FG to delist 2 loan apps for harassing Nigerians
- To unveil list of illegal, unregistered digital money lenders
The Federal Government in a bid to protect Nigerian consumers from harassment and exploitation has announced its decision to delist two registered loan apps and unveil a list of illegal, unregistered digital money lenders operating within the country.
The Federal Competition and Consumer Protection Commission (FCCPC) made this announcement on Thursday, reiterating its commitment to safeguarding the interests of Nigerian citizens.
The Executive Vice Chairman/Chief Executive Officer of FCCPC, Babatunde Irukera, disclosed that digital money lenders who have refused or failed to register under the guidelines will now be placed under strict surveillance, and necessary actions will be taken against them.
“The commission has also placed digital money lenders that have refused or failed to register under the guidelines on its watch list for strict surveillance and necessary action,” he said.
According to him, the list of these unregistered digital money lenders would be published on the commission’s website, warning consumers to exercise caution when dealing with such lenders.
Irukera hinted that to protect consumers from falling victim to illegal and prohibited lending and recovery practices, Nigerians should patronise only those digital money lenders on the approved list.
