Opay Boss Olu Akanmu Resigns after Two Years of Service

After two years, Olu Akanmu is leaving his position as president and co-CEO of Opay Nigeria. What will happen after that is still uncertain.

August 3, 2023 Samson Ayodeji

According to a statement posted on his Twitter profile on Monday morning, Olu Akanmu has resigned as the president and co-CEO of OPay Nigeria. In November 2021, Akanmu, a seasoned business professional and former executive director at FCMB, joined the Nigerian branch of the Chinese-funded fintech. Opay, under his direction, had significant development amid Nigeria’s cash constraint because of its infrastructure and distribution plans. As of April of the current year, the corporation claimed to have 30 million registered users.

My sincere gratitude to all of my Opay coworkers for the excellent job we did together to increase financial inclusion in Nigeria and make sure that a decreasing proportion of our people are excluded from the advantages of the digital financial system.

Akanmu said in the statement, “Many thanks also to all our ecosystem partners and enablers who complemented us. Without you, we would not have been able to accomplish OPay’s ambitious goal of “deepening financial inclusion through technology.”

Despite Opay’s victory, Akanmu stated in his statement that additional work must be done by all parties involved in order to guarantee that the contemporary digital financial 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,” the speaker stated. But it’s still unclear what his course of action will be.

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Samson Ayodeji

I am literally obsessed with technology. I love writing about the latest news in technology in different markets, segments and sectors across the world.

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