Flutterwave has denied reports claiming that the Federal Government approved a $75 million investment in the company, saying it is not aware of any such arrangement.
The clarification follows a report published by Techpoint Africa on Monday, which stated that President Bola Ahmed Tinubu had allegedly authorised the investment through the Ministry of Finance Incorporated (MoFI).
The report also suggested that the development was linked to broader expectations around the company’s long-term growth strategy, including a possible public listing.
The claim gained further attention after a now-deleted post attributed to a presidential aide circulated online, repeating the alleged approval and figures involved in the investment plan.
Responding to the reports, Flutterwave dismissed the claims as inaccurate, insisting that no such investment has been approved or discussed with the Federal Government.
The company also rejected suggestions that it is close to any initial public offering, stressing that it has not made any announcement regarding a listing or IPO-related fundraising.
According to Flutterwave, the figures and timelines being circulated do not reflect its current position or any official engagement with government authorities.
It added that while it continues to focus on strengthening its operations and long-term growth, no IPO plans have been formalised or communicated.
Flutterwave remains one of Africa’s most prominent fintech companies, having attracted global investor interest over the years.
However, it has maintained that any move toward a public listing will be guided by internal readiness and market conditions, rather than external speculation.
