N750m Dispute: Kudiwave Takes Protest to PalmPay, Demands Return of Funds
Wale Igbintade Kudiwave Technologies Limited yesterday took its N750.36 million dispute with PalmPay to the streets, protesting at the payment platform’s Opebi Road office in Lagos and demanding answers over
Kudiwave Technologies Limited sparked controversy by reclaiming its protest outside PalmPay's Lagos office, seeking answers over the transfer of N750.36 million to the Nigeria Police Force. The funds were allegedly debited from Kudiwave's PalmPay account on July 15, 2026, two days after the Federal High Court order was challenged and reserved for ruling.
Kudiwave's Company Secretary, Prince Oko Kalu, revealed that the entire account balance was affected and questioned why the transfer took place while the company's appeal was still pending. The dispute emerged from a June 29 order obtained by the Police Special Fraud Unit, directing PalmPay to recover funds from Kudiwave's account and transfer them to the Police Exhibit Account.
The order was later vacated on July 22, but the funds remained in the Police Recovery Account. Kudiwave demands immediate return of the N750,369,439.04, with interest, and an independent investigation into the transaction.
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