The Federal Government through the Federal Competition and Consumer Protection Commission has asked Google to remove 18 more digital loan apps from the Google Play store.
“Getloan, Joy Cash-Loan Up to 1,000,000, Camelloan, Cashlawn, Nairaloan, Eaglecash, Moneytreefinance Made Easy, Luckyloan Personal Loan, Cashme, Easynaira, Swiftcas, Crediting, Swiftkash, Hen Credit loan, Nut loan, Cash door, Cashpal, and Nairaeasy gist loan.”
The commission further stated that compliance with its guidelines is mandatory for all digital money lenders, and failure to comply is a violation of the law. It added that infractions or infringements may lead to permanent delisting and prohibition, as well as law enforcement action, including prosecution.
Recently, the FCCPC has been clamping down on loan apps operating illegally or/and harassing Nigerians. On July 20, 2023, it delisted some registered digital money lenders for breaking its rules.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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