The Federal Government has announced the date to recommence Digital Money Lenders' registration in Nigeria. The Executive Vice Chairman of the Federal
The Federal Government has announced the date to recommence Digital Money Lenders’ registration in Nigeria.
Recall that the Commission had, on November 14 2022, ordered digital lenders operating in the country on a mandatory registration.The Commission stated that the effort is part of the Joint Regulatory and Enforcement Task Force and guidelines to sanitize the digital space of fraudulent lenders.
“For businesses that existed and or were taken down by the Google Playstore or ceased transaction processing or termination services by payment systems or gateways, the Commission will only consider and process such applications upon a statement of justification that sufficiently articulates an acceptable reason or justification for failing to conclude or complete the registration before the expiration of the previously set deadline.
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