Home BANK SENEGAL – Wari Kabirou Mbodj’s boss sentenced

SENEGAL – Wari Kabirou Mbodj’s boss sentenced

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Kabirou Mbodj @Capture page Facebook

Kabirou Mbodj, CEO of Wari, was sentenced to 6 months in prison with a suspended sentence and 1.5 billion in fine on Wednesday, 8 September 2021. Wari’s boss is being sued by his former partners in Tap Tap Send, a British-based money transfer company. The latter accused him of not respecting the contract between the two parties.

Kabirou businessman Mbodj lost his trial on Wednesday 8 September against «Tap Tap Send». This is bad news for the leader of Wari who has to put his hand in his pocket to pay dearly. He has to pay a fine of $1.5 billion. It all started with a contract that was signed between the two companies. In the document, Tap Tap Send undertook to set up a pre-financing deposit for its customers’ transactions and the unused amounts should be returned at its request. But Wari never returned the amounts claimed. Wari, who had been almost bankrupt for some time, is going through a very difficult time.

In his deliberation on 8 September, the judge of the Third Chamber of Corrections sentenced Kabirou Mbodje to a six-month suspended sentence. It will also have to pay CFAF 1.5 billion for repairs.

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Kabirou Mbodj, born in Lyon, France, is a Franco-Senegalese business leader, CEO and founder of Wari since 2008. He is also a triple champion of Senegal in horseback riding (1993, 2005, 2007).

In 2008, Kabirou Mbodj, Seyni Camara, Malick Fall and Cheikh Tague created Wari (which means “money” in bambara, a language from West Africa), a platform for payments and financial transfers. The Wari platform is hybrid, selling its own applications and those of its partners.

       

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