Illegal Online Banks

FG Approves 173 Loan Apps, Cracks Down On Unlawful Cyber Banks [Check If Your Bank Is Affected]

Apr 4, 2023.Apr 4, 2023. by Otunba T.J Abass

FG has given the nod to 173 loan apps. FG has also banned illegal online banks operating in the country. Loans companies without the FCCPC’s approval will be removed from Google Play Store. EKO HOT BLOG reports that the Federal Competition and Consumer Protection Commission has approved 173 digital lending applications to operate in the … Read more

FG Shuts Illegal Online Banks (Check If Your Bank Is Affected)

Mar 12, 2022. by Otunba T.J Abass

FG shut down some illegal financial institutions operating on Opebi Road, Ikeja, Lagos. The raid, the FCCPC said, was in response to customers’ complaints of malpractices by the financial institutions. EKO HOT BLOG reports that the Federal Competition Consumer Protection Commission, in collaboration with other sisters agency on Friday, raided some illegal financial institutions operating … Read more