FIRS has sealed OPay Offices in Lagos and Abuja over alleged tax violations.
NewsOnline Nigeria reports that the Federal Inland Revenue Service has sealed the offices of OPay in Lagos and Abuja over alleged violations of Nigeria’s tax regulations.
The enforcement action was reportedly carried out over compliance issues related to the Nigeria Tax Act 2025, particularly obligations concerning Value Added Tax (VAT) and Companies Income Tax (CIT).
Officials of the tax agency were seen placing enforcement notices on the fintech company’s premises, warning that the seals must not be removed without authorisation from the Executive Chairman of the Federal Inland Revenue Service.
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The development marks a significant regulatory action against one of Nigeria’s leading fintech platforms, which has grown rapidly in the country’s digital financial services sector.
OPay, a Chinese-backed financial technology firm, entered the Nigerian market in 2018 and has since expanded its services to include mobile payments, money transfers, and agency banking across the country.
The company has become a major player in Nigeria’s fast-growing digital payments ecosystem, serving millions of users through its mobile application and extensive agent network.
However, the sealing of its offices has raised fresh concerns about regulatory compliance among foreign technology firms operating within Nigeria’s expanding digital economy.
Industry observers say the move by the tax authority signals a stricter enforcement stance by the government on tax compliance, particularly among fintech and technology companies operating in the country.
