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        N750m Controversy Deepens as Kudiwave Demands IGP Investigation Kudiwave Technologies Limited has petitioned the Inspector-General of Police, Olatunji Disu, over the alleged transfer and continued withholding of N750 million from its PalmPay account, asking for an independent investigation into the handling of the funds by the Special Fraud Unit, Ikoyi, Lagos. The company, in a petition dated September 14, 2026, also challenged allegations linking the funds to an alleged “round-tripping” transaction. Kudiwave, through its solicitor, Tony Eseigbe & Co., alleged that the SFU linked the money in its account to funds purportedly originating from United Bank for Africa Plc and subsequently moving through other companies. The company, however, disputed the allegation, maintaining that it received the funds from Nexall Technologies Limited as part of a legitimate commercial transaction and provided corresponding digital-asset value. How the N750m Transaction Sta...

  Amputee Entrepreneur, Mballou Fofana, Builds $15m Business Empire in US Mballou Fofana, founder of Le Mandingue African Restaurant in Philadelphia, United States, has built a business empire reportedly valued at about $15 million, more than two decades after losing one of her legs in an accident. Fofana, who suffered the life-changing accident in 1998, has since established herself as an entrepreneur with interests in hospitality and real estate. Her restaurant, Le Mandingue African Restaurant, is regarded as one of the longest-serving African restaurants in the Philadelphia region and has become known for its authentic West African cuisine and hospitality. Speaking on her entrepreneurial journey, Fofana said the accident did not stop her from pursuing her dreams, but instead strengthened her resolve to rebuild her life. > “My story is proof that no setback is greater than the power of determination. Through faith, resilience and hard work, I chose to rebuild my life after tra...

  PalmPay issues arrest warnings to media outlets over KudiWave reports A new phase has emerged in the dispute involving PalmPay Limited and KudiWave Technologies Limited, with media organisations that reported developments in the matter said to have received messages from PalmPay warning of possible arrest and demanding the removal of published stories. The warnings followed media coverage of two major developments in the dispute. The first concerned the movement of N750,369,439.04 from KudiWave’s account by PalmPay. The second involved PalmPay’s reported position that KudiWave’s address and the ownership of the account were unknown, a claim KudiWave later challenged with documents and evidence of previous dealings between both companies. One of the major pieces of evidence presented by KudiWave was a PalmPay correspondence dated July 28, which expressly identified KudiWave Technologies Limited and Account No. 8889232516. In the same letter, PalmPay asked the Nigeria Police Force ...