Nigerian tech firm Kudiwave Technologies protested at the Abuja Police Headquarters, alleging that N750.34 million was illegally transferred from its PalmPay account. The company’s representative, Wale Igbintade, accused authorities of misusing funds and called for an independent investigation. The protest followed reports that the money was moved without proper authorization.
Authorities have not yet confirmed the allegations, but the firm claims the funds were part of a legitimate business transaction. Kudiwave is a digital financial services provider, and the incident has raised concerns about transparency in financial operations. The protest highlights growing tensions between private sector entities and regulatory bodies in Nigeria.
The dispute underscores challenges in financial regulation and accountability. Kudiwave is now seeking legal recourse to recover the funds and ensure transparency. The case remains under review, with no official statement issued by the police or financial authorities as of now.
