Popular online marketplace OLX has announced a shut down of its Nigeria offices.

OLX is said to employ over 100 staff in Nigeria, who were informed of the decision through a notice of termination on Tuesday.

The move comes after Naspers, who own OLX, sold their stock in e-commerce giant Konga to Zinox Group.

In a statement to Punch by the Public Relations and Communications Lead, OLX Nigeria, Uche Nwagboso, the company confirmed that it made a decision to consolidate its business operations in Nigeria.

According to her, the company has made provision for financial compensation for the workers that will be affected.

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“We made a difficult but important decision in Nigeria to consolidate our operations between some of our offices internationally. Our marketplace will continue to operate here – uninterrupted – as it has since 2010, and we remain committed to the many people here who use our platform to buy and sell every month,” Nwagboso said.

She added, “We continue to be focused on constantly innovating to make sure that OLX remains the top classified platform in the country. Of course, we are committed to helping our affected colleagues during this transition and have already offered them meaningful financial and other support.

“As we’ve expressed to them directly, we are extremely grateful for their many significant contributions to OLX’s success.”

According to other reports, OLX also shut down offices in Ghana and Kenya, with their office in South Africa the only one left in the continent.

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