The Federal High Court in Lagos has adjourned the trial of a businesswoman, Iwegue Ijeoma Ruth, accused of stealing ₦2.9 billion from fintech company Flutterwave Technologies Solutions Limited.

Ruth is facing a five-count charge filed by the office of the Inspector General of Police, including conspiracy, stealing, fraudulent conversion, and advance fee fraud.

According to court documents, Ruth and an alleged accomplice — still on the run — reportedly gained unauthorized access to Flutterwave’s financial portals between February 5 and 7, 2023. Investigators say the suspects moved ₦2,949,557,867.80 into various accounts linked to Ruth’s associates.

Authorities also allege that Ruth personally received ₦821,383,600 into two of her bank accounts, fully aware that the money came from illegal activities.

The prosecution stated that the offences violate provisions of the Advance Fee Fraud and Other Fraud Related Offences Act, 2016.

The court has scheduled November 4, 2025, for the continuation of the trial.