E-Business
Kenyan Court Freezes Accounts of Flutterwave, Others for Alleged Money Laundering

A Kenyan high court has reportedly frozen the accounts of Futterwave, a Nigerian fintech, among over alleged money laundering.

A total of 56 bank accounts holding a whopping Sh7 billion suspected to have been laundered by foreign nationals were frozen by the court.
The orders were issued after the Asset Recovery Agency (ARA) told the court that the accounts for seven targeted companies were used as conduits for money laundering in the guise of providing merchant services, The Star, a Kenyan based newspaper reported.
According to the report, the accounts that have been frozen are in USD, British Pound Sterling, EURO and Kenya shillings.
The companies listed are Flutterwave payment technology limited, Boxtrip travel and tours limited, Bagtrip travel limited, Elivalat fintech limited, Adguru technology limited, Hupesi solutions, Cruz ride auto limited and one Simon Ngige.
According to the court documents, Flutterwave was registered on February 23, 2017.
Its directors are listed as Olugbenga Agboola, David Mouko (Kenyan) and Flutterwave Inc.
The company operated 29 bank accounts with Guaranty Trust Bank, 17 with Equity Bank and 6 with Ecobank.
The Agency says the company’s account received billions of shillings and the same was deposited in different bank accounts in an attempt to conceal the nature, source or movement of the funds.
“Investigations established that the bank accounts operations had suspicious activities where funds could be received from specific foreign entities which raised suspicion. The funds were then transferred to related accounts as opposed to settlement to merchants,” the agency said.
In an affidavit, Isaac Nakitare, an investigator with the agency says they obtained orders on April 4 this year to search and inspect the accounts.
Nakitare says by the time he obtained the orders, the accounts at Guaranty Trust bank belonging to Flutterwave had a balance of Sh5.3 billion, Sh1.4 billion at Equity bank and other millions at Ecobank.
Some of the funds he said were transferred into fixed deposit accounts.
The agency, according to the report, ffurther established that Flutterwave was concealing the nature of its business by allegedly providing a payment service platform without authorization from the central bank of Kenya as required by section 12 of the national payment system act.
The accounts he said were used as conduits for money laundering in the guise of providing merchant services.
“If indeed the Flutterwave was providing merchant services, there was no evidence of retail transactions from customers paying for goods and services. Further, there is no evidence of settlements to the alleged merchants,” he said.
The company’s Equity account number revealed that at some point in May 2021, it received 185 online card payments all sharing the same bank identification number.
The transactions were done using cards issued by the same bank at the same point on the same day raising suspicion of card fraud.
For instance, ARA says the Flutterwave equity USD Bank account was opened in November 2020.
The funds received were mainly from Flutterwave Inc.
Between 2020 and 2022, the account received approximately Sh12 billion and the funds were either transferred to Remix ltd while the rest were invested in a fixed deposit account.
Justice Maina further issued orders stopping Boxtrip travels and tours limited from transferring or withdrawing 3.9 million dollars (Sh460 million) held in his Eco bank account
The Director of Boxtrip travels and tours the director is listed as Enyioma Olufemi a Nigerian national.
“It received the money from Flutterwave ltd in two days. That is 27 to 28 April this year.”
“No explanation nor supporting documents were provided to justify the transactions therefore reasonable grounds to believe that the accounts were used as conduits for money laundering,” said ARA.
For Bagtrip travels, the court froze its account holding Sh425 million shillings.
The director of the company is listed as Taiwo Soyemi, a Nigerian National.
It received the monies from Flutterwave ltd and rainbow solution technology on 28 April and 6 May 2022.
A further Sh1.2 million belonging to Elivalat Fintech Limited was frozen.
Some of the monies were transferred to Tiware Adrian Simon who is one of the directors at Elivalat ltd and to Muoko David who is one of the directors of Flutterwave ltd.
For Aduru technology limited, the court froze Sh100 million held in its Equity account.
The directors of the company are listed as Adaeze Okonkwo, and Caroline Muchina, wife to David Muoko who is a director of Flutterwave.
For Hupesi solutions, the court preserved the Sh1.6 million held in its Equity account.
Th proprietor of the company is listed as Festus Mutuku.
The documents indicate that the company’s equity account received a total of Sh143m of which 54 million was transferred to Flutterwave payments, 45 million transferred to GC Natural PL and internal transfers of Sh26 million.
The transactions were done in tranches of below Sh1 million to avoid reporting threshold.
But by the time the agency obtained orders to freeze, only 1.6 million was left in the account.
The court preserved another Sh2.4 million held in the account of Crus ride, a motor vehicle dealer.
The company is said to have received the monies from Flutterwave on June 6. The funds were later transferred to Simon Ngige.
“The account had been dormant and had not received any funds from September 2021 to May 2022. However, in June 2022, the account received 269,000 US dollars (31.7 million shillings),” said ARA.
The documents indicate that Ngige received 452000 US dollars (Sh53.3 million) in his KCB account from Flutterwave, Cavin solutions and Cruz ride auto.
On 24 June, Ngige transferred 200,000 US dollars (SHS 23.6 million) to his KCB account. The court stopped him from transferring Sh14 million left in his account
“An analysis of the statements of accounts established that the accounts received suspicious deposits that indicate smurfing activities hoping to evade detection,” said ARA.
The orders granted by the court will be in force for a period of 90 days.
The case will be mentioned on November 7, the report said.
E-Business
Kaspersky Brings AI-driven Context to Cloud Workload Security

Kaspersky has updated its Cloud Workload Security (CWS) offering, introducing AI-powered workload analysis, enhanced integrations and performance optimisations designed to help organisations better secure complex cloud and hybrid environments.

The latest update brings integration with OpenAI API in the Kaspersky Container Security (KCS) part of the offering, also resulting in the creation of a new Advanced Pro license within the product.
The new capability provides contextual descriptions of detected vulnerabilities and potential risks, helping accelerate investigations, reduce knowledge gaps and support faster decision-making.
Designed for modern DevOps and hybrid cloud environments, Kaspersky CWS provides centralised visibility across workloads, Kubernetes clusters and cloud platforms, while supporting runtime protection, shift-left security practices and regulatory compliance requirements.
AI-driven visibility and improved workload protection
The update allows organisations to enrich container image scanning results with automated explanations and risk context generated by third-party large language models integrated via OpenAI API. By transforming technical scan data into actionable insights, the feature helps teams prioritise remediation and streamline security operations.
Additional improvements include single sign-on (SSO) integration and multi-domain Active Directory support, enabling more seamless deployment across distributed enterprise environments.
To optimise performance, Kaspersky CWS now also enhances image scanning efficiency by skipping oversized images when needed and avoiding rescans of identical images within a predefined timeframe. Expanded security policy capabilities and UX/UI updates further simplify workload protection and policy management.
Enhanced protection across cloud environments
The new release also updates Light Agent components, now leveraging the latest versions of Kaspersky Endpoint Security for Windows (version 12.12) and Kaspersky Endpoint Security for Linux (version 12.4) to improve overall security and integration capabilities.
“As AI adoption accelerates across industries, organisations are increasingly relying on containerised environments – placing additional pressure on security teams.
“To help ease this burden, we introduced AI integration within Kaspersky Cloud Workload Security that enables security professionals, including those just beginning their journey in container security, to make faster decisions and gain deeper insight into potential risks and vulnerabilities,” comments Anton Rusakov-Rudenko, Senior Product Marketing Manager, Cloud & Network Security at Kaspersky.
“Combined with performance optimisations and expanded integration capabilities, the solution helps organisations to protect cloud environments more efficiently while maintaining operational resilience.”
E-Business
SARS Denies Being Hacked by Nullsec Nigeria, Hacker Group

South African Revenue Service (SARS) has dismissed claims that its systems were breached, following allegations by a hacker group that it had compromised the tax authority’s digital infrastructure.

The controversy emerged after Nullsec Nigeria, a threat actor also known as Anonymous Nigeria, claimed to have breached both SARS and the State Information Technology Agency (SITA).
The hacktivist group allegedly posted links to download what it claimed was compromised data on the Breached hacker forum on Saturday, 23 May 2026, sparking concerns over a possible cyberattack targeting government systems.
However, SARS said it had conducted a thorough investigation into the claims and found no evidence that its systems had been compromised.
“SARS continuously monitors its systems for any suspicious activity and has conducted a thorough investigation in response to these reports. These claims are false and unsubstantiated,” the revenue service said in a statement.
“At this stage, there is no evidence that SARS’s systems have been compromised. SARS wishes to reassure the public regarding the integrity of its systems.”
The tax authority stressed that safeguarding taxpayer information remains one of its core responsibilities and forms part of its broader efforts to maintain public confidence in South Africa’s tax administration system.
SARS said the “protection of taxpayer information and the security of its digital platforms” is treated as “sacrosanct”.
The agency also urged South Africans to avoid sharing unverified claims and instead rely on official channels for accurate information.
“Members of the public are urged to verify information before sharing and not to circulate unverified claims or rely on information from unofficial sources,” SARS said.
At the same time, SARS warned taxpayers to remain vigilant against phishing scams and fraudulent messages falsely claiming to be from the tax authority.
For guidance on identifying scams and phishing attempts, SARS directed the public to its official online resource page: SARS scams and phishing guidance
SARS said it would continue monitoring its digital environment and communicate any developments through official platforms should the need arise.
E-Business
Pope Calls for ‘Disarming’ of AI, Warns of “New Forms of Slavery”

Pope Leo XIV called Monday for the “disarming” of artificial intelligence in his long-awaited manifesto on the rapidly developing technology, and warned of “new forms of slavery” behind its rise.

Leo, warned against “a race for ever more powerful algorithms and larger datasets, driven by the desire to secure geopolitical or commercial dominance”.
He presented his first encyclical, “Magnifica Humanitas” (Magnificent Humanity) in person at the Vatican, alongside AI experts including Christopher Olah, co-founder of US giant Anthropic.
Anthropic is embroiled in a legal battle with the US military after opposing the use of its technology for lethal autonomous warfare and mass surveillance.
At the presentation, Olah said AI companies operate “inside a set of incentives and constraints that can sometimes conflict with doing the right thing”.
He welcomed input from outside actors like the Catholic Church, to “push events in a better direction” saying that “the questions raised by AI are bigger than the AI research community”.
In the encyclical, Leo also sounded the alarm over AI-directed weaponry, saying it was “not permissible to entrust lethal” decisions to tech.
Leo has repeatedly clashed with the White House over the Iran war and its use of religion to justify conflict.
The “just war” theory — espoused recently by the Trump administration — was “outdated”, Leo wrote, adding that “no algorithm can make war morally acceptable”.
AI could be worth up to $4.8 trillion by 2033, a 25-fold increase in a decade, while concentrating its profits in the hands of a limited few, according to the United Nations.
“Disarming AI means freeing it from the mentality of ‘armed’ competition,” the pope wrote.
“To disarm does not mean rejecting technology, but preventing it from dominating humanity,” Leo wrote.
AI should be “human-friendly”, accessible to all, and open to discussion and debate, he added.
The head of the world’s 1.4 billion Catholics has made the hot-button issue a cornerstone of his papacy by dedicating to it his first encyclical — a document that lays the basis for Church teaching and longer-term debate.
The manifesto references a range of cultural giants, from Greek philosopher Plato to Beethoven and his Ninth Symphony, even citing a character from JRR Tolkien’s “The Lord of the Rings”.
“Magnifica Humanitas” was signed on May 15, the 135th anniversary of an 1891 encyclical by Leo XIII, which laid the foundations of the Church’s social doctrine during the Industrial Revolution.
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