PalmPay Denies Wrongdoing in KudiWave Funds Dispute
PalmPay Limited has publicly denied accusations of unlawfully handling funds belonging to KudiWave Technologies, asserting that all actions were conducted under a valid court order from the Federal High Court in Lagos. The case, referenced as Suit No.
FHC/L/CS/795/2026, was filed by the Inspector General of Police against PalmPay Limited and another party. In a signed statement, PalmPay Management acknowledged the difficulties faced by KudiWave and its customers but firmly rejected any claims of financial wrongdoing.
The company emphasized its status as a licensed financial institution, stating it had no legal grounds to disregard the court order. PalmPay urged the public to rely on verified information and allow the legal process to proceed, warning that it would take action against any misleading statements.
The statement did not specify which individuals or organizations were involved in the alleged misinformation.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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