Nigeria: Order establishing interagency joint regulatory and enforcement task force on digital money lenders
Progress
Current status
in force
11 Mar 2022 in force
Scope
Implementers
Nigeria
Policy Area
Consumer protection
Policy Instrument
Consumer protection authority governance
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Order establishing interagency joint regulatory and enforcement task force on digital money lenders entered into force
On 11 March 2022, Nigeria established the Joint Regulatory and Enforcement Task Force (JRETF) to regulate digital money lenders (DMLs) and protect consumer data privacy rights. The JRETF includes several regulatory agencies such as the Federal Compe…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
other regulatory body