The Central Bank of Nigeria (CBN) on directives of the federal government has temporarily blocked the account of Flutterwave, a fintech payment platform that is being used to receive donations for the ongoing protest against police brutality in the country.
The apex bank also blocked the account of Feminist Coalition, a pro-#EndSARS women group, was also frozen.
According to THISDAY a reliable source at the Lagos-based firm stated that the accounts were suspended over allegation of terrorism financing and money laundering.
“It is true they blocked our account. And they are charging us with terrorism,” a source at Flutterwave confirmed.
As of Tuesday, a total of N16,706, 635.9 had been donated into the account, according to a post on Flutterwaves’ official Twitter handle. This includes donation in foreign currencies.
The organisers of the protest have been using the donations to fund medical supplies, food, drinks, legal aids, and others to sustain the protest.
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