Nigeria: Federal Competition and Consumer Protection Commission issued order of removal of 18 non-compliant digital money lending applications
Description
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…
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