During a courtesy visit by OPay’s executive team to the Economic and Financial Crimes Commission (EFCC) headquarters in Abuja, Mr. Steven Wen, OPay’s Global CEO, reaffirmed that adherence to Nigerian laws and regulations remains the company’s foremost operational priority.
Wen emphasized that OPay’s business philosophy is built on three pillars: regulatory compliance, customer satisfaction, and sustainable growth with compliance considered a “red line” the company will never cross.
“The most important thing in our company is compliance with local laws and regulations. Second is customer satisfaction through innovative solutions that solve real customer problems. Third is revenue growth. But for us, compliance remains a red line we cannot cross,” Wen said.
He added that OPay will continue to invest in systems, technology, and personnel that strengthen transparency, integrity, and trust within Nigeria’s financial ecosystem.
In response, the Executive Chairman of the EFCC, Mr. Ola Olukoyede represented by the Chief of Staff, Commander Michael Nzekwe commended OPay’s proactive engagement and urged the company to continue making compliance its operational cornerstone.
Nzekwe emphasized that the Commission is committed to using anti-corruption frameworks to reinforce Nigeria’s economy, and encouraged OPay to maintain robust Know Your Customer (KYC) procedures and internal controls.
“Work on KYC, don’t give room for fraud, don’t allow your company to be used for money laundering, and comply with every law of the land,” he said. He also praised OPay’s workforce, noting that having over 99% Nigerian employees is a commendable contribution to local employment.
Also speaking, the Director of Investigations at the EFCC, Commander Abdulkarim Chukkol, stressed the importance of system integrity and vigilance against insider abuse.
“System integrity is very important. Beyond meeting CBN requirements, you must go the extra mile. Insider abuse can undermine even the most secure systems, so strong recruitment and internal controls are essential,” Chukkol advised.
OPay reaffirmed its commitment to working closely with regulators to enhance consumer protection, strengthen financial system safety, and support Nigeria’s broader agenda for digital financial inclusion.
