Eddie Ndichu Steps Down from Kenya’s Fintech Board

Wapi Pay board of directors has announced that the company’s founders; Eddie and Paul Ndichu will be stepping down from their roles, to allow for investigations into assault allegations.

Wapi Pay co-founder Eddie Ndichu stepped down as board member of the Association of Fintechs in Kenya (AFK) pending formal investigations into allegations that he assaulted a woman in Nairobi’s Ole Sereni hotel.

The Board of the Association of Fintechs in Kenya in a statement issued Tuesday said it had taken note of the unfortunate allegations made against him “now subject to public discourse, particularly on social media platforms.”

“The Board takes this opportunity to state that it regrets the current circumstances and does not in any way condone gender-based violence or violence of any kind,” Mr Ali Hussein, AFK Board Chair and Munyi Nthiga, the Secretary said in the signed joint statement.

Eddie Ndichu and his twin brother Paul Ndichu face assault allegations punishable in law.

The statement was announced after Kepple Africa, said it will pull out its investment from Wapi Pay.

Step down from Wapi Pay roles

Eddie and Paul Ndichu will also be stepping down from their roles as CEO and Executive Director of the company.

In a statement, the board said the company’s CEO role will be taken up by Chief Operating Officer Elizabeth Kariuki in an interim capacity.

“The Board commits to conclude this matter within the next 30 working days,” read the statement.

In addition, the Association of Media Women in Kenya (AMWIK) raised concerns on the rising gender-based violence cases and reporting concerns on social media platforms.

“Gender-sensitive reporting demands that we report issues and persons involved without dragging their innocent members not connected to their reprehensible actions. Such actions only serve selfish interests and reinforce stereotypical reporting,” AMWIK said while cautioning citizens to use social media responsibly.