Leading Nigerian fintech company OPay Digital Services has rejected a widely shared social media post as harmful and untrue, claiming the company would take a long hiatus starting on September 1, 2026, and that its clients should withdraw or transfer their money.
The fake article, which went viral on social media on Sunday, allegedly told OPay clients that the fintech would suspend operations for a considerable time starting on September 1.
OPay, however, refuted the allegation in an official statement posted on all of its verified social media channels and reassured clients that the business is still fully operating.
In a statement titled ‘This is FALSE,’ the fintech said: “OPay is not going on break by September. We’re here, and we’re going nowhere!”
The company further urged its customers and members of the public to scrutinise the viral publication for inconsistencies and rely only on its verified communication channels for authentic information.
“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, ending the message with the hashtag, #OPayIsOkay.
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Also reacting to the development, the Vice-President, Public and Government Affairs, OPay Digital Services, Dr. Maxwell Loko, described the viral publication as “false, malicious and misleading”.
Loko said OPay was not shutting down and cautioned customers against taking any action based on the fabricated information.
“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 urged members of the public to disregard the publication and depend exclusively on OPay’s verified platforms for official announcements.
“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 further warned that deliberate attempts to spread false information capable of creating panic or undermining confidence in a financial institution could attract 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.
Concerns have also been expressed about the increasing use of fake digital information to harm financial technology businesses’ reputations and may cause needless fear among consumers.
Although there have been rumours in some circles that the publication might be connected to rival businesses looking to weaken OPay’s expanding market position, no proof has been made public to support these allegations.
As a result, OPay cautioned its clients not to act on financial or operational notifications without first confirming them through its verified communication channels.
With OPay reiterating that its services are still accessible to clients, the company’s explanation successfully dispels the widely circulated rumour that it would stop or discontinue operations on September 1, 2026.
