accusations and it appears the three cases are connected. Kenya’s Asset Recovery Agency (ARA) filed two suits against the businesses…
Source: newsghana.com.gh
👨🏿‍🚀 TechCabal Daily –Nigerian Korapay and Kandon accused of fraud in Kenya
Kenya accuses more Nigerian companies of fraud–Korapay, Kandon and 7 others. Netflix to introduce ads for cheaper plans. Read about it on TC Daily.
Source: techcabal.com
Nigerian companies' accounts frozen in Kenya amid court probe
Kenyan authorities have frozen accounts with Sh45 million ($381,000) worth of funds belonging to two Nigerian companies, Korapay Technologies Limited and Kandon Technologies Limited, for allegedly siphoning Sh6 billion ($51 million) into the country.
Source: techcabal.com
Court freezes Sh45m in Nigerian firms' accounts
According to ARA, the Nigerian firms are shell companies incorporated in Kenya for purposes of taking advantage of the liberal financial system to launder funds.
Source: standardmedia.co.ke