[BREAKING] Olu Akanmu Steps Down as Co-CEO of OPay Nigeria

PalmPay Unveils ‘Passing the Baton’ CSR Initiative

Olu Akanmu has announced his decision to step down as the President and Co-CEO of OPay Nigeria after serving in the position for two years.

The announcement was made public on Monday morning through a statement posted on his official Twitter page.

Akanmu, a seasoned industry professional and former executive director at FCMB, took on the leadership role at OPay Nigeria in November 2021.

During his tenure, the Chinese-backed fintech company experienced significant growth, particularly amid Nigeria’s cash crunch. Utilizing effective distribution strategies and robust infrastructure, OPay reached new milestones, boasting 30 million registered users as of April this year.

In his statement, Akanmu expressed gratitude to his colleagues at OPay for their collective efforts in advancing financial inclusion in Nigeria.

He acknowledged their dedication to ensuring more people partake in the opportunities of the digital financial system.

Additionally, he extended his appreciation to ecosystem partners and enablers whose collaboration contributed to OPay’s successful mission of “deepening financial inclusion through technology.”

Despite the achievements, Akanmu emphasized the need for continued collaborative efforts among stakeholders to ensure an inclusive digital financial system.

He stressed the importance of public-private partnerships and coordinated efforts in enhancing digital public infrastructure at various ecosystem layers.

This collective endeavor aims to extend the benefits of the digital financial rail to the next 20 million individuals in Nigeria.

As Olu Akanmu steps down from his current role, the future remains uncertain regarding his next steps. However, his dedication to fostering financial inclusion and leveraging technology for societal progress is evident