The Federal Inland Revenue Service (FIRS) has sealed the operational offices of fintech company OPay in Lagos and Abuja over violations of the Nigeria Tax Act 2025.
The enforcement action is said to be linked to discrepancies in the company’s remittances of Value Added Tax (VAT) and Companies Income Tax (CIT).
According to reports, officials of the tax authority carried out the enforcement exercise at OPay’s offices, placing regulatory seals and official notices on the premises.
The notices warn against tampering with the seals, stating that they can only be removed with formal authorization from the Executive Chairman of the revenue service.
The development signals a major compliance dispute between the fintech firm and the tax authority, suggesting that the matter has escalated beyond routine administrative queries.
OPay, one of Nigeria’s largest digital payment platforms, has built a vast customer base through its mobile payment and financial services offerings.
The enforcement action has triggered concern among some users of the platform, particularly given the company’s widely publicised financial growth in Nigeria’s digital payments ecosystem.
Some customers have taken to social media to question the allegations and seek clarification on the company’s tax compliance status, while others say they are considering alternative digital banking platforms.
As of the time of filing this report, OPay had not issued an official statement on the development.