The Central Bank of Nigeria (CBN) has debunked reports that it suspended the accounts of Fintech companies OPAY and PALMPAY.Information Guide Nigeria

The CBN’s Acting Director of Corporate Communications, Isa AbdulMumin described the news as false adding that the public should disregarded such news.

LEGIT.NG reports that a viral message attributed to AbdulMumin had claimed that the CBN was planning to suspend the accounts of the Fintech companies.

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The viral news read in parts:

“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.NYSC Portal

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

Reacting to this, OPAY and PALMPAY took to social media to refute the rumors, stating that they operate within the CBN’s mobile payment regulatory framework, and are committed to promoting financial inclusion.

According to OPAY, the news of the CBN shutting down its operations was false and misleading to the public.

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

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