Global financial service provider Perfect Money has announced that it will temporarily halt services for customers in Nigeria, citing regulatory complexities in the region.
The company informed its Nigerian customers that accounts registered in the country will be closed on December 1, 2024, with a phased service restriction process starting today.
Starting immediately, all Perfect Money accounts registered in Nigeria will cease functioning. Customers will no longer be able to deposit or use funds via their accounts as of November 1, 2024.
Perfect Money strongly urges affected users to withdraw any remaining funds by this date. Withdrawals will still be allowed after November 1, with a 30-day grace period ending December 1, 2024, after which accounts will be permanently closed.
In addition, Perfect Money will no longer accept new registrations from customers in Nigeria or accept verification documents issued in Belgium for new users, effective immediately.
According to the announcement, this decision stems from recent regulatory developments that have complicated Perfect Money’s operations in Nigeria.
The company emphasized its commitment to exploring solutions that would enable it to resume services if a supportive regulatory framework is established. Customers will be informed as soon as operations can resume in Nigeria.
For Nigerian users with remaining balances, Perfect Money recommends using its official exchangers to withdraw, sell, or exchange funds before the final closure date.
Perfect Money expressed its appreciation for customers’ patience and understanding during this transition, reassuring them of efforts to overcome the challenges affecting services in Nigeria.
