Nigeria: Federal Competition and Consumer Protection Commission announced investigation into rights violations in money lending industry
Description
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…
Scope
Policy Area
Consumer protection
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority