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FG Delists 37 Illegal Loan Apps


The number of delisted loan apps in Nigeria has risen from nine to 37.

           

A Federal Competition and Consumer Protection Commission’s new report noted that the number of fully approved loan apps also grew to 164 from 154 as of its last updates on its website. 

 

The number of loan apps with conditional approval declined to 38 from 40, and the number of apps on the commission’s watchlist grew to 56 from 20.

 

This followed a sustained shakeup of the digital money lending space by the commission, after harassment of Nigerians by the lenders.

 

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