Opay president Olu Akanmu steps down after two years

Alex Omenye
Alex Omenye

Olu Akanmu has stepped down as the president and co-CEO of OPay Nigeria, according to a statement he posted on his Twitter profile on Monday.

“My gratitude to all my colleagues at Opay for the good work we did together in deepening financial inclusion in Nigeria, ensuring that less and less number of our people are left behind in partaking out of the opportunities of the digital financial system. Many thanks also to all our ecosystem partners and enablers who complimented us, without which we would not have been able to deliver on the lofty mission of OPay which is to ‘deepen financial inclusion through technology’,” Akanmu tweeted in the statement.

The former executive director at FCMB joined the Nigerian division of the Chinese-backed fintech in November 2021, and due to its infrastructure, Opay under his guidance experienced substantial development despite Nigeria’s cash shortage.

Opay claimed in the first quarter of 2023 to have 30 million registered users.

Akanmu stated in his statement that additional work must be done by all parties involved in order to guarantee that the digital financial system leaves no one behind despite Opay’s victory.


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