Opay, a leading fintech bank in Nigeria has urged their customers to remain calm reassuring them that their funds are safe and sound.
This was disclosed by Opay via their official X handle on Tuesday.
This follows the Central Bank of Nigeria’s directive of stopping at least four fintech banks from new account openings for customers.
The post reads “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 stressed that it is committed to working closely with the CBN to combat money laundering, fraud, terrorism financing, and other illicit finance activities,
Recall that the CBN had directed Opay, Palmpay, Kudabank, and Moniepoint to stop accepting new customers at this time till further notice.
The CBN is attempting to force Nigerian fintech companies to review their Know Your Customer processes, which would lead to a temporary suspension of accepting new clients.
This suspension of new account openings for the mentioned fintechs follows the Economic and Financial Crimes Commission (EFCC) taking action against 1,146 bank accounts involved in unauthorized forex dealings.
Meanwhile, OPay said it has closed non-compliant accounts, implemented strict security measures, and educated its customers to prevent fraud and ensure the financial system’s integrity.
