Nigeria: Federal Competition and Consumer Protection Commission investigation into rights violations in money lending industry
Progress
Current status
under deliberation
26 Aug 2022 under deliberation
Scope
Implementers
Nigeria
Policy Area
Consumer protection
Policy Instrument
User/subject right
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 announced investigation into rights violations in money lending industry
On 26 August 2022, the Federal Competition and Consumer Protection Commission (FCCPC) announced further enforcement actions against digital money lenders, with a particular focus on Soko Lending Limited. The FCCPC's actions are part of an ongoing in…
Event type
investigation
Action type
announcement
Government branch
executive
Government body
consumer protection authority