• About
  • Advertise
  • Careers
  • Contact
Sunday, June 15, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Business

CBN Reacts After Viral News of Suspending OPAY, PALMPAY’s Accounts

by ReportersAtLarge
March 25, 2023
in Business, News
Reading Time: 1 min read
0
Godwin Emefiele, CBN Governor

Godwin Emefiele

Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

The Central Bank of Nigeria (CBN) has debunked reports that it suspended the accounts of fintech companies OPAY and PALMPAY due to their alleged involvement in fraudulent activities.

ADVERTISEMENT

According to the CBN’s Acting Director of Corporate Communications, Isa AbdulMumin, the news is false and should be disregarded by the public.

A viral message attributed to AbdulMumin claimed that the CBN was planning to suspend the accounts of the Fintech companies.

ADVERTISEMENT

“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 CBN is about suspending their accounts because these apps are being used to perpetrate fraud.”

RelatedPosts

MultiChoice To Begin Sports-Only Package After Losing Millions Of Subscribers

Tears As Top Lagos LG Chairman Dies

The Foolish Acts Of Alhaji Abayomi Oshine Oyedeji, Oyo House Of Rep Member

Opay, Palmpay denies the report. In response, the fintech companies took to social media to refute the rumours, stating that they operate within the CBN’s mobile payment regulatory framework and are committed to promoting financial inclusion.

OPAY also clarified that news of the CBN shutting down its operations was false and misleading to the public.

Similarly, PALMPAY urged the public to disregard all misleading news of this nature. It stated, “Please ignore all such misleading news of this nature.”

OPAY and PALMPAY are two of the many licensed fintech companies designed to provide mobile payment services, including mobile money services, to both the banked and unbanked segments of the population.

Tags: BREAKING NEWSCentral Bank Of Nigeria Latest NewsOPayPalmPay
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

Business

MultiChoice To Begin Sports-Only Package After Losing Millions Of Subscribers

by ReportersAtLarge
June 14, 2025
0

The last two years have been doubly tough for the MultiChoice Group, and its latest audited results show that it...

Read moreDetails
News

Tears As Top Lagos LG Chairman Dies

by ReportersAtLarge
June 14, 2025
0

Musibau Adekunle Asafa, the Executive Chairman of Oto-Awori Local Council Development Area (LCDA) in Lagos, has passed away. The news...

Read moreDetails
Alhaji Abayomi Oshine Oyedeji
Opinion

The Foolish Acts Of Alhaji Abayomi Oshine Oyedeji, Oyo House Of Rep Member

by ReportersAtLarge
June 14, 2025
0

Alhaji Abayomi Oshine Oyedeji the Rep Member representing Iseyin, Itesiwaju, Kajola, and Iwajowa Federal Constituency of Oyo State has continued...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Jamaica announces plans for mega resort

Jamaica Announces Plans For New Mega Resort At World Travel Market

2 years ago
Donald Trumpt vs Joe Biden

US Election: Top US Lawyer Quits Over ‘Vote Fraud’ Memo

5 years ago

Popular News

  • MultiChoice To Begin Sports-Only Package After Losing Millions Of Subscribers

    0 shares
    Share 0 Tweet 0
  • Tears As Top Lagos LG Chairman Dies

    0 shares
    Share 0 Tweet 0
  • The Foolish Acts Of Alhaji Abayomi Oshine Oyedeji, Oyo House Of Rep Member

    0 shares
    Share 0 Tweet 0
  • Hon Olajide Celebrates Two Years In 10th Assembly, Reaffirms Commitment To Development

    0 shares
    Share 0 Tweet 0
  • Tragedy As Three Siblings Die In Accident On Ife-Ibadan Expressway

    0 shares
    Share 0 Tweet 0

Connect with us

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • MultiChoice To Begin Sports-Only Package After Losing Millions Of Subscribers June 14, 2025
  • Tears As Top Lagos LG Chairman Dies June 14, 2025
  • The Foolish Acts Of Alhaji Abayomi Oshine Oyedeji, Oyo House Of Rep Member June 14, 2025
  • Hon Olajide Celebrates Two Years In 10th Assembly, Reaffirms Commitment To Development June 14, 2025
  • Should Victor Osimhen Take A Pay Cut to Play In The Premier League? June 13, 2025
March 2023
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Feb   Apr »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights