OPay: We Are Going Nowhere, Shutdown Rumour Is False
By Aboki Forex —
OPay has dismissed viral social media reports claiming it will suspend or shut down its Nigerian operations. The fintech says its services remain fully operational and has urged customers to trust only its official channels.
The company gave the clarification at a Town Hall meeting held in Lagos on Wednesday, September 2, 2026. Management used the event to address what it called false information spreading online, with OPay executives, industry stakeholders, media representatives and business partners in attendance.
No Plan to Shut Down
Speaking at the event, Dotun Adekunle, OPay’s Chief Operating Officer and Chief Technology Officer, said there was no plan to close shop in Nigeria.
“OPay is here, OPay is operating, and OPay is going nowhere,” Adekunle said, describing the online message as false.
He explained that the misleading message claimed OPay would cease operations from September 1 and go on an indefinite leave. But the fintech remained operational on September 2, with customers and merchants accessing services as usual.
CBN Calls It Fake News
Adekunle also said the Central Bank of Nigeria has acknowledged the circulating message as fake news. He advised Nigerians to be cautious about social media claims that could influence financial decisions, urging them to rely on OPay’s verified communication platforms for accurate information.
OPay said it would not ignore deliberate misinformation capable of creating panic, causing financial losses or undermining confidence in Nigeria’s financial system. The company reassured customers and merchants that they can continue using its services normally, and encouraged the public, media organisations and social media users to verify claims before sharing or acting on them.
Long-Term Commitment
OPay maintained that its continued investments in technology, financial education, digital payments and financial inclusion show its long-term commitment to the Nigerian market. It says it remains focused on delivering reliable digital financial services, supporting businesses and consumers, investing in young people and contributing to the growth of the country’s digital economy.
The clarification comes as OPay plans to list its shares on the Nigerian Exchange, giving local investors access to one of Africa’s biggest fintech companies. The fintech processed $358bn in gross transaction value in 2025, more than double the previous year, as revenue jumped 161% to $536.3m.
OPay is also working with Citigroup, Deutsche Bank and JPMorgan Chase on a separate US IPO that could value the company at about $4bn.
For Nigerian businesses and consumers, the swift response matters. A false shutdown rumour against a major digital payments provider could have triggered panic and disrupted transactions. OPay’s public clarification, backed by the CBN, helps maintain trust in the fintech system and keeps the focus on the company’s expansion plans.