AGUNLOYE’S ALLEGED $6B MAMBILLA PROJECT FRAUD : WITNESS AFFIRMS AUTHENTICITY OF PROSECUTION’S EXHIBIT. (PHOTO).#PRESS RELEASE

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Agunloye’s Alleged $6b Mambilla Project Fraud :  Witness Affirms Authenticity of Prosecution’s Exhibit The trial of the former Minister of Power, Olu Agunloye, continued on Thursday, June 18, 2026 before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court, Apo, Abuja with the Sixth Prosecution Witness, PW6, Iliya John Iyakwari, denying under cross-examination by defence counsel, Adeola Adedipe, SAN, that there is an extract of the Federal Executive Council meeting of May 21, 2003, different from the  one, marked Exhibit EFCC 3K which he certified and was tendered in evidence by the prosecution. Agunloye is facing prosecution by the Economic and Financial Crimes Commission, EFCC on amended seven-count charge, bordering on official corruption and fraudulent award of Mambilla Power Project contract to the tune of $6billion (Six Billion United States Dollars) to Sunrise Power Transmission Company Limited. Further in the cross-examination, the defence counsel appli...
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OPAY CLARIFIES REPORTS ON ALLEGED OFFICE CLOSURE BY THE NIGERIA REVENUE SERVICE. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE: 

OPay clarifies reports on alleged office closure by the Nigeria Revenue Service


Our attention has been drawn to recent reports circulating on online platforms and social media claiming that our offices in Lagos and Abuja were sealed by the Nigeria Revenue Service (NRS) over alleged non-compliance with Value Added Tax (VAT) and Company Income Tax under the Nigeria Tax Act 2025.


Our offices across Nigeria, including Lagos and Abuja, remain open and fully operational, and we continue to serve our customers, partners, and merchants without disruption.


As a responsible financial technology company operating in Nigeria, we are compliant with all applicable tax obligations and regulatory requirements. We work closely and transparently with all relevant government agencies and regulatory authorities to ensure that our operations consistently meet statutory standards.


The notice referenced in the reports arose from a recent industry-wide directive by the NRS requesting payment platforms to distinctly separate certain statutory charges on their applications for easier reconciliation and transparency. This administrative clarification affects multiple operators across the industry, not OPay alone. The suggestion that the notice indicates non-payment of taxes is therefore factually incorrect and misleading.


Equally troubling is the selective and deliberate singling out of OPay in a matter that concerns the wider industry. Such reporting not only distorts the facts but also appears calculated to undermine the reputation of a company that has consistently demonstrated strong compliance, transparency, and cooperation with regulators


For the avoidance of doubt, the information currently circulating online suggesting that OPay is shutting down or our offices have been shut down should be disregarded, as it does not reflect the true situation.


@OPay_NG  remains committed to supporting Nigeria’s digital economy by providing secure, reliable, and inclusive financial services to millions of users nationwide.


Management


OPay Digital Services Limited

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