folake4u:
Nigerian Fintech Startups.

The more you look, the less you see.

ivolt:

Don't be deceived, he didn't investigate anything, an insider exposed the company's inner working
and information.

pocohantas:


With their small colourful offices. Very inorganic growth.

ivolt:

Who cares if he transform into a goat?
Steve Job defrauded his business partner and Bill Gates fraudulently
acquired software for microsoft and overpriced its product.
Huawei uses slave labor in China.

Many of you can't see the big picture.
Never kill a company. If the head is bad fight and cut off the head and not the company.

Mooh247:


I am a full proud supporter of a Capitalist world.. socialism is for weakling and lazy over entitled grown adults

Even after God practiced Socialism and Welfarism in the Garden of Eden Human abused it and God himself made capitalism the best for man kind

ivolt:

The nation in bold only exist in your fantasy and never in reality.

Samsung is the most corrupt company in South Korea, yet it still
has the government and the people's support because they understand
the importance of powerful companies in building strong economies.
Don't let me even go near what Chinese big companies do underground.

This petty, foolish, and sadistic David is trying to destroy a company thinking he is doing good.
He will not only cause a disaster but smear every other Nigerian tech who need fundraising in the future.
He couldn't even stick to the actual infractions but sounded like a hired goon.

If the US went all moral on Gates and Jobs for all their shady deals,
there will be neither Microsoft nor Apple today.

Should fraud and abuse be punished?
Absolutely but only those directly involved should be held accountable
and not at the expense of the company's existence.

Always look at the big picture.

PheelzAlmighty:
Make everybody gettat

Morribus:
Wow

Who is now a Saint in this country

Mooh247:



Show me one fortune 100 company that isn't guilty of white collar fraud

.

timefarm:

The answer is obvious.

From this story and write up there, there is no rich oppressing the poor there
Look beyond the letters there, you will only see jealousy and outright envy.

Access bank has more resources than his this media trial at their disposal to bring him to justice if they had felt cheated.

I do not claim he has done all thing well, no, no big corporation has. Even him writing, we saw the scandal about him the other time.

I was expecting to see real things not office romance gone wrong story.

CrownOfClay724:


Read the room.

Niralanders are heaping culpability on David Hundeyin instead of asking for things to be done properly.

Bloody fraudsters.

ivolt:

Don't be deceived, he didn't investigate anything, an insider exposed the company's inner working
and information.

Mooh247:


I am a full proud supporter of a Capitalist world.. socialism is for weakling and lazy over entitled grown adults

Even after God practiced Socialism and Welfarism in the Garden of Eden Human abused it and God himself made capitalism the best for man kind

Siberia01:


Who has time to read that

playboy19:
I read the whole thing all I see here is office romance gone wrong and personal vendetta.

So this David boy wants to destroy a $3B company because of a CEO who couldn't keep its third leg in check? The dunce was even expecting investors to kill the company because "the money invested is insignificant compared to their pool". Is that guy insane?

Miyachi:

You clearly don't get the big picture. This might be something potentially akin to the Wework scandal.

There's insider trading and clearly it seems Flutterwave is worth much less than its valuation (but hey, which tech unicorn isn't?). We can't see their financials so we can't know for sure. There's just something ominous about the story, it seem like he hasn't even scratched the surface.

Mooh247:



Show me one fortune 100 company that isn't guilty of white collar fraud

If the mumu David Hundeyen kills all startup to rise in journalism... I hope his fellow jobless twitter miscreants won't blame Buhari for not creating jobs

Now the news would create shock and loss due to stock price fall as investors may want to divest



.

timefarm:

You've spoken well.

I just consider most of what he said rambling from a jealous mind.

Offcourse some are true

djon78:




David did the right thing

It's time Nigerian companies come clean. Most especially involving young entrepreneurs

We have been blaming old politicians of the mess they put Nigeria into.

Seems like the younger generation of budding young men and women are worse off.


Kudos to David Hundeyin for this expose

Many more things will be exposed by him

David is seriously rattling the Nigerian establishment

What a young man
What a great inspiration

playboy19:


Life is about perception. To you, you see him as a hero who is exposing the rot in a corporate entity, while I see him as an axshole who is trying to use another man's sweat to further his own carrier. Either way, there are consequences.

He should be thankful though that he's dealing with a non-combative dolt like GB, if not.... this whole thing wouldn't be here.

Siberia01:


Who has time to read that

ivolt:
This Hundeyin sounds like a psychopath on vendetta.
No country gains massive wealth without shady big companies.
A company is bigger than is executive. If he has a problem with
one, he should face that and not try to destroy the entire business.

Viraltrends123:
People always trying to draw their own down in this country, from hatred for dangote, saying he is fg made billionaire, to this guy. some of American billionaires admit they sold cocaine to be where they are today, Jeff bezos, Amazon CEO also received massive support from US government, We saw how US stop hauwaii and xiomi from gaining dominance, they made sure Apple reigns despite the bad history of their board of directors, they are more interested in what the company will big to the nation, US is by far the country with the most billionaires. And they are ready to do create more, and not spoil the little the have.

In Nigeria, our Aba made product was gaining dominance small small, not until we Nigerians we localized it, any small things that is fake we call it Aba made, here in Nigeria we never complained when companies like indomie, that french blue carton sugar, honeywell cheese balls owned by white people were gaining dominance, but when dangote started his own, his cements, sugar, that's when we remember what Monopoly is, many people would have become billionaires in this country, custom officials have ruined their careers, custom officers are Nigerians ooo. Here we tackle evil people around us that those outside. What a wrong country to be in.

Viraltrends123:
People always trying to draw their own down in this country, from hatred for dangote, saying he is fg made billionaire, to this guy. some of American billionaires admit they sold cocaine to be where they are today, Jeff bezos, Amazon CEO also received massive support from US government, We saw how US stop hauwaii and xiomi from gaining dominance, they made sure Apple reigns despite the bad history of their board of directors, they are more interested in what the company will big to the nation, US is by far the country with the most billionaires. And they are ready to do create more, and not spoil the little the have.

In Nigeria, our Aba made product was gaining dominance small small, not until we Nigerians we localized it, any small things that is fake we call it Aba made, here in Nigeria we never complained when companies like indomie, that french blue carton sugar, honeywell cheese balls owned by white people were gaining dominance, but when dangote started his own, his cements, sugar, that's when we remember what Monopoly is, many people would have become billionaires in this country, custom officials have ruined their careers, custom officers are Nigerians ooo. Here we tackle evil people around us that those outside. What a wrong country to be in.

GeneralPula:


That’s not flutterwave fault..

You steal money, come shop for my store, I’m I suppose to know the money was stolen and not yours?

In the USA, guys will steal credit card and head straight to stores - EBay, Craigslist, Amazon & so on and these stores will accept and delivered whatever you buy..

The problem is solely the credit card owner... Even banks will dare not accuse anyone except the hackers stealing the credit card..

ETHICALLYrlght:
The flutterwave chronicle is the biggest exposé of the Nigerian Fintech space that is saturated with founders whose backgrounds and antecedence do not corroborate their sudden success narratives.

If you didn't read David Hundeyin's publication, my summary is as follows:

1. The villain of the story was an influential Access Bank staff who used Access Bank's name and identity to secure investment for his flutterwave startup.
Moral Lesson: I do not blame entrepreneurs like Dangote who hire many Indian professionals in management.

2. The same villain reneged on his agreement with one of the foremost employees and executive of the firm regarding an important oral shareholding agreement.
Moral Lesson: Always write down and sign every agreement even with family.

3. The same villain employed the counsel who was holding brief for the aggrieved ex-employee at the National Industrial Court. The counsel abandoned the claimant and represented the defendant.
Moral Lesson: The Rules of Professional Conduct for Legal Practitioners in Nigeria prohibits a counsel from representing an opponent in a particular case. There are no rules when money is involved in Nigeria.

4. The same villain sexually abused another employed victim for years and proceeded to influence her new employer after she left flutterwave.
Moral Lesson: We should support our girls, sisters, daughters and nieces! They are endangered even in the most formal and literate spaces in this country .

5. The same villain sells stocks valued at $20 for less than $4 behind closed doors.
Moral Lesson: You're a sheep if you still think that forces of demand and supply determine prices at the stock exchange and money market. Prices are controlled by mafias.

I hope one day we'll comprehend how young men whose start-ups have less than half-a-million apps download on both APPLE Store and Google Play Store were able to dash Big Brother Naija 2billion Naira as headline sponsors