This actually happened. It's documented in court filings.
MTN launched MoMo PSB in May 2022. One of Nigeria's most anticipated fintech products. CBN licensed. Heavily backed.
Seven days after launch, a system glitch triggered 700,000 unauthorized transactions.
₦22.3 billion was transferred to 8,000 accounts across 18 Nigerian banks.
MTN shut the service down on May 25 after noticing the transfers. Resumed within 24 hours. Then sued all 18 banks case No. FHC/L/CS/960/2022 to recover what was left.
By the time it was over, ₦10.5 billion was gone for good. The rest recovered through courts.
The painful part:
This was not a sophisticated attack.
It was a system integration glitch the kind that happens when you rush infrastructure to market without exhaustive edge case testing.
MoMo was connected to partner bank platforms.
Something in those integrations broke and you know in fintech, a broken integration does not just throw an error.
It moves money.
In seven days ₦22 billion gone. 700,000 transactions that were never supposed to happen.
Test your integrations like lives depend on it.
Because in fintech, money does.
It may not feel clear right now. Progress looks slow, and the bigger picture seems distant.
But stay with it. Trust the process, keep showing up, and let the pieces fall into place.
Momentum is closer than it feels.
Wishing you strength, clarity and wins this Q2. #stayblessed
Is Afrobeats failing?
The real question now is something much bigger.
What happens when Nigeria finally decides to build the system that this industry deserves?
The X monetization team are struggling to figure out how to avoid paying Nigerians in a way that does not demonetize their people. That was what the geo change was all about - they figured out that X monetization was a big transfer of cash from 1st to 3rd world.
The real transformation happens in the unseen hours. That's where discipline is built, where growth is real, and where everything begins to compound.
#keepgrinding#godbacked#keepwinning
The Journey - Zechariah 4:10
I've learned to appreciate starting from the bottom.
There's a different kind of strength that comes from moving quietly, staying focused, and building without needing attention.
Most times, I'm so locked in that I don't even stop to measure the distance covered or the progress made. But over time, l've realized success isn't defined by applause or visibility, it's defined by consistency and the journey itself.
Most shipment delays aren’t random.
They’re caused by:
• Invoice & packing list mismatches
• Wrong HS codes
• Missing country of origin
• Incomplete consignee details
Customs relies on accurate documentation 📄
Get the paperwork right. Ship smarter. ✈️🌍
Happy Valentine’s Day❤️💚
Shipping is an act of trust and we don’t take it lightly. 💚❤️✈️
This Valentine’s Day, we celebrate every exporter who trusts ShipAfrica with their goods.🌟
We handle your shipments with care, precision, and commitment.❤️
Life is such a funny thing.
You kidnapped a medical doctor and his brother.
Demanded for 100M naira, killed the younger brother in the process and released the doctor after a ransom of millions of naira was paid.
Now your own child is sick, you rushed her to the hospital and guess who attended to the child?
The same doctor you kidnapped and almost killed.
To everyone who prayed and contributed for the safe release of Dr Abu Tunde, the HO who was kidnapped in Auchi, God bless you all, his abductors have been arrested at the hospital where he was met to attend to their own child.
I pay ~₦51,279/month for work/productivity subscriptions.
- Claude AI: $20 (₦28,380)
- Google One: ₦1,900/month
- Youtube Premium: ₦1,700/month
- Linkedin Premium: ₦11,699/month
- X Premium: ₦7,600/month
5 years ago, I would've called this wasteful.
Now I understand that:
Free tools = You're the product
Paid tools = The tool works for you
At a point in your career, free plans can't get the job done.
Pay for tools that work, or stay limited by free versions.
Still shipping this December? ⏰📦
There’s still time.
December is busy, but we’re still moving shipments fast.
Send your packages now and beat the final rush.
👉 https://t.co/8ueUJV8UbC
#DecemberShipping#ShipAfrica#HolidayShipping
December deals are loading…✨
We’ve cooked up something special: shipping discounts, gift-friendly rates and festive surprises to make your end-of-year deliveries even smoother.✈️🎄
👉 https://t.co/8ueUJV8UbC
We just concluded Black Friday - Cyber Monday. My personal top four highlights:
1. We crossed 52k orders in a day
2. Our vendors grossed N642M in the whole of 2022. Last weekend, they hit N1.4B!
3. We hit 115 orders per minute!
4: A rider earned 205k in the four days!
We wrote about it here - https://t.co/pX0yhd4t3a