The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has delisted about 37 more illegal loan apps.
The development brought the total number of fully approved loan apps to 164 from the previous count of 154.
Additionally, the number of loan apps with conditional approval has decreased to 38 from 40, while the commission’s watchlist has expanded to include 56 apps, up from 20.
In its commitment to protecting Nigerians, the FCCPC has permanently delisted and initiated the process of removing two loan apps from the Google Play Store.
ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!
These apps were found to be engaging in harassing behavior towards users.
On August 1, 2023, the FCCPC formally requested Google to remove illegal apps that operate without regulatory approval or violate the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022 (Guidelines).
The 37 newly delisted loan apps were:
- Swiftkash App
- Hen Credit Loan App
- Cash Door App
- Joy Cash-Loan Up To 1,000,000 App
- Eaglecash App
- Luckyloan Personal Loan App
- Getloan App
- Easeloan Apps
- Naira Naija
- Cashlawn App
- Easynaira App
- Crediting App
- Yoyi App
- Nut Loan App
- Cashpal App
- Nairaeasy Gist Loan App
- Camelloan App
- Nairaloan App
- Moneytreefinance Made Easy App
- Cashme App
- Secucash App
- Creditbox App
- Cashmama App
- Crimson Credit App
- Galaxy Credit App
- Ease Cash App
- Xcredit
- Imoney
- Naira Naija
- Imoneyplus-Instant
- Nairanaija-Instant
- Nownowmoney
- Naija Cash
- Eagle Cash
- Firstnell App
- Flypay
- Spark Credit
- Luckyloan Personal Loan
