Zacuten Alleges $4.2M Fraud by Plaude Technologies

Zacuten Technologies has accused Plaude Technologies Limited of failing to complete a cross-border transaction valued at approximately $13.07 million, leaving an outstanding balance of between $4.1 million and $4.2 million. Zacuten's CEO, Godsreal Ojinaka, stated that the debt has remained unresolved since March 2026 despite multiple requests for payment.

Plaude attributed the incomplete settlement to enhanced due-diligence procedures and banking restrictions, which Zacuten rejected as insufficient. The company is demanding a complete account of the transaction and independent confirmation of funds.

Additionally, Zacuten claimed that a Banc of California cashier’s cheque dated March 6, 2026, valued at $2,780,208, raised questions about its authenticity. The controversy escalated when the Police Special Fraud Unit announced a Federal High Court forfeiture order affecting Plaude's accounts and assets, amid allegations of conspiracy, fraudulent conversion, and money laundering totaling ₦8,585,852,300.

This interim forfeiture order is pending the conclusion of the investigation.