Wednesday 24 May 2023

CHIEF UGWOKEH NNAEMEKA BOMBS OPAY, THREATENS TO PHASE OUT CURRENT DIGITAL PAYMENT COMPANIES IN NIGERIA

ugwokeh nnaemeka photo
The Executive Chairman of Tectono Group,
Chief Ugwokeh Nnaemeka, has threatened to phase out OPay and other digital payment companies operating in Nigeria for their incompetence.
 
The Tectono boss made this known on a post on his Facebook fan page where he wrote, “The need to phase out all the contemporary digital payment companies in Nigeria can never be over-emphasized.
 
“It has become paramount, in view of the magnitude of pain-points of users which snowball in a geometrical progression on a daily basis. This phase-out has been perfected by me and my team. We are contemporarily awaiting implementation.”
 
The Okemmadu of Kabong, as Chief Nnaemeka is called, shared his case of declined transaction using an OPay POS after he was debited.
 
“On May 17, 2023, I became a victim of OPay. On that day, I was at a certain place in Lagos where no ATM was domiciled and I wanted to pay somebody via online transfer.  My phone was having some issues at that point in time. I couldn't use it.  Luckily, I had my Guaranty Trust Bank ATM card. I decided to quickly use it to make a transfer via #Opay #POS.
 
“The transaction failed, but I got debited. With the help of the POS operator, OPay was contacted and they said that the transaction would be reversed within 24 hours. It is now almost 48 hours and I am yet to get my money back.
 
“I contacted #GTBank and they confirmed that the money had been taken from my account by OPay which doesn't want to reverse it.
 
“I am giving Opay the maximum of 24 hours to give me back my money or I sue them. This has been happening to a lot of Nigerians who do not have strong voice to lodge their complaints,” he wrote.
 
The celebrity businessman and influencer revealed the plan of his company to take over the entire market share of digital payment business in Nigeria and force OPay and others out of business.
 
“We are coming up with a disruptive FinTech innovation that will make Nigerians to withdraw their money any time without any case of failed transactions after debiting customers.
 

“Nigerians are oblivious of the fact that payment can be made via POS offline.

Our innovation will also preclude high transaction fees and theft. The time has come for Opay and others to close their shops. It is either they innovate or they go out of business,” he concluded.

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