Loan Sharks

Loan Sharks’ Days Numbered As FCCPC Targets Apps Harassing Customers

May 5, 2024. by Ekohot Editor

Harassment of customers by loan apps to be addressed Inter-agency collaboration to block offending platforms Strict measures to protect consumer rights Eko Hot Blog reports that the Federal Competition and Consumer Protection Commission (FCCPC) is taking decisive action against loan apps notorious for harassing customers. Moreover, the commission’s acting chairman, Adamu Abdullahi, revealed the agency’s … Read more

NDPC Probes Online Loan Sharks Over 400+ Cases Of Privacy Breaches

Mar 29, 2024. by Ekohot Editor

Eko Hot Blog reports that the Nigeria Data Protection Commission (NDPC) announced that it is investigating more than 400 instances of privacy violations linked to digital loan firms, commonly referred to as loan sharks, in Nigeria. This information was revealed in the Nigeria Data Protection Annual Report 2023. Editor’s Picks FG Provides Update On Fire … Read more

FG Delists 37 Illegal Loan Apps (Full List)

Sep 12, 2023. by Ekohot Editor

Eko Hot Blog reports that the Federal Competition and Consumer Protection Commission (FCCPC) in a new report announced that thirty-seven loan applications have been delisted. The commission revealed that the delisted loan applications increased from nine to thirty-seven. The number of fully approved loan apps also grew to 164 from 154 as of its last … Read more

FG Delists Loan Apps For Harassing Nigerians, Vows More Clampdowns

Jul 21, 2023. by Ekohot Editor

Eko Hot Blog reports that the Federal Government through the Federal Competition and Consumer Protection Commission has said it will release a list of illegal (unregistered) digital loan apps operating in Nigeria. It also said it would delist two legal (registered) loan apps from Google Play Store for harassing Nigerians. The FCCPC on Thursday announced … Read more