Opay, one of the fintech companies in Nigeria, has assured its customers of its integrity and commitment to fighting fraud, News About Nigeria reports.
The bank disclosed this statement on its X account on Tuesday.
This is coming amidst the directive of the Central Bank of Nigeria (CBN) for fintech banks to suspend the creation of new accounts following the decision of the Economic and Financial Crimes Commission (EFCC) to take action against 1,146 bank accounts involved in unauthorised forex dealings.
Recall that earlier on, Kuda Bank, Moniepoint, Palmpay, and Opay halted new account openings for customers in response to the aforementioned directive from CBN.
Reacting to the directive, Opay reiterated its commitment to fighting fraud and illegal financial activities.
The bank noted that it has taken steps to ensure its integrity, including closing non-compliant accounts, implementing strict security measures, and educating customers to help combat fraud.
“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.
“As a regulatory-compliant institution, OPay follows the rules set by the CBN and other regulators to ensure the financial system’s integrity. To achieve this, we have closed non-compliant accounts, implemented strict security measures, and educated customers to help combat fraud.
“To support government efforts to clean up the financial industry, Opay and other fintech companies have temporarily paused onboarding new customers and creating new wallets. This action reflects our commitment to a secure financial environment and fighting against illicit activities,” the statement reads in part.
It, however, stated that existing accounts and wallets remain unaffected by the CBN’s directive and assured its customers that their funds are secure and their data is protected.
