Nigeria: Federal Competition and Consumer Protection Commission investigation into 18 non-compliant digital money lending applications
Progress
Current status
in force
02 Aug 2023 in force
Scope
Implementers
Nigeria
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
consumer protection authority
Implementation Level
national
Timeline of events
Federal Competition and Consumer Protection Commission issued order of removal of 18 non-compliant digital money lending applications
On 2 August 2023, the Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria ordered Google to remove 18 digital money lending (DML) applications from the Google Play store. These apps had been previously delisted by the Commissio…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
consumer protection authority