This online newspaper understands that of the 173 loan apps, only 119 have full approvals while 54 currently have conditional approvals while it bars illegal online bank.
NewsOnline reports that no fewer than 173 digital lending applications have been approved to operate in Nigeria by the Federal Competition and Consumer Protection Commission.
This online newspaper understands that of the 173 loan apps, only 119 have full approvals while 54 currently have conditional approvals while it bars illegal online bank.
Operations of illegal lending apps led to the intervention of the FCCPC’s approval of lending apps legally permitted to operate across the country.
NewsOnline Nigeria reports many have been faced with loan sharks, harrasment and disgrace from family and friends and provided a guideline on what to do when loan sharks harass you.
FCCPC disclosed on its website that “In furtherance to the investigation by Inter-Agency on Joint Task Force on the Digital Lending Apps, the registration of the Apps to the Limited Interim Regulatory Framework and Guidelines for Digital Lending 2022 had commenced. Please find attached the list of the companies/Digital Lending Apps for the Commission’s Website.”
FULLY APPROVED
CONDITIONAL APPROVAL
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