Hon. Daniel Amos, the member representing Jema’a/Sanga Federal Constituency in the House of Representatives, has moved an urgent motion seeking federal intervention over the halted OPay NYSE listing. The lawmaker raised the alarm following reports that a petition originating from China stalled the Nigerian fintech giant’s proposed debut on the New York Stock Exchange.
Presenting the motion on the floor of the Green Chamber, Hon. Amos stressed that OPay Digital Services Limited plays a vital role in Nigeria’s digital economy. Consequently, he urged the House leadership and relevant federal agencies to wade into the diplomatic and regulatory dispute immediately.
OPay Digital Services had priced 16 million American Depositary Shares at $19 each ahead of its scheduled trading debut on October 30, 2026. This initial public offering (IPO) aimed to raise $304 million and valued the payments company at roughly $4 billion.
However, the company abruptly suspended the offering hours before trading began. At the time, management cited a regulatory inquiry in an undisclosed foreign jurisdiction. According to Hon. Amos, a petition from China triggered the regulatory roadblock that froze the OPay NYSE listing.
During plenary, Hon. Amos noted that OPay remains a cornerstone of financial inclusion across Nigeria. Millions of citizens and small businesses rely on the platform daily for seamless transactions. Therefore, any external attempt to frustrate its global expansion threatens investor confidence in Nigeria’s booming tech ecosystem.
To protect domestic economic interests, the motion called for decisive steps:
-Mandating the leadership of the House of Representatives to engage relevant stakeholders and resolve the underlying dispute.
-Urging the Federal Government to interface with international regulators to safeguard the OPay NYSE listing.
-Establishing clearer frameworks to shield indigenous digital service providers from hostile foreign petitions.
Lawmakers overwhelmingly supported the motion after Hon. Amos highlighted the broader stakes for the national economy. Furthermore, the House resolved to mandate its leadership to step in and ensure all contentious issues surrounding the OPay NYSE listing are swiftly resolved.
Despite the temporary setback in New York, OPay has assured customers that its daily operations in Nigeria remain completely unaffected. Nevertheless, industry watchers view the intervention by Hon. Daniel Amos as a critical step toward defending Nigerian-based enterprises on the global financial stage.
