Sanwo-Olu slated in row over Flutterwave

Lagos State Governor, Babajide Sanwo-Olu has been hauled over the coals after his congratulatory message to Nigeria’s payment technology outfit, Flutterwave.

This comes after the fintech firm announced on Wednesday that it has secured a remarkable turnaround in Series C funding round from a leading group of international investors led by New York-based private investment firm, Avenir Growth Capital and U.S. hedge fund and investment firm, Tiger Global.

Consequently, the value of Flutterwave rose to over $1bn after closing the $170m Series C funding round.

Tributes poured in the duo of Olugbenga Agboola and Iyinoluwa Aboyeji – owners of Flutterwave – in the wake of the deal, and not long afterwards, Sanwo-Olu found himself in the eye of a storm.

Writing on Twitter, the Lagos governor lauded the duo for their resilience and offered the support of his administration.

“Huge congratulations to Gbenga and the entire team of @theflutterwave for this landmark achievement. Stories of how they are enabling SMEs are everywhere around us and as a government, we are committed to supporting deeper interaction,” Sanwo-Olu tweeted.

This didn’t go down well with Nigerians on social media as they reminded the Lagos helmsman that he runs one of the most anti-SMEs policies in the country.

“This clown is congratulating Flutterwave but it was the same clown that frustrated OPay, Gokada and MaxNG out of business. Say na “supporting deeper interaction…” Ko fokin danu!” One @AnnJstunn3r wrote.

“Why do I have a feeling you’ll be looking for ways for tax them or ruin them completely like you did to Gokada? And don’t think we’ve forgotten that you’re a murderer.”

 

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