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OPay Nigeria’s CEO, Olu Akanmu, resigns amid company’s 5th Anniversary celebration

Samson Akintaro by Samson Akintaro
July 31, 2023
in Sectors, Tech News
OPay Nigeria’s CEO, Olu Akanmu, resigns amid company’s 5th Anniversary celebration
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The CEO of OPay Nigeria, Olu Akanmu, has announced his resignation from the company after two years of assuming the position.

This is coming amid an ongoing celebration of the company’s 5th anniversary in Nigeria. Akanmu, who announced his exit from the company via a Twitter post on Monday morning did not state any reason but centered his message on the need to do more to get more Nigerians financially included.

While thanking stakeholders that had supported him at OPay, Akanmu specifically challenged the fintech community in Nigeria to deepen financial inclusion.

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According to him, collaborations, public-private partnerships, and more deliberate coordination at the digital public infrastructure ecosystem layers would be critical to ensure the fintechs succeed in doing the next heavy lifting to extend the digital financial rail to the next 20 million.

His message

Starting with gratitude to all who had supported him while he was the CEO of OPay, Akanmu said:

  • “My Gratitude to all my colleagues at Opay for the good work we did together in deepening financial inclusion in Nigeria, ensuring that fewer and fewer number of our people are left behind in partaking out of the opportunities of the digital financial system.
  • “Many thanks also to all our ecosystem partners and enablers who complimented us, without which we would not have been able to deliver on the lofty mission of OPay which is to “deepen financial inclusion through technology.
  • “Yet there is still so much to be done collectively by us as all to ensure that no one is left behind by the modern digital financial system.
  • “The lesson of the cashless or limited Cash period earlier in the year is that millions are not yet included despite the progress we have made collectively as an ecosystem.
  • “For the Nigeria Fintech community, the imperative of ensuring that we serve not only the banked and underserved, but also the completely excluded which still represents at least 45% of our people should be our collective and greater patriotic mission, complementing the historic efforts of traditional players.
  • “Collaborations, public-private partnerships, and more deliberate coordination at the digital public infrastructure (#dpi) ecosystem layers would be critical to ensure we succeed in doing the next heavy lifting to extend the digital financial rail to the next 20 million.”

Akanmu, a veteran industry professional and former executive director at FCMB, joined the Nigerian division of the Chinese-backed fintech in November 2021.

Under his watch, Opay saw impressive growth during Nigeria’s cash crunch, thanks to its distribution strategies and infrastructure.

OPay Nigeria, which last unveiled a new logo to mark its 5th anniversary as it rebranded, said the change not only symbolized its significant growth and impact over the years but also represents its promise into a new era with enhanced services, technological advancements, and the aim to solidify its position as the most reliable financial platform in Nigeria.


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Tags: Olu AkanmuOPay Nigeria
Samson Akintaro

Samson Akintaro

Samson Akintaro is a tech enthusiast and has over a decade experience covering and writing about the tech industry. He is currently the Tech Analyst at Nairametrics.

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Comments 10

  1. TOSIN Badmus says:
    July 31, 2023 at 4:19 pm

    Amazing . Well done olu . Keep the success story coming . You truly inspire us .

    Reply
    • Ismail Abdulganiyu says:
      August 3, 2023 at 3:36 am

      Congratulations now my money save and you need to check issue of people that they used your Opay to investment those that use Opay investment are scammer you need to work on them and let our application the security well

      Reply
  2. Emmanuel David Bassey says:
    July 31, 2023 at 9:05 pm

    So is opay going to fold up are people serving with play not going to be afraid with their cash in in okay account like me?

    Reply
  3. Mr Noah olugbenga says:
    July 31, 2023 at 10:58 pm

    Best of luck
    Hope my money is save??

    Reply
    • Prince adekunle Waheed says:
      August 2, 2023 at 8:40 pm

      Smile 😃! Good talking let him answer your question

      Reply
  4. Tea says:
    August 1, 2023 at 12:51 am

    One of the worst company in Nigeria financial system…. Blueridge Microfinance bank have the worst customer service representative, rude staffs and above all they hack BVNs to take loans while compelling you to repay them else your credit report will be bashed greatly.

    Even after paying them, you need to report them to CBN else your letter of non indebtiness will never be issued.

    CBN need to close this company because they use fake address and contact number.

    Reply
  5. Tunde Mohammed says:
    August 1, 2023 at 5:53 am

    Congratulations for a job welldone Olu….

    Reply
  6. Asukwo Benson says:
    August 1, 2023 at 10:34 am

    Congratulations sir! You have done well. Opay is now one the best Fintech companies in Nigeria. Our money is secure! Thank you!

    Reply
  7. Fele says:
    August 1, 2023 at 1:04 pm

    Opay is Best

    Reply
  8. Benson Jackson says:
    August 1, 2023 at 1:18 pm

    Congratulations. There is need to check the activities of the staff. Some bad eggs are causing problems and stealing people’s money by freezing their accounts against the regulations.
    There is a legal way to follow.

    Reply

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