Mar 12 • 15:12 UTC 🇳🇬 Nigeria Punch

OPay denies office closure, says NRS notice affects entire industry

OPay refutes claims of its office closures in Nigeria, stating that reports of non-compliance with tax obligations are false.

OPay Digital Services Limited has publicly denied allegations that its offices in Lagos and Abuja were shut down by the Nigeria Revenue Service (NRS) due to tax non-compliance. These claims surfaced on social media and were further propagated across various online platforms, alleging that OPay was not meeting its Value Added Tax (VAT) and Company Income Tax obligations under the Nigeria Tax Act 2025. OPay characterized these reports as both false and misleading, indicating a broader impact on the fintech industry due to the misconceptions surrounding tax regulations.

In its statement, OPay assured stakeholders that all of its offices throughout Nigeria are operational and that the company continues to deliver services to customers, partners, and merchants without any disruptions. This assertion aims to alleviate concerns that could arise among users and instill confidence in OPay’s compliance and operational integrity. The company emphasized its commitment to regulatory compliance and financial responsibility as a functioning entity in Nigeria's fintech ecosystem.

By addressing these rumors head-on, OPay attempts to mitigate potential damage to its reputation and maintain trust within the market. This incident highlights the vulnerabilities within the fintech sector, particularly pertaining to misinformation that can affect public perception and operational stability. OPay's proactive communication seeks to clarify its standing not just as a business entity but as an integral player in the evolving landscape of Nigeria's digital economy.

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