#jaiyeorie
More than a week after David Hundeyin produced a report accusing the Flutterwave co-founder of financial and sexual crimes, Olugbenga Agboola has spoken out.
Hundeyin produced an investigation report accusing Flutterwave's founder of insider trading, identity fraud, sexual misbehavior, and other financial misdeeds.
This sparked outrage, with co-founder Iyin Aboyeji disputing some of the allegations and threatening legal action.
In an email to his colleagues, Agboola has responded to the charges.
"The charges regarding how I created the company are incorrect," he stated of the company's founding.
During the retreat, I said that a former boss assisted us in closing one of our enterprise clients.
I'm grateful for the opportunity.
About founding the company, he said: “The allegations about how I started the company are untrue. I shared with you during the retreat that a former boss helped us close one of our enterprise clients. I’m thankful for the learning and mentorship I received at the numerous employers. I worked at before starting Flutterwave.
About the allegations of insider trading, he said: “We have never engaged in insider trading. In the past, a few ex-employees sold shares they owned to outside parties. We followed all legal processes and procedures, including obtaining board approval when needed, when approving the sale of shares.
About the sexual harassment allegations, he said: “We have previously investigated employee sexual harassment allegations (including those made against me, and of which I was cleared) and terminated employees who have been inappropriate towards team members.”
About the ongoing investigations into Flutterwave activities, he said: “We are unaware of any ongoing SEC investigation into our activities. In 2017, the SEC had an inquiry, we fully complied and we understand that they closed the inquiry the same year.”
He went on to list the measures the company is taking to improve its services and restore public trust, including CSR messaging, new HR policies, auditing, conducting employee surveys to ascertain staff experience in the company, and more.
He mentioneed that he will visit every Flutterwave office on the continent to have “one-on-one” chats with employees by the end of the year.
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