One of Nigeria’s leading fintech companies, OPay Digital Services, has dismissed as false, malicious and misleading a viral social media publication claiming that the company would suspend operations from September 1, 2026.
The fabricated publication, which circulated widely across social media platforms on Sunday, purportedly advised OPay customers to withdraw or transfer their funds ahead of an alleged prolonged shutdown.
In a statement on Sunday posted on its verified social media platforms, dismissed the claim and assured customers that its operations remain fully active.
In a message titled “This is False!”, the company said, “OPay is not going on break by September. We’re here, and we’re going nowhere! ”
The company also urged customers and members of the public to carefully scrutinise the viral publication, pointing out inconsistencies that could help users distinguish the fake message from its authentic communications.
“True OPay users know how to identify our official communications. Take a closer look at the viral post and you’ll spot the red flags.
“Always verify before you share. Filter the noise! Follow our official pages for authentic OPay updates,” the company stated, using the hashtag #OPayIsOkay.
Also reacting, OPay’s Vice President, Public and Government Affairs, Dr. Maxwell Loko, described the viral publication as “false, malicious and misleading.”
Loko emphasised that OPay had no plans to shut down its operations and warned customers against taking financial decisions based on the fabricated message.
“This post is false, malicious and misleading. OPay is not shutting down, and customers should not be misled into withdrawing their funds based on fabricated information,” he said.
He advised members of the public to disregard the publication and rely exclusively on OPay’s verified communication channels for information concerning the company’s services and operations.
“We urge the public to disregard this post and rely only on OPay’s verified communication channels for official information,” Loko added.
The OPay executive also warned that deliberate dissemination of false information capable of causing panic or undermining confidence in a financial institution could have legal consequences.
“The deliberate spread of false information designed to cause panic or undermine confidence in a financial institution is a serious matter and may have legal consequences,” he said.
The incident comes amid growing concerns over the circulation of fabricated digital content targeting businesses and financial institutions, with such publications capable of causing unnecessary panic and potentially influencing customers’ financial decisions.
Although speculation has emerged in some quarters that the fake publication may have been motivated by competitive interests seeking to undermine OPay’s market position, there is currently no publicly established evidence linking any individual or organisation to the publication.
OPay urged customers to exercise caution when encountering financial or operational claims online and to verify such information through the company’s authenticated platforms before taking any action.
