“Withdraw All Your Money, We’re Shutting Down” — Nigerian Crypto Firm Gives Customers 2-week Deadline

Nigerian crypto-based fintech company Lazerpay is shutting down operations after unsuccessful fundraising attempts.

In a statement issued via its official Twitter handle on Thursday, the CEO, Njoku Emmanuel, said Lazerpay ceased operations after multiple futile efforts to raise funds for the business’s survival.

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Lazerpay Founder and CEO Emmanuel Njoku, in the tweet, said: “Today, we announce the difficult decision to cease operations at Lazerpay. Despite our team’s tireless efforts to secure the necessary funding to keep Lazerpay going, we were unable to close a successful fundraising round.

We fought hard to keep the lights on as long as possible, but unfortunately, we are now at a point where we need to shut down.”