OPay denies office closure over alleged tax issues

OPay has dismissed reports circulating online that its offices in Lagos and Abuja were sealed by the Nigeria Revenue Service (NRS) over alleged tax violations, describing the claims as misleading. In a statement issued by its management, the fintech company said its offices across the country remain open and fully operational, adding that it continues […]

OPay has dismissed reports circulating online that its offices in Lagos and Abuja were sealed by the Nigeria Revenue Service (NRS) over alleged tax violations, describing the claims as misleading.

In a statement issued by its management, the fintech company said its offices across the country remain open and fully operational, adding that it continues to provide services to customers, partners and merchants without disruption.

The company said the reports alleged that its premises were shut over non-compliance with Value Added Tax and Company Income Tax provisions under the Nigeria Tax Act 2025.

However, OPay said it remains compliant with all tax obligations and regulatory requirements in Nigeria and maintains transparent engagement with relevant government agencies.

According to the statement, the notice referenced in the reports stemmed from a recent industry-wide directive by the NRS asking payment platforms to clearly separate certain statutory charges on their applications to improve reconciliation and transparency.

The company explained that the directive affects several operators in the financial technology sector and is not specific to OPay.

“The suggestion that the notice indicates non-payment of taxes is factually incorrect and misleading,” the company said.

OPay also expressed concern over what it described as the selective singling out of the company in reports about the directive, noting that the issue concerns multiple operators across the industry.

It urged the public to disregard claims suggesting that it is shutting down or that its offices have been sealed.

The fintech firm reaffirmed its commitment to supporting Nigeria’s digital economy by providing secure, reliable and inclusive financial services to millions of users nationwide.