Nigeria's financial technology bank, Opay, said it has closed non-compliant accounts amid the recent Central Bank of Nigeria's restriction. According to Nairametric, Opay disclosed this in a statement on Tuesday.
Nigeria's financial technology bank, Opay , said it has closed non-compliant accounts amid the recent Central Bank of Nigeria's restriction. According to Nairametric, Opay disclosed this in a statement on Tuesday.
reports that OPay, Palmpay, Kuda Bank, and Moniepoint were restricted from onboarding new customers due to allegations of accounts being used for illicit foreign exchange transactions. However, OPay said it remains committed to working closely with CBN and other regulatory bodies to fight money laundering, fraud, terrorism financing, and other illegal financial activities.
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