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.