Digital Loan Sharks Agree To Stop Threatening, Defaming Defaulters   Digital money lenders also known as Digital loan sharks who are willing to continue operations in Nigeria must agree to certain conditions, the Federal Competition and Consumer Protection Commission (FCCPC) has disclosed. Executive Vice Chairman and Chief Executive...

"Some Lenders Seek Cooperation with Us" Says FCCPC  The Federal Competition and Consumer Protection Commission (FCCPC) says some lenders under investigation and whose accounts were frozen has approached the Commission and expressed a desire to cooperate with the agency. The executive vice president of the FCCPC,...

CAN to Finance Ministry: Regulate Loan Sharks Before Nigerians Commit Suicide The Christian Association of Nigeria (CAN) has urged the Ministry of Finance, the Central Bank of Nigeria (CBN) and other regulators to take action against loan sharks. The apex religious body called on CBN Governor,...

FG Finally Takes Action Against Online Loan Apps -FCCPC The federal government of Nigeria has finally taken steps to crackdown online loan apps parading as lenders in Nigeria. The federal government says online loan companies have caused a lot of damages in the country through invasion...

FCCPC Demands Legal Action Against Illegal Digital Finance Firms The Federal Competition and Consumer Protection Commission (FCCPC) has called for law governing digital banking operations to prevent unlicensed operators from posing a threat to Nigerians. During a summit on World Consumer Rights Day in Abuja, the...