CBN debunks viral news suspending OPAY, PALMPAY
The Central Bank of Nigeria (CBN) has branded news circulating about the suspension of accounts of Fintech companies like OPAY and PALMPAY as fake.
CBN's acting director of corporate communications, Isa AbdulMumin, told the News Agency of Nigeria (NAN) in Abuja on Friday that the viral news "is just plain wrong".
The viral news attributed to Mr. AbdulMumin said that the CBN was about to suspend the accounts of Fintech companies because they were used to carry out fraud.
"Please if you are using OPAY, PALMPAY or any of these CHINA apps or their outlet, please stop keeping lots of money in the account or stop using it.
>“The CBN is about to suspend its accounts because these apps are being used to perpetrate fraud,” the viral news read in part.
OPAY and PALMPAY had in separate social media posts denied being under the CBN's radar.
OPAY had stated that: "the message mentioning the closure of our operations by the CBN is false and misleading to the general public".
PALMPAY also posted a similar disclaimer, stating, "We are aware of reports currently circulating on social media regarding CBN's closure of PALMPAY's operations.
ALSO READ: OPay Records Total Gross Transaction Value of $2 Billion in 2020 and Shares Exciting Growth Plans for 2021
“Please ignore all misleading news of this nature,” he said.
OPAY and PALMPAY are approved under the CBN mobile payment regulatory framework.
They should provide mobile money services, including mobile payment services, to banked and unbanked people, and foster financial inclusion.
(NAN)
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The Central Bank of Nigeria (CBN) has branded news circulating about the suspension of accounts of Fintech companies like OPAY and PALMPAY as fake.
CBN's acting director of corporate communications, Isa AbdulMumin, told the News Agency of Nigeria (NAN) in Abuja on Friday that the viral news "is just plain wrong".
The viral news attributed to Mr. AbdulMumin said that the CBN was about to suspend the accounts of Fintech companies because they were used to carry out fraud.
"Please if you are using OPAY, PALMPAY or any of these CHINA apps or their outlet, please stop keeping lots of money in the account or stop using it.
>“The CBN is about to suspend its accounts because these apps are being used to perpetrate fraud,” the viral news read in part.
OPAY and PALMPAY had in separate social media posts denied being under the CBN's radar.
OPAY had stated that: "the message mentioning the closure of our operations by the CBN is false and misleading to the general public".
PALMPAY also posted a similar disclaimer, stating, "We are aware of reports currently circulating on social media regarding CBN's closure of PALMPAY's operations.
ALSO READ: OPay Records Total Gross Transaction Value of $2 Billion in 2020 and Shares Exciting Growth Plans for 2021
“Please ignore all misleading news of this nature,” he said.
OPAY and PALMPAY are approved under the CBN mobile payment regulatory framework.
They should provide mobile money services, including mobile payment services, to banked and unbanked people, and foster financial inclusion.
(NAN)
Support the integrity and credibility journalism of PREMIUM TIMES Good journalism costs a lot of money. Yet only good journalism can guarantee the possibility of a good society, an accountable democracy and a transparent government. For free and continued access to the best investigative journalism in the country, we ask that you consider providing modest support to this noble endeavour. By contributing to PREMIUM TIMES, you help sustain relevant journalism and keep it free and accessible to everyone.Donate
[embedded content]TEXT ANNOUNCEMENT: Call Willie - +2348098788999
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