EFCC Drops All Allegations Of Misconduct Against FINTECH, Leatherback

A financial services technology company, Leatherback is targeting international growth through its offices in the United Kingdom, Nigeria, Ethiopia, Canada, India, Pakistan, Nepal, and Sri Lanka.

According to the company’s CEO, Toyeeb Ibrahim Ibitade, this target is critical, especially, as the Economic and Financial Crimes Commission (EFCC) has dropped all allegations of fraud and misconduct against Leatherback.

In November 2023, EFCC had announced that it had been made aware of the possibility of fraudulent activities on the Leatherback platform and its CEO, leading to an investigation into the company’s operations to establish the facts.

Cooperating fully with EFCC and working transparently with the organisation’s officials to provide a forensic view of its operations, Leatherback said, it was able to unequivocally prove its innocence, leading EFCC to drop all allegations and take down all previous communications on its website and social media platforms (Facebook, Instagram, and Twitter) around the matter.

Leatherback supported the EFCC investigation by making over 5,000 printed documents available to officials to enable as much clarity as possible even as Leatherback also filed Suspicious Activity Reports (SARs) in the UK and Nigeria.

Reacting to this development, the CEO of Leatherback, Toyeeb Ibrahim Ibitade, said: “I am relieved to see the end of this arduous episode, but I am even more delighted to see that myself and Leatherback, as an organisation, have been completely cleared of all wrongdoing.

“With this episode firmly behind us, we are poised to accelerate our mission to provide a single access point that empowers individuals and businesses to be truly global, delivering best-in-class financial, payment, and commerce solutions that remove barriers to global growth and mobility for all citizens of the world.”