Financial technology company OPay has started legal action against individuals accused of spreading false claims that it would stop operating in Nigeria from September 1, 2026.
The company also said it had contacted relevant regulatory and security agencies about the publication. OPay stressed that its services remain fully operational and that it has no plans to leave the Nigerian market.
OPay addressed the issue on Wednesday during a live town hall attended by journalists, ambassadors and social media influencers. The meeting aimed to reassure customers, merchants and business partners following concerns raised online.
OPay Chief Technology Officer, Dotun Daniel Adekunle, said misinformation could harm customers who rely on the platform for financial services. He noted that companies supporting financial inclusion have a duty to protect public trust.
Adekunle said, “It’s important that when information is shared across public spaces, there has to be accountability and responsibility.
“We want to make it clear. OPay is here, OPay is operating, and OPay is going nowhere. The message circulating is false. There is no decision to shut down operations in Nigeria, and there is no indefinite leave.
“It’s September 2, and we’re still here
“Any message circulating that OPay is going on leave should be regarded as false information.”
He urged customers to confirm information through trusted sources before making financial decisions based on social media reports. He also said OPay operations were expanding, noting that the company opened more than 26 new offices across Nigeria this year.
OPay Chief Legal Counsel, Akinfolabi Rokosu, said the company had submitted evidence to the DSS and Police, which are investigating the matter. He said the fake notice appeared to be an official OPay statement and could cause fear, financial losses and damage to public confidence.
Rokosu said, “OPay is taking legal action against those responsible. We must sue them and ensure the law takes its full course. There would be no impunity.
“Freedom of expression doesn’t protect unlawful conduct, malicious falsehoods or deliberate attempts to cause financial harm.”
Do you think legal action is the best way for OPay to tackle false information online?
