Federal inland revenue set (FIRS ) has reportedly sealed the Lagos and Abuja offices of OPay over alleged violations of the Nigeria Tax Act 2025, citing issues related to Value Added Tax (VAT) and Companies Income Tax (CIT).
Official enforcement notices placed on the premises warn that the seals must not be removed without the authority of the Executive Chairman of the NRS, indicating a serious compliance dispute with the authorities.
OPay, a Chinese-backed fintech platform that entered Nigeria in 2018, According to public policy analyst Emmanuel Adeniyi, a public analyst and Executive Director, Coalition for Indigenous Digital Advancement.
“The playbook is consistent,” said “You see rapid market penetration, then a very long period of resistance whenever regulators ask hard questions about where money is going and who it is ultimately serving.”
Just how Donald Trump asked TikTok in America, this development comes as Nigerian regulators I investigate foreign digital platforms operating in the country.
For millions of Nigerians who depend on digital wallets for daily transactions, the situation raises an important question:
How much do we really know about the platforms handling your money?
If you still use Opay
