.png)
2 hours ago
2
Flutterwave has denied reports that Nigeria’s federal government approved a $75 million investment in the company, casting doubt on claims that the move was part of a broader push toward a public listing.
The payments firm said it has “no knowledge” of any such transaction, contradicting earlier reports that suggested President Bola Ahmed Tinubu had authorised the investment through the Ministry of Finance Incorporated (MoFI).
The reports, which circulated widely on Monday, were partly driven by a now-deleted social media post from a presidential aide. They also claimed Flutterwave was preparing to raise as much as $250 million in an initial public offering.
READ ALSO: Flutterwave denies claims hackers stole N2.9bn from its platform
In a statement issued on Thursday, Flutterwave dismissed both assertions as inaccurate.
“We’d like to clarify that the information circulating is inaccurate, including the reported $250 million figure,” the company said. “Flutterwave is not in any way close to an IPO, and there have been no announcements regarding a listing or fundraising tied to an IPO as described.”
The company did not comment on whether any form of engagement with government entities had taken place, but its response firmly rejected the existence of a confirmed investment or near-term listing plans.
The post Flutterwave denies $75m govt investment, distances self from IPO claims appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
