The Central Bank of Nigeria (CBN) has recently refuted false claims circulating online about the suspension of Fintech companies’ accounts, including OPAY and PALMPAY. According to the apex bank, these rumors are nothing but fake news.
Despite rumors suggesting otherwise, the CBN has not suspended the accounts of any Fintech companies in Nigeria.
The Acting Director, of Corporate Communications of CBN, Isa AbdulMumin, on Friday, March 24, 2023, in Abuja described the viral news as “simply fake’’.
The report which was credited to AbdulMumin claimed that the CBN was about to suspend accounts of the Fintech companies because they were being used to perpetrate fraud.
The viral news partly read, “Please if you are using OPAY, PALMPAY or any of these CHINA APPs or their POS, stop keeping much money in the account or stop using it.
The CBN is about suspending their accounts because these apps are being used to perpetrate fraud.”
Similarly, OPAY and PALMPAY had in separate social media messages denied being under the radar of the CBN.
OPAY had stated that “the post mentioning the CBN shutting down our operations is false and misleading to the general public.”
PALMPAY also posted a similar disclaimer stating that “We are aware of news currently being spread on social media about CBN shutting down the operations of PALMPAY.”
