Nigerian crypto investors have recently expressed concerns about their bank accounts being flagged by the Central Bank of Nigeria (CBN) in connection to the near $6.3 million (2.9 billion naira) Flutterwave hack.
On February 19, Albert Onimole, legal counsel for Nigerian fintech company Flutterwave, reported to police in Yaba, Lagos, that almost $6.5 million (3 billion naira) had been illegally transferred from the accounts of his client.
On February 27, a motion ex-parte was filed and granted in support of Flutterwave’s claims, with 107 accounts, including their fifth beneficiaries, being put on lien/Post-No-Debit (PND).
As a result, some local accounts have been frozen, leading to a decrease in P2P usage as users fear their accounts could be the next to be flagged.
