The Central Bank of Nigeria (CBN) has recently refuted false claims circulating online about the suspension of Fintech companies’ accounts, including OPAY and PALMPAY. According to the apex bank, these rumors are nothing but fake news.

Despite rumors suggesting otherwise, the CBN has not suspended the accounts of any Fintech companies in Nigeria.

The Acting Director, of Corporate Communications of CBN, Isa AbdulMumin, on Friday, March 24, 2023, in Abuja described the viral news as “simply fake’’.

https://bestxplorer.com.ng/2023/03/cbn-clarifies-suspension-of-opay-palmpay-accounts.html/

their problem

Sha... don't leave plenty of money in any online bank with no physical branches nationwide.
Just use them to receive alerts instantly and transfer to your traditional commercial banks.

DaddyFreeze2020:
Sha... don't leave plenty of money in any online bank with no physical branches nationwide.
Just use them to receive alerts instantly and transfer to your traditional commercial banks.

You are right

Hmmm, when I remember MMM

Anything online without physical office
OYO is your name if shit happens

kelechi50:
Hmmm, when I remember MMM

Anything online without physical office
OYO is your name if shit happens

and who says opay & palmpay doesn't have physical offices, or even insured by NDIC?

am not fronting 4 dem sha!

Moreover, it's high time y'all shld stop castigating MMM...
ppl simply got too greedy & hence d outcome!

MMM forced out idle funds out of ppls safe & was going round thereby stimulating economic growth.

Bluntguy:

You are right

He is wrong

kelechi50:
Hmmm, when I remember MMM

Anything online without physical office
OYO is your name if shit happens

Their C.E.Os are not hiding themselves.

Fake news probably circulated by regular commercial banks because they are dominating. These banks are more efficient than the regular commercial banks and in the near future they would take over the market if the commercial banks don't step up