The Economic and Financial Crimes Commission (EFCC) faces scrutiny for declaring Leatherback’s CEO, Ibrahim Ibitade, wanted in connection with fraud allegations, despite the company’s extensive cooperation.
Leatherback, a digital bank operating in 12 countries, actively assisted the EFCC with over 2,000 documents, internal investigations, and Suspicious Activity Reports.
The allegations stem from transactions involving SDQ Facilitators, an account holder introduced by a delisted entity, Hekima International. Victims were misled by Hekima associates, revealing a complex scheme.
Leatherback, undeterred, maintains innocence and pledges to clear its reputation amid an intricate ongoing investigation.
