Flutterwave co-founder Iyinoluwa Aboyeji said he was horrified by the allegations against the African unicorn’s current CEO, Olugbenga Agboola, a day after admitting he deceived him in the firm’s formation.
Aboyeji stated on Sunday, via his Twitter handle, that the unethical behavior and sexual harassment leveled against Agboola were shocking, but that an investigation would be conducted to allow the Flutterwave board to take appropriate action.
Recall that Agboola deceived his fellow Flutterwave co-founders in the firm’s ownership structure, creating a fake identity, “Greg Agboola,” who he claimed was also a co-founder with a 10% stake in the firm – but Greg never existed.
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Some employees with stock options were reportedly forced to sell to Agboola’s investment firm for $3.50 per share, despite the fact that the market price was $20. He was also accused of having sexual affairs with some of his coworkers.
“I am as scandalized as everyone else about allegations of unethical conduct and sexual harassment leveled against my former colleague and co-founder Gbenga Agboola,” Aboyeji said in a new statement in response to the allegations. As previously stated,
“I have faith in the Flutterwave board to take appropriate action following a thorough investigation.” He tweeted about it.