Plaude demands takedown, apology over $4.2m cross-border transaction report

By Innocent Anaba
Plaude Technologies Limited and its Director, Mr. Olatomiwa Idowu, have demanded the immediate removal, retraction and public apology over a Technext report concerning an alleged $4.2 million cross-border transaction, threatening to institute a N500 million libel action if the demands are not met within 48 hours.
The demand was contained in a letter dated August 18, 2026, by Adejumo & Ekisola, legal practitioners to Plaude and Idowu, and signed by Olumide Ekisola, SAN.
The lawyers were responding to a Technext publication titled, “EXCLUSIVE: What happened to $4.2 million in a cross-border transaction involving Plaude Technologies?” authored by Omoleye Omoruyi.
Th...