CEO of Opay Nigeria Resigns

After two years as president and co-CEO of Opay Nigeria, Olu Akanmu announced his resignation on Monday morning. It is unclear what his next steps will be.

According to a statement posted on his Twitter profile on Monday morning, Olu Akanmu has stepped down as president and co-CEO of OPay Nigeria. Akanmu, a seasoned industry professional and former executive director at FCMB, will join the Chinese-backed fintech’s Nigerian business in November 2021. Opay saw tremendous development under his leadership during Nigeria’s cash constraint, thanks to its distribution techniques and infrastructure. As of April of current year, the corporation claimed to have 30 million registered users.
“I am grateful to all of my colleagues at Opay for the excellent work we did together in deepening financial inclusion in Nigeria, ensuring that fewer and fewer of our people are left out of the opportunities of the digital financial system.” “Many thanks also to all our ecosystem partners and enablers who congratulated us, without whom we would not have been able to deliver on OPay’s lofty mission of ‘deepening financial inclusion through technology,'” Akanmu added in the statement.

Despite Opay’s victory, Akanmu stated in his statement that stakeholders must work together to ensure that the current digital banking system leaves no one behind. “Collaborations, public-private partnerships, and more deliberate coordination at the digital public infrastructure, ecosystem layers, would be critical to ensure we succeed in doing the next heavy lifting to extend the digital financial rail to the next 20 million,” he explained. However, it is unclear what his next steps will be.