By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Nigeria Has Over 70 Online Lending Apps – FCCPC
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Nigeria Has Over 70 Online Lending Apps – FCCPC

News

Nigeria Has Over 70 Online Lending Apps – FCCPC

Tare Magbei
Tare Magbei
Published: June 15, 2025
Last updated: June 15, 2025
2 Min Read
Share
Nigeria Has Over 70 Online Lending Apps - FCCPC | Daily Report Nigeria
SHARE

The Federal Government of Nigeria has explained the clampdown on lending apps, which it said were terrorizing citizens.
The Executive Vice Chairman, Federal Competition & Consumer Protection Commission (FCCPC) Babatunde Irukera in a media discussion on Thursday revealed that there are about 70 to 90 online lending applications currently operated by various firms in Nigeria.

According to him, some of the online apps are legitimate while others are operating illegally.

“Not all the online loan applications are illegal. Some are completely illegitimate; some are legitimate but illegitimate in their approach to tracking debtors. We are against the illegitimate works,” Irukera said.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The FCCPC boss urged companies to be responsible and responsive to customer care services.

He further said that the government is more accessible and easier to find than private individuals because individuals want to make a profit.

“Government for all its inefficiencies is more accessible, easier to find than private individuals who just sell to make a profit.

“Industry must prioritise responsiveness and responsibility to their customers. Customers responsiveness is a core to business and FCCPC owes this as a responsibility.”

He said the media is a critical infrastructure in the constitution obligation of the government to protect the consumers’ interest.

“What we intend to achieve is to educate people of their rights,” he said.

“Challenge in the telecommunication is transparency in billing. With data, it is difficult to see transparency in data billing, transparency is better with voice calls than with data.” he added

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:federal government
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Troops Arrest Suspected Bandit in Ambush Position, Recover Arms in Plateau | Daily Report Nigeria
Troops Arrest Suspected Bandit in Ambush Position, Recover Arms in Plateau
Metro
ASUU Enforces ‘No Pay, No Work’ Policy Over Delayed June Salaries | Daily Report Nigeria
ASUU Enforces ‘No Pay, No Work’ Policy Over Delayed June Salaries
News
“I Retract My Earlier Post” — EeZee Conceptz MD Confirms Ongoing Settlement With Mercy Chinwo | Daily Report Nigeria
“I Retract My Earlier Post” — EeZee Conceptz MD Confirms Ongoing Settlement With Mercy Chinwo
Entertainment
Mbappé Withdraws Legal Feud with PSG, Demands €55M Payout | Daily Report Nigeria
Mbappé Withdraws Legal Feud with PSG, Demands €55M Payout
Sports
President Trump Slams Nigeria with 10% Tariff Over BRICS Alignment | Daily Report Nigeria
President Trump Slams Nigeria with 10% Tariff Over BRICS Alignment
News

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Nnamdi Kanu: IPOB Fires Back At Asari Dokubo | Daily Report Nigeria
News

Nnamdi Kanu: IPOB Fires Back At Asari Dokubo

June 15, 2025
Fighting Insecurity Should Go Beyond Military — Buratai | Daily Report Nigeria
News

Fighting Insecurity Should Go Beyond Military — Buratai

June 13, 2025
State Governors Under Attack For Rejecting LG Autonomy | Daily Report Nigeria
News

State Governors Under Attack For Rejecting LG Autonomy

June 15, 2025
FG Eyes $2.5bn World Bank Funding for 2024 Supplementary Budget | Daily Report Nigeria
News

FG Eyes $2.5bn World Bank Funding for 2024 Supplementary Budget

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?