Perfect Money has officially announced its exit from the Nigerian market, attributing the decision to increasingly complex regulatory requirements. The announcement, displayed on the Perfect Money website, outlines important information for Nigerian users, including key dates and steps they should take.
Important Notice: Service Restrictions for Nigerian Customers
Perfect Money regrets to inform its Nigerian customers that, due to regulatory constraints, it will cease operations for users based in Nigeria. All accounts registered with Nigerian addresses will be closed effective December 1, 2024.
What Nigerian Users Should Know and Do:
- Account Deactivation: Starting November 1, 2024, all Perfect Money accounts associated with Nigerian addresses will be deactivated. This means Nigerian users will no longer be able to deposit or utilize any funds in their accounts. Users are strongly encouraged to withdraw any remaining funds before this date to ensure uninterrupted access to their balances.
- Withdrawal Period: While accounts will be inactive as of November 1, 2024, users will still have until December 1, 2024, to withdraw their funds. It’s crucial to complete any withdrawals within this 30-day window, as accounts will be permanently closed after that date.
- Account Registration Restrictions: Perfect Money has halted new registrations for users in Nigeria, effective immediately. Additionally, Perfect Money will no longer accept documents issued in Belgium for user verification.
The Reason Behind the Exit
According to Perfect Money, recent regulatory changes have created significant operational challenges, making it difficult for the platform to continue serving Nigerian customers. Perfect Money has expressed its intention to re-evaluate its position if a more conducive regulatory environment is established in the future. They have committed to updating users promptly if conditions allow them to resume services in Nigeria.
For users seeking assistance with their remaining funds, Perfect Money recommends utilizing official exchangers to sell or exchange balances.
Thank You for Your Cooperation
Perfect Money appreciates the understanding and patience of its Nigerian users during this period of transition.