Tag: Vesti

  • Lawyer demands N100m from Vesti for disclosing financial details

    Lawyer demands N100m from Vesti for disclosing financial details

    A lawyer, Miss. Odunola Risikat Kehinde, has filed a fundamental rights enforcement suit against a United States–based financial technology company, Vesti Technology Solutions Inc., over the alleged unauthorised disclosure of her financial transactions on social media.

    Through her counsel, Olumide Babalola, Kehinde is asking the Federal High Court in Lagos to declare that the fintech firm’s action violated her constitutional right to privacy and the provisions of the Nigeria Data Protection Act, 2023.

    She is also seeking N100 million in general damages and a mandatory injunction compelling Vesti to delete the offending publication from its official X (formerly Twitter) handle, @VestiOfficial.

    In a 17-paragraph affidavit, Kehinde stated that she is a registered user of Vesti Technology Solutions, with account number VYS2085862. She explained that the company, headquartered at 1701 S. Bowen Road, Suite 450, Arlington, Texas, United States, offers digital financial services to Nigerian users.

    According to her, her ordeal began in September 2025 when she experienced difficulties accessing and withdrawing funds from her Vesti account. Despite several complaints, she alleged that the company failed to resolve the issue.

    Out of frustration, she took to social media to draw the company’s attention to her plight. However, instead of addressing her concerns privately, Vesti allegedly published her personal financial details online.

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    In the affidavit, Kehinde stated that on October 18, 2025, the company’s official handle, @VestiOfficial, posted:

    “We apologise for any inconvenience, and our customer success team is working to ensure all issues are resolved. However, to provide some clarity, here are some facts.

    “Below is a transaction summary for Kehinde Odunola / Active Period: September 17 to October… Contrary to your claim that you haven’t made any withdrawal in the past month, our records show that you have successfully withdrawn at least N1,000,000 within the last 30 days.”

    Kehinde said the publication, which was accessible to more than 200,000 followers globally, amounted to an unlawful exposure of her private financial records. She described the company’s action as “reckless, defamatory, and inconsistent with basic standards of data protection.”

    She added that the tweet remained online as of October 22, 2025, despite a formal demand letter from her solicitors dated October 20 requesting its removal.

    The applicant further alleged that Vesti’s failure to comply demonstrated negligence in safeguarding user data and a disregard for the Nigeria Data Protection Act, which mandates strict confidentiality of personal information.

    ‎Kehinde said the disclosure caused her emotional distress, embarrassment, and reputational harm among family, friends, and business associates. She also expressed fear for her safety following the public exposure of her financial information.

    ‎Attached to her affidavit were copies of the tweet (Exhibit K2), screenshots showing the continued publication (Exhibit K3), and proof of legal fees (Exhibit K8).

    ‎Her counsel argued that Vesti’s conduct violated her constitutional right to privacy under Section 37 of the 1999 Constitution (as amended) and breached Sections 24(1)(a) and 30 of the Nigeria Data Protection Act, 2023, which prohibit the unauthorised disclosure of personal data.

    ‎In her originating motion, Kehinde is seeking six reliefs, including declarations that the respondent’s conduct contravened her right to privacy under Section 37 of the Constitution, that the unauthorised disclosure was unfair and unlawful under the Nigeria Data Protection Act, and that the respondent breached its statutory duty to ensure the confidentiality and integrity of personal data.

    ‎She is also asking for an order compelling Vesti to delete all posts relating to her financial transactions, N100 million in general damages, and any other orders the court may deem fit to grant.

    ‎No date has been fixed for the hearing.

  • Fintech launches AI assistant for migrants, provides over N1billion travelling loans

    Fintech launches AI assistant for migrants, provides over N1billion travelling loans

    A financial technology hub and migration infrastructure company, Vesti, has launched an Artificial Intelligence-powered assistant to support students planning to travel overseas for education.

    Alongside the innovation, the company has provided over ₦1 billion in loan facilities to help migrants overcome challenges in accessing foreign education and other migration-related opportunities.

    Speaking at the inauguration of Vesti’s new branch in Osogbo, Osun State capital, the Co-Founder and Chief Executive Officer, Olusola Amusan, said the company was established four years ago with the mission of breaking barriers faced by immigrants in pursuing education and other prospects abroad.

    He explained “Our headquarters is in Dallas, Texas with offices in five countries including Nigeria. We are on a mission to provide legal and financial services for the 1billion immigrants. 

    “According to the United Nations on Migration, there are 272million people living in a country other than where they were born, so migration is a global imperative for work, education and many more.”

    Also, co-founder, Barrister Abimbola Amusan, disclosed that “the hub support outflow and inflow of migrant. We have helped hundreds of students and over 4,000 families to move to countries. We gave N500m loan in 2025 alone and in total we have given N1billion loan, we will give more.”

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    He noted that Vesti is partnering with over 120 schools across the world, hence they provide post migration support by providing job opportunities, scholarships, continuous guidance. 

    Earlier, Governor Ademola Adeleke lauded Vesti for establishing the company in Osogbo to make youths and residents of the state to benefit from the initiative. 

    Adeleke who was represented by his Special Adviser on Investment and CEO Osun State Investment Promotion Agency, Hon Felix Olagunju, said “the government has revived the agency which has go a long way to provide enabling environment for start-ups, we want more of this company in the state to make our youths’ dreams come true.”