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🇳🇬 Nigeria /Economy & Trade

OPay committed to driving financial inclusion through technology – COO

From The Punch · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Under investigation
  • OPay says it remains fully operational in Nigeria and has no plans to suspend or end its services.
  • The fintech held a Lagos town hall after false social media claims said it would stop operating from September 1.
  • OPay says it is taking legal action, while the Department of State Services and Nigeria Police Force investigate the alleged misinformation.

OPay says it is “here” and “going nowhere” after false online claims suggested that the Nigerian fintech would shut down its operations.

The company held a live town hall in Lagos to address the misinformation and reassure customers, merchants and partners. Senior executives, industry stakeholders and media representatives attended the event.

OPay is here, OPay is operating, and OPay is going nowhere. The message circulating online is false. There is no decision by OPay to shut down its operations in Nigeria, and there is no indefinite leave.

· Dotun AdekunleOPay’s chief operating officer and chief technology officer addressed false shutdown claims at a Lagos town hall.

Dotun Adekunle, OPay’s chief operating officer and chief technology officer, said, “OPay is here, OPay is operating, and OPay is going nowhere. The message circulating online is false. There is no decision by OPay to shut down its operations in Nigeria, and there is no indefinite leave.”

Adekunle said the company remained fully operational on September 2, with all services running normally. He urged Nigerians to rely on OPay’s official communication channels before making financial decisions based on online messages. He also said the Central Bank of Nigeria had described the claims as fake news.

OPay is taking legal action against those responsible for deliberately creating and circulating this false information. We will pursue them and ensure that the law takes its full course. There will be no impunity.

· Akinfolabi RokosuOPay’s chief legal counsel described the company’s response to the alleged misinformation.

OPay’s chief legal counsel, Akinfolabi Rokosu, said the company had begun legal action against those accused of creating and spreading the claims. “OPay is taking legal action against those responsible for deliberately creating and circulating this false information. We will pursue them and ensure that the law takes its full course. There will be no impunity,” he said.

Rokosu said the Department of State Services and Nigeria Police Force were investigating and that OPay had provided evidence. He said the action was not intended to suppress criticism: “This is not about silencing anyone. It is about accountability, customer protection, and respect for the rule of law.”

This is not about silencing anyone. It is about accountability, customer protection, and respect for the rule of law.

· Akinfolabi RokosuRokosu said the legal response was not aimed at suppressing criticism.
About this summary

Originally published by The Punch. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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