According to reports coming from Nigerianewslite the Central Bank of Nigeria has discredited the assertion going around that it has nullified the accounts of some Fintech companies like OPAY and PALMPAY

Nigarnews

 According to reports coming from Nigerianewslite the Central Bank of Nigeria has discredited the assertion going around that it has nullified the accounts of some Fintech companies like OPAY and PALMPAY.

The apex bank in reaction to the reports described it as fake news.

The report has it that the acting Director, of Corporate Communications of CBN, Isa AbdulMumin, on 24th of March 2023, in Abuja portrayed the news that has gone viral as “simply fake’’.

The report adds that the news which was presented to AbdulMumin claimed that the Central Bank of Nigeria was about to suspend accounts of the Fintech companies because they were being used to execute fraud.

“Please if you are using OPAY, PALMPAY, or any of these CHINA APPs or their POS, stop keeping much money in the account or stop using it", the viral news reads

The report further adds that PALMPAY and OPAY had in different social media messages renounced being under the radar of the CBN.

"PALMPAY had stated, “We are aware of news currently being spread on social media about CBN shutting down the operations of PALMPAY” while OPAY had posted “the post mentioning the CBN shutting down our operations is false and misleading to the general public”.