OPay, a prominent player in Nigeria’s fintech sector, has firmly dismissed rumors circulating on social media that it plans to shut down its operations in the country. The company made this clarification during a live Town Hall meeting held in Lagos on September 2, 2026, where executives addressed concerns stemming from misleading information.

During the event, OPay's Chief Operating Officer and Chief Technology Officer, Dotun Adekunle, emphasized that the company remains fully operational and has no intentions of ceasing its Nigerian operations. "OPay is here, OPay is operating, and OPay is going nowhere," Adekunle stated, countering claims that the company would halt its services from September 1.

The meeting was attended by OPay executives, industry stakeholders, and media representatives, all of whom gathered to clarify the situation and reassure both customers and merchants of the company's stability. Adekunle urged the public to be cautious about information shared on social media, especially when it pertains to financial decisions. He highlighted the importance of relying on OPay’s official channels for accurate updates regarding the company’s services.

In addition to addressing the rumors, Adekunle noted that the Central Bank of Nigeria (CBN) has recognized the circulating message as fake news. OPay has expressed its commitment to combating misinformation that could lead to panic or financial loss among its users. The company reiterated its dedication to Nigeria, stating that its ongoing investments in technology, financial education, and digital payments reflect a long-term commitment to the Nigerian market.

OPay's management reassured customers that they can continue to use its services without interruption. They also encouraged the public and media organizations to verify claims before sharing or acting on them, emphasizing the potential negative impact of misinformation on the financial system.

In a related development, OPay is preparing to list its shares on the Nigerian Exchange, which would provide local investors with access to one of Africa's largest fintech companies. The company reported a gross transaction value of $358 billion in 2025, a significant increase from the previous year, with revenue soaring by 161% to $536.3 million. Furthermore, OPay is collaborating with major financial institutions, including Citigroup, Deutsche Bank, and JPMorgan Chase, for a separate initial public offering (IPO) in the United States, potentially valuing the company at around $4 billion.

As OPay continues to operate and expand its services, it remains focused on supporting Nigerian businesses and consumers, contributing to the growth of the country’s digital economy, and investing in the youth of Nigeria.