Kenya’s Assets Recovery Agency has withdrawn its money laundering claims against Flutterwave and 3 other Nigerian tech companies operating in the country.
Avalon Offshore Logistics Limited, OIT Africa Limited, and Remix Capital Limited were the companies listed alongside Flutterwave.
The companies were accused of using their platform for money laundering.
Recalling, in April, the agency obtained orders to freeze millions belonging to the companies and prohibiting them from transacting, withdrawing, transferring, and dealing in any manner in any profits or benefits derived from the said funds.
In July, Kenyan authorities froze the financial assets of Nigerian-owned payment platform Flutterwave after filing criminal charges against the payment solutions firm.
