Nairobi, Feb. 10 -- The CEO and co-founder of Nigerian payments company Flutterwave, Olugbenga Agboola, flew into Kenya this week amid efforts to unfreeze his Sh6.6 billion and lift a Central Bank of Kenya (CBK) embargo on the firm.

In a space of just one year, the start-up has seen its Kenya operations - which was the second-largest market after Nigeria- brought to a halt, with the High Court freezing Sh6.6 billion on money laundering fears and the CBK ordering banks to cut links with the firm.

Mr Agboola landed in Nairobi to meet the firm's local team and seek an audience with the CBK, which in December asked his firm to make a fresh licence operation.

The CBK had in July ordered local banks to stop dealing with Flutterwave, arguing ...