Opay, a significant financial services provider in Nigeria, has reassured its customers about the security of their cash in the wake of the Central Bank of Nigeria’s (CBN) instruction to prohibit the registration of new accounts.
The suspension of new account openings for the aforementioned fintechs comes on the wake of the Economic and Financial Crimes Commission (EFCC) taking action against 1,146 bank accounts implicated in unauthorised FX transactions.
In a post on its X account on Tuesday, the bank stated that it is committed to combating illegal financial activity in the country.
It reads: “Opay is dedicated to collaborating with the Central Bank of Nigeria (CBN) and other regulatory organisations to combat money laundering, fraud, terrorism financing, and other unlawful financial activity.
“As a regulatory-compliant organisation, OPay adheres to the standards established by the CBN and other regulators to protect the financial system’s integrity. To do this, we have cancelled non-compliant accounts, deployed stringent security measures, and educated users to resist fraud.
“To support the government’s attempts to clean up the financial system, Opay and other Fintech businesses have temporarily suspended new customer onboarding and wallet creation. This move demonstrates our commitment to maintaining a safe financial environment and combating criminal behaviour.
Opay
“Please take notice that the CBN’s decision has no effect on existing accounts or wallets. We want to reassure our clients that their funds are secure, their data is safe, and that this is a temporary precaution.
“Customer satisfaction is our top priority, and we are committed to promoting financial inclusion and economic growth as key players in Nigeria’s financial ecosystem.”
Source: vangaurdngr.com
