Leading Nigerian fintech platform OPay has officially involved law enforcement and security agencies to track down and prosecute those behind a viral social media message falsely claiming the company would cease operations in Nigeria.
Speaking during a live-streamed press conference on Wednesday, September 2, 2026, originating from Lagos, executives addressed the false post that began spreading on Sunday. The viral rumor urged users to withdraw their funds before September 1, 2026, alleging that the digital bank planned to shut down indefinitely.
Addressing the public, OPay’s Chief Legal Counsel, Akinfolabi Rokosu, confirmed that the Department of State Services (DSS) and the Nigeria Police Force are actively conducting intensive investigations into the source of the misinformation.
”While the DSS and the Nigeria Police, among the relevant law enforcement agencies, are currently and intensively investigating this matter, we are fully cooperating with the ongoing investigations and have provided the necessary evidence to identify those responsible,” Rokosu stated. “OPay is taking action against those responsible for creating and circulating this harmful information. We will pursue them and ensure that the law is fully enforced.”
Also speaking at the press briefing, OPay’s Chief Operating and Technology Officer, Dotun Adekunle, directly debunked the claims, pointing out that operations remain smooth and fully functional.
”OPay is here, OPay is operating, and OPay is going nowhere,” Adekunle emphasized, cautioning users against fabricated digital graphics. “A message can look official and still be completely false. A logo can be copied, a document can be designed to look convincing, and a message can be shared thousands of times without becoming true.”
Olalekan Disu, Financial Secretary of the Association of Licensed Mobile Payment Operators, noted that false reports targeting major payment operators threaten public confidence in Nigeria’s digital payment ecosystem and urged users to verify claims through verified channels.
OPay reassured its millions of customers and merchants nationwide that their funds remain secure and urged the public to rely exclusively on official communication handles for updates.
