Nigeria: Federal Competition and Consumer Protection Commission announced investigation into possible violations in money lending industry
Description
Federal Competition and Consumer Protection Commission announced investigation into possible violations in money lending industry
On 11 March 2022, the Federal Competition and Consumer Protection Commission (FCCPC), in collaboration with other regulatory bodies, initiated an investigation into the digital money lending industry. This inter-agency effort, involving the FCCPC, N…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority