It’s fake news – CBN denies suspending OPAY and PALMPAY accounts

-

The Central Bank of Nigeria (CBN) has denied suspending accounts of Fintech companies like OPAY and PALMPAY, describing it as fake news.

This is according to a statement made by the CBN’s Acting Director of Corporate Communications, Isa AbdulMumin, in Abuja on Friday while speaking with the News Agency of Nigeria (NAN).

The viral news credited to AbdulMumin stated that the CBN was about to suspend accounts of the Fintech companies because they were being used to perpetrate fraud.

“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,’’ the viral news read in parts.

OPAY and PALMPAY had in separate social media messages denied being under the radar of the CBN.

OPAY had stated that: “the post mentioning the CBN shutting down our operations is false and misleading to the general public.’’

PALMPAY also posted a similar disclaimer that: “we are aware of news currently being spread on social media about CBN shutting down the operations of PALMPAY.

“Please ignore all such misleading news of this nature,’’ it stated.

OPAY and PALMPAY are licensed under the CBN mobile payment regulatory framework.

They are to provide mobile money services including mobile payment services to both the banked and unbanked, and to drive financial inclusion.

(NAN)

Comments

Post a Comment

Popular posts from this blog

Ogun NACHPN buried scribe, amidst of tears

-
Image
The remains of the late Ogun state secretary of the National Association of Community Health Practitioners of Nigeria (NACHPN), Com. Adekunle Olalekan Adeniji, was committed to mother Earth at his residence on Sunday 14th January, 2024 amidst tears and crying. The body of the late scribe left the morgue at Isara for his Olomore Abeokuta residence as final resting place at about 1pm and was committed to mother Earth around 3pm after a short church service. The late scribe was involved in an auto accident on Saturday morning while returning from a journey. Until his death, Mr Adeniji, was the Ogun state secretary of NACHPN, a Deacon in The Living Christ Evangelical Ministry, Abeokuta and a respected member of the community. The late Secretary was bade farewell by family, friends, and Professional colleagues (both serving and retired) from Ogun, Oyo, Lagos, NACHPN National Representative, Comrades from Ogun Trade Union Congress, Landlords Association and other comm
Read more

15 facts about the late Ogun NACHPN Scribe, Late Adekunle Adeniji

-
Image
The late scribe of the National Association of Community Health Practitioners of Nigeria (NACHPN), Ogun state chapter, Com Adeniyi Adekunle died in an auto accident on Saturday 13th January, 2024. Below are 15 facts about the late General secretary: 1. He was born to the family of Late pa J. K. Adeniji in Oke-odan, yewa South local government area of Ogun state. 2. He was born on the 17th of March, 1984. 3. He was the fourth (4th) child out of six (6) children. 4. He had his primary education at African Church Primary School, and his secondary school education at Muslim Progressive High School, both at Oke-odan, Yewa South Local Government Area of Ogun state. 5. He began his tertiary education journey at Ogun state College of Health Technology, Ilese-ijebu (now Ogun state Polytechnic of Health and Allied Science), where he studied Community Health Technician and became Community Health Extension Worker (CHEW) in 2004. 6. He served as a Student Union 
Read more

NANNM Issues 15-Day Ultimatum to FG on Nurses' Verification and Other Demands

-
Image
The National Association of Nigeria Nurses and Midwives (NANNM) has issued a 15-day ultimatum to the Federal Government of Nigeria to address the long-standing demands of Nigerian nurses.  This decision was made during the NANNM's National Executive Council meeting in Abuja on August 28, 2024. The association is seeking: 1. Immediate Reopening of Nurses' Verification Portal:  The NMCN, a parastatal of the Federal Ministry of Health, should reopen the verification portal to enable nurses to explore better opportunities, pursue further studies, and complete necessary tasks. 2. Enhanced Nurses' Salary Structure : Approval and implementation of an improved salary structure for nurses. Read Also: Nursing And Midwifery Council Portal Closure Leaves Nigerian Nurses Stranded, Unable to Pursue Overseas Opportunities Nurses Lament Closure Of NMCN Verification Portal Nigeria Nurses Abroad Faces Deportation 3. Creation of Department of Nursing : Establishment of a Departmen
Read more