KudiWave Demands Answers From PalmPay Over N750m Transfer

• • 1 min read
KudiWave Demands Answers From PalmPay Over N750m Transfer

LAGOS — Fintech company KudiWave says N750.37 million was debited from its account at PalmPay on 15 July and sent to a private business account instead of a police recovery account, under a Federal High Court order that was later set aside on 22 July. PalmPay says it complied with a court order that was valid at the time and neither initiated nor benefited from the transfer.

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