CBN Clears Air On Suspending OPAY & PALMPAY Accounts
The Central Bank of Nigeria (CBN) has debunked claims going around that it has suspended accounts of some Fintech companies like OPAY and PALMPAY. The apex bank in reaction to the reports described it as fake news. The Acting Director of Corporate Communications of CBN, Isa AbdulMumin, on Friday, March 24, 2023, in Abuja described the viral news as “simply fake’’. The report which was credited to AbdulMumin claimed that the CBN was about to suspend accounts of the Fintech companies because they were being used to perpetrate fraud. The viral news partly read, “Please if you are using OPAY,…
