OPay Makes Fresh Promises To Nigerians, Reveals Major Plans

Financial technology company OPay has commenced legal proceedings against individuals it accused of circulating a fake announcement claiming that the company would shut down its operations in Nigeria from September 1, 2026.

According to Bush Radio Academy, OPay has also contacted relevant regulatory, law enforcement and security agencies over the alleged misinformation, while assuring customers, merchants and business partners that its services remain fully operational.

The company addressed the controversy during a live town hall meeting held on Wednesday following widespread concerns generated by the purported shutdown notice on social media. The event brought together journalists, OPay ambassadors and social media influencers as the fintech sought to clarify the situation and reassure its users.

OPay’s Chief Technology Officer, Dotun Daniel Adekunle, expressed concern over the potential consequences of misinformation, particularly for customers who rely on the platform for their daily financial transactions.

Adekunle stressed the importance of accountability when sharing information publicly, noting that false claims about financial institutions could undermine public confidence and create unnecessary panic.

He categorically dismissed the shutdown report, stating that OPay remains operational in Nigeria and has no plans to leave the country.

Adekunle also advised customers to verify information through credible and official channels before acting on claims circulating on social media.

Rather than reducing its operations, he said the company had continued expanding its physical presence across Nigeria, revealing that more than 26 new offices had been opened during the year.

Providing further details on the matter, OPay’s Chief Legal Counsel, Akinfolabi Rokosu, said the company had submitted evidence to the Department of State Services and the Nigeria Police Force, which are investigating the origin and circulation of the alleged fake notice.

Rokosu said the message was deliberately presented as though it were an official communication from OPay, describing it as potentially capable of causing fear, financial losses and damage to confidence in the financial institution.

He confirmed that OPay was cooperating with the ongoing investigation and had commenced legal action against those allegedly responsible for circulating the false information.

According to him, the company would pursue the matter through the appropriate legal channels, stressing that social media users cannot rely on freedom of expression as protection for deliberate misinformation or unlawful conduct capable of causing financial harm.

OPay therefore urged Nigerians to disregard the alleged shutdown notice and continue to rely on verified channels for information concerning the company’s operations and services.