FACT CHECK: Is OPAY running with people’s money like MMM?

FACT CHECK: Is OPAY running with people’s money like MMM?

A claim that the former President/Co-Chief Executive Officer, Olu Akanmu resignation from OPAY will fold up the financial institute like MMM.

The claim was retrieved from a twitter post recently. On seeing this disinformation, a reader of All Facts Newspaper forwarded to us to confirm if its true.

THE FINDINGS

Findings by All Facts Newspaper show that the news is Misleading. Checks revealed that the management of OPay Digital Services Limited (“OPay”), has announced that its President/Co-Chief Executive Officer, Olu Akanmu, would be leaving the company next month.

Opay added that Mr Akanmu’s exit was made known in a statement posted on the official Twitter page of the mobile money platform on Tuesday.

The Management of OPay Digital Services Limited officially announces the exit of the Nigerian Co-CEO; @OluAkanmu .

Olu Akanmu has been a critical part of @OPay_NG 's success and he leaves an indelible mark that can not be erased for years to come. While we will miss him; we wish… pic.twitter.com/xMbPjDvUVI

— OPay (@OPay_NG) July 31, 2023

1. MOVING ON: End of a Chapter. Moving on to New Ones: My Gratitude to all my colleagues at #Opay for the good work we did together in deepening #financialinclusion in #Nigeria, ensuring that less and less number of our people are left behind .. pic.twitter.com/cbLiAZHCcF

— Olu Akanmu (@OluAkanmu) July 31, 2023

On contacting Opay through their twitter handle on what is their take of the issue, Opay responded to the twitter:

Thank you for contacting OPay! OPay Digital Services is a leading financial institution, authorized and regulated by the CBN, insured by NDIC. Be assured that staff resignation within the organisation is not a risk to your funds. The infrastructure of our platform has been tested and proven within the regulatory guidelines to keep your money safe and secure. A.C

THE VERDICT

A claim that the former President/Co-Chief Executive Officer, Olu Akanmu resignation from OPAY will fold up the financial institute like MMM is FALSE and disinformation; findings show that the OPay Digital Services Limited is not folding and the Opay infrastructure has been tested and proven within the regulatory guidelines to keep your money safe and and secure

Meanwhile, the financial service company, OPay Nigeria, has officially rebranded and unveiled a new logo to mark its 5-year anniversary in the Nigerian market.

 

This change not only symbolizes its significant growth and impact over the years but also represents its promise into a new era with enhanced services, technological advancements, and the aim to solidify its position as the most reliable financial platform in Nigeria.

OPay Nigeria was founded in 2018 and has grown tremendously to become a household name for Nigerians with over 40 million users, 500,000 agents, and 300,000 merchants who trust and use OPay for everyday payments and collections. Over the course of 5 years.

The brand assures its customers of plans to upgrade its products and services to ensure the customer experience is even more enjoyable on OPay. This is in line with OPay’s mission of making financial services more inclusive through technology.