OPay has said that the funds of its existing customers are secure, a reassurance from the fintech company following an order by the Central Bank of Nigeria (CBN) halting new customer acquisition.
The CBN has ordered several fintech companies, including OPay, PalmPay, Kuda Bank, and Moniepoint to stop taking on new customers in a move by the apex bank to address alleged illegal activities in the fintech sector.
OPay’s management has taken to X (formerly Twitter) to reaffirm its user base that it will continue to work closely with the CBN.
“Please note that existing accounts and wallets remain unaffected by the CBN’s directive. We want to assure our customers that their funds are secure, their data is protected and this is a temporary measure,” OPay said.
OPay said it supports the government’s efforts to clean up the financial industry, as a result, OPay and other Fintech companies have temporarily stopped onboarding new customers and creating new wallets.
OPay further said that its recent action demonstrates its dedication to maintaining a secure financial environment and combating illegal activities in fintech companies.
The fintech company further reassured its customers that their existing accounts and wallets are not impacted, and their funds are secure.
“Please note that existing accounts and wallets remain unaffected by the CBN’s directive. We want to assure our customers that their funds are secure, their data is protected and this is a temporary measure,” OPay said.
“OPay remains committed to working closely with the Central Bank of Nigeria (CBN) and other regulatory bodies to fight money laundering, fraud, terrorism financing, and other illegal financial activities,” the fintech company said.
OPay said it has taken a stance to adhere to the rules set by the CBN and other regulatory bodies. it also promised to close accounts that do not comply with these rules, and said it has implemented strict security measures to combat fraud.
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