Fresh developments have emerged in the tax compliance matter involving fintech company , as enforcement markings previously placed on the firm’s premises by the (NRS) have reportedly been removed following engagements between the company and the revenue authority.
Sources familiar with the situation indicated that the removal of the enforcement sticker came after discussions between OPay representatives and the tax authority over concerns relating to Value Added Tax (VAT) compliance. The enforcement notice had earlier been placed on the company’s premises as part of regulatory action linked to alleged tax compliance issues.
Although OPay has not publicly admitted to any wrongdoing or issued an official statement regarding the alleged VAT non-compliance, insiders say the company has begun taking steps behind the scenes to address the issues raised by regulators and to ensure its tax processes align with statutory requirements.
According to individuals briefed on the discussions, the fintech platform has been quietly working with the relevant authorities to resolve the matter and strengthen its tax compliance framework.
The earlier enforcement action had drawn public attention to the broader issue of tax compliance within Nigeria’s rapidly expanding digital payments sector, where fintech platforms have seen significant growth over the past decade. Industry analysts note that as the sector continues to scale, regulatory scrutiny around taxation, financial reporting, and operational transparency is likely to increase.
Meanwhile, the situation has also sparked tension between members of the media and individuals believed to be associated with OPay’s corporate communications team following the publication of reports about the tax dispute.
Some journalists alleged that shortly after their reports were published, individuals identifying themselves as members of the company’s communications department contacted them to express dissatisfaction with the coverage.
In one instance, a caller using the phone number +2348138613036 reportedly spoke in what was described as a confrontational tone while criticizing a journalist for publishing what the reporter maintained was verified information about the company’s activities.
Another individual, who reportedly used the phone number 09136853466, was also accused of displaying conduct that observers described as unprofessional during a separate interaction with a journalist.
The development has raised concerns within sections of the media community, with some journalists arguing that corporate communications teams are expected to engage with the press through formal clarifications, official statements, or structured media engagements rather than confrontational exchanges following the publication of reports.
Media professionals note that effective media relations remain essential for organisations operating in highly visible sectors such as financial technology, where public trust, regulatory compliance, and transparent communication play a significant role in shaping corporate reputation.
Industry observers say the episode highlights the need for stronger communication frameworks between corporate organisations and the media, particularly as Nigeria’s fintech ecosystem continues to evolve and attract both local and international investment.
As of the time of filing this report, had not released an official public statement addressing the allegations involving its communications staff or providing detailed clarification on the ongoing tax discussions with the .
Stakeholders across the financial and media sectors will be watching closely to see how the matter is resolved and what it could mean for regulatory oversight and corporate communication practices within Nigeria’s digital payments landscape.
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