OPay Denies Nigeria Exit Rumors, Reassures Users

What OPay Said

Dotun Daniel Adekunle, OPay’s Chief Operating Officer, addressed reporters on Wednesday, September 2. He stated the company is fully operational and has no plans to cease activities in Nigeria.

The denial follows social media rumors urging customers to withdraw their funds. OPay first responded with an online video on Tuesday, September 1, debunking the claims before Adekunle’s press remarks the following day.

Adekunle pointed to OPay’s continued stability as evidence against the rumors, noting that despite claims of a September 1 shutdown, transactions continued normally the next day. “We are here, we are not running with your money, we are gidigba,” he said. OPay has also engaged regulatory agencies over the misinformation, which reportedly confirmed the online claims are false.

Legal Action on the Table

Akinfolabi Rokosu, OPay’s lawyer, announced the company will pursue legal action against those responsible for spreading the false information. Rokosu also pointed to OPay’s continued investment in Nigeria as a counter to the exit narrative, noting the company has opened 26 new offices across the country this year alone while managing millions of transactions daily.

Nigerian Companies Keep Getting Targeted

This isn’t an isolated incident. May & Baker, MTN, and Wema Bank have all dealt with similar false rumors spread via social media in recent memory, part of a broader pattern of disinformation targeting Nigerian businesses. Organizations like the BBC have established dedicated teams globally just to combat the spread of fake news online, a sign of how widespread the problem has become.

OPay’s Footprint in Nigeria

Established in 2018, OPay quickly became a leading mobile money operator in Nigeria. It now serves nearly 50 million customers, supports one million merchants, and employs 7,000 staff. The platform is known for fast transaction confirmations, a feature that has helped it compete aggressively in Nigeria’s crowded fintech space.

Beyond Nigeria, OPay has expanded into other emerging markets including Indonesia, Pakistan, and Egypt. The company says it continues to operate at full scale despite the recent rumors.