STEP ASIDE

Ndichu brothers step down from Wapi Pay roles

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

In Summary

•Eddie Ndichu has been the CEO of Wapi Pay, while his twin brother Paul Ndichu was the Executive Director.

•The announcement comes a few hours after Eddie Ndichu stepped down as a board member of the Association of Fintechs in Kenya following a scuffle.

Ndichu Twin brothers
Ndichu Twin brothers
Image: courtesy

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.

Eddie Ndichu has been the CEO of Wapi Pay, while his twin brother Paul Ndichu was the Executive Director.

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

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

A video has been doing rounds of Ndichu and his twin brother Paul allegedly engaging in a scuffle at a city hotel on October 17.

In a personal statement, Eddie said he was saddened by the incident and that relevant authorities are handling the matter, promising to cooperate with them.

“For now, I have taken some time off to reflect on this embarrassing and unfortunate situation and will cooperate with all stakeholders to ensure a speedy conclusion of the matter,” he said.

The announcement of Ndichu brothers stepping aside comes a few hours after Eddie stepped down as a board member of the Association of Fintechs in Kenya following the scuffle.

The Board of the Association of Fintechs in Kenya, stated that it had taken note of the unfortunate allegations made against Eddie, adding that they were now subject to public discourse, particularly on social media platforms.

"On the 19th of October the Board convened a special meeting during which Mr. Ndichu stepped down as a board member pending formal investigations into the matter," the statement read.

"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," the statement further read.

Wapi Pay had earlier on defended its co-founders, stating that the two found themselves in a confrontation that they wanted to neutralise and defend themselves from certain aggressors.

The company termed the incident "unfortunate and distasteful" adding that it does not support any form of Gender-Based Violence.

"To be clear Paul and Eddie got involved in an attempt to neutralize a confrontation between two women and to defend themselves from certain aggressors," the company said.