I personally incorporated Flutterwave in 2016 – Iyin Aboyeji

…Says highest ethical standards prevailed while at the helm at Flutterwave

In what appears to be a rebuttal to an incisive investigation that revealed the rot at Africa’s largest unicorn, Flutterwave by investigative journalist, David Hundeyin on Tuesday, the co-founder, Iyin Aboyeji, has stated that he personally incorporated the company in 2016.

This is against the report’s claim that Gbenga Agboola, the CEO incorporated the company in 2017.

“By my hand, I incorporated Flutterwave May 2, 2016 (while I was still at Andela by the way) and by my hand, I resigned with a letter dated Oct 12, 2018. Every single necessary evidence has been preserved because I conducted myself with the highest integrity,” Iyin tweeted on Wednesday in an apparent reply to the claim.

The report had specifically claimed that Iyin was a corporate front for Gbenga Agboola who incorporated the company while still actively working for Access Bank Plc.

“Iyin Aboyeji was never anything more than a corporate front for GB who in fact never resigned from his job at Access Bank and hid the fact of his concurrent involvement in both entities from investors, regulators and even his Access Bank colleagues. I will repeat that for emphasis: Olugbenga Agboola kept his job at Access Bank while building Flutterwave concurrently for at least 2 years while using a young tech figure as the convenient face of his business,” Hundeyin stated in his report.

Read more, Flutterwave emerges latest African unicorn after $170M Series C

With the depth of allegations of corruption and insider dealing and sexual harassment contained in the report, many had expected more than a paragraph of a tweet.

But he insists he needs not to say more, arguing that he is “painstakingly separating the actions of any individual from the corporate actions of a company I co-founded and built. While I was at the helm of Flutterwave we had the highest ethical standards. This is important for my stakeholders to know. Period”.

Flutterwave has yet to issue any official response to the story.