[ICYMI] Opay addresses report of workplace closure, says NRS discover impacts total {industry}

OPay Digital Companies Restricted has dismissed stories that its workplaces in Lagos and Abuja have been sealed by the Nigeria Income Service over alleged non-compliance with tax obligations, describing the claims as false and deceptive.

Studies had circulated on social media and on-line platforms alleging that the NRS sealed OPay’s Lagos and Abuja workplaces over non-compliance with Worth Added Tax and Firm Earnings Tax obligations underneath the Nigeria Tax Act 2025.

The fintech firm stated in a press release on Thursday that its workplaces throughout Nigeria stay open and totally operational, and that it continues to serve clients, companions and retailers with out disruption.

“Our consideration has been drawn to current stories circulating on on-line platforms and social media claiming that our workplaces in Lagos and Abuja have been sealed by the Nigeria Income Service (NRS) over alleged non-compliance with Worth Added Tax (VAT) and Firm Earnings Tax underneath the Nigeria Tax Act 2025.

“Our workplaces throughout Nigeria, together with Lagos and Abuja, stay open and totally operational, and we proceed to serve our clients, companions, and retailers with out disruption.

“As a accountable monetary expertise firm working in Nigeria, we’re compliant with all relevant tax obligations and regulatory necessities. We work carefully and transparently with all related authorities companies and regulatory authorities to make sure that our operations constantly meet statutory requirements,” the corporate’s administration stated.

OPay stated the discover on the centre of the stories arose from an industry-wide directive by the NRS requesting cost platforms to individually show sure statutory fees on their purposes to help reconciliation and transparency.

The corporate stated the directive affected a number of operators throughout the cost {industry} and was not directed at OPay alone, including that recommendations that the discover indicated non-payment of taxes have been “factually incorrect and deceptive.”

OPay additionally criticised what it described because the selective singling out of the corporate in a matter that involved the broader {industry}, saying such reporting appeared calculated to break its popularity.

“The discover referenced within the stories arose from a current industry-wide directive by the NRS requesting cost platforms to distinctly separate sure statutory fees on their purposes for simpler reconciliation and transparency.

“This administrative clarification impacts a number of operators throughout the {industry}, not OPay alone.

“The suggestion that the discover signifies non-payment of taxes is due to this fact factually incorrect and deceptive. Equally troubling is the selective and deliberate singling out of OPay in a matter that issues the broader {industry}.

“Such reporting not solely distorts the information but in addition seems calculated to undermine the popularity of an organization that has constantly demonstrated robust compliance, transparency, and cooperation with regulators,” the assertion learn.

The corporate stated it really works carefully with all related authorities companies and regulatory authorities to make sure its operations meet statutory requirements, including that it stays dedicated to supporting Nigeria’s digital financial system by safe and inclusive monetary companies.

“For the avoidance of doubt, the knowledge presently circulating on-line suggesting that OPay is shutting down or our workplaces have been shut down needs to be disregarded, because it doesn’t replicate the true scenario.

“OPay stays dedicated to supporting Nigeria’s digital financial system by offering safe, dependable, and inclusive monetary companies to tens of millions of customers nationwide,” the assertion concluded.