The Nigerian government through the Federal Competition and Consumer Protection Commission (FCCPC) has delisted another 18 Digital Money Lenders (DMLs) for operating without regulatory approval.
Babatunde Irukera, the executive vice chairman of the FCCPC revealed this in a statement on Wednesday, August 2, in Abuja.
Irukera said the DMLs were operating in violation of the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022.
He said the commission had entered an order to Google to remove the applications from Playstore, adding that the order was also to prohibit payment gateways or services from providing or continuing services to the affected businesses.
The delisted DMLs are as follows:
- Joy Cash-Loan Up to 1,000,000
- Eaglecash Moneytreefinance Made Easy
- Personal Loan
- Hen Credit loan
- Nut loan
- Cash door
- Nairaeasy gist loan