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Federal Government to enforce-restriction policy on Loan Apps


Loan apps on Play Store will lose their ability to access their

user's contacts or photos from May 31, 2023.


This came as the Federal Government said it would enforce

the latest policy by Google, saying the action was consistent

with the Nigerian authorities move to curtail the invasion of

customer's privacy by loan app firms.


The Federal Government had in recent time taken major

decisions aimed at tackling the violation of customers privacy

by loan apps, Notably the Federal Competition and Consumer

Protection Commission had recently registered 170 loan apps

out of the 200 operating in the country.


Google, in its April 2023 policy updates, said the new policy

update would provide respite for loan app users in Nigeria and

other places that have become accustomed to crude loan

retrieval methods employed by a majority of loan apps.

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