The Federal Inland Revenue Service (FIRS) has sealed the offices of Opay in Lagos and Abuja over alleged violations of Nigeria’s tax regulations.
The enforcement action was reportedly taken over issues relating to compliance with the Nigeria Tax Act 2025, particularly obligations concerning Value Added Tax (VAT) and Companies Income Tax (CIT).
Officials of the tax agency placed enforcement notices on the company’s premises, warning that the seals must not be removed without authorisation from the executive chairman of FIRS.
OPay, a Chinese-backed fintech platform that entered the Nigerian market in 2018, has grown rapidly in the country’s digital payment sector, providing financial services such as mobile payments, transfers and agency banking.
However, the development has raised concerns about the operations and regulatory compliance of foreign technology companies operating within Nigeria’s fast-growing digital economy.
