Leatherback targets int’l growth as EFCC drops misconduct allegations

A financial services technology company, Leatherback, is targeting international growth through its offices in the United Kingdom (UK), Nigeria, Ethiopia, Canada, India, Pakistan, Nepal and Sri Lanka.

The company’s CEO, Toyeeb Ibrahim Ibitade, explained that the target was critical, especially as the Economic and Financial Crimes Commission (EFCC) had dropped all allegations of fraud and misconduct against the company.

Recall that in November, 2023, EFCC announced that it had been made aware of the possibility of fraudulent activities on the Leatherback platform and its CEO, leading to an investigation into the company’s operations to establish the facts.

Cooperating fully with EFCC and working transparently with the organisation’s officials to provide a forensic view of its operations, Leatherback said it was able to unequivocally prove its innocence, leading EFCC to drop all allegations and take down all previous communications on its website and social media platforms around the matter.

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Leatherback supported the EFCC investigation by making over 5,000 printed documents available to officials to enable as much clarity as possible, even as it also filed Suspicious Activity Reports (SARs) in the UK and Nigeria.

Reacting to the development, Ibitade, said, “I am relieved to see the end of this arduous episode, but I am even more delighted to see that I and Leatherback have been completely cleared of all wrongdoing.

“With this episode firmly behind us, we are poised to accelerate our mission to provide a single access point that empowers individuals and businesses to be truly global, delivering best-in-class financial, payment, and commerce solutions that remove barriers to global growth and mobility for all citizens of the world.”

Headquartered in London, Leatherback is regulated in the United Kingdom, Nigeria, Ethiopia, Canada, India, Pakistan, Nepal, and Sri Lanka, enabling the platform to effectively serve customers across a wide range of markets. Tens of thousands of individuals and businesses already use the platform to support business and lifestyle opportunities daily.