Tinubu Reportedly Approves $75 Million Investment in Flutterwave Ahead of Planned IPO — Reports and Denials Clash

Reports have emerged claiming that President Bola Ahmed Tinubu has approved a $75 million Federal Government investment in Nigerian fintech company Flutterwave, as part of preparations for a potential $250 million initial public offering (IPO).

According to the reports, the investment would be channeled through the Ministry of Finance Incorporated (MOFI) and is intended to strengthen Nigeria’s position in the global fintech industry while boosting investor confidence ahead of the company’s expected market debut.

The alleged deal is said to have undergone financial due diligence involving international audit firms before receiving approval. Supporters of the move describe it as part of broader efforts to deepen government participation in the technology and digital finance sector.

However, Flutterwave has strongly disputed the claims, stating that the reports are inaccurate. The company clarified that it is not currently close to launching an IPO and that no official agreement exists regarding any government investment of this nature.

The conflicting statements have created uncertainty around the authenticity of the reported deal, with no formal confirmation yet from the Federal Government or regulatory authorities.

For now, the situation remains unverified, with opposing narratives from media reports and Flutterwave’s official position awaiting clarification.

SHARE THIS