LAGOS, Nigeria — Reports alleging that financial technology company OPay has lost as much as ₦150 billion in loans amid repayment challenges have raised questions about loan recovery practices and the risks facing Nigeria’s digital lending sector.
The claim, which suggests that some borrowers have failed to repay loans, has yet to be independently verified. Details regarding the period covered, the nature of the alleged losses, and the number of affected borrowers were not immediately available.
If confirmed, losses of this magnitude could raise concerns about credit risk management, borrower repayment behaviour, and the sustainability of digital lending operations.
However, it is important to distinguish between unpaid loans, loans classified as non-performing, and actual financial losses, as these are not necessarily the same.
As of the time of filing this report, an official statement from OPay confirming the alleged ₦150 billion loss was not available.
Mockingbird Online Daily Newspaper will continue to monitor the development and provide updates as verified information becomes available.
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