Stop Creating Account For New Customers – CBN Tells OPay, Palmpay, Others.

The Central Bank of Nigeria (CBN) has issued a directive to four fintech companies, instructing them to halt the onboarding of new customers pending further notice. The affected fintechs—OPay, Palmpay, Kuda Bank, and Moniepoint—have been linked to allegations of accounts being used for illicit foreign exchange transactions. The directive came two days after the EFCC…

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