Nigeria: Federal Competition and Consumer Protection Commission announced enforcement against digital lending violations
Description
Federal Competition and Consumer Protection Commission announced enforcement against digital lending violations
On 5 February 2024, the Federal Competition and Consumer Protection Commission (FCCPC) announced that it is intensifying enforcement against violations in the digital lending sector. The FCCPC noted an increase in unethical recovery practices and ab…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority