FG Delists 37 Illegal Loan Apps as Crackdown Continues

In its ongoing efforts to regulate and oversee the digital lending sector, the Federal Government of Nigeria, through the Federal Competition and Consumer Protection Commission (FCCPC), has taken action against 37 illegal loan apps.

This recent move has increased the number of fully approved loan apps to 164, up from the previous 154.

Here is a list of the 37 newly delisted loan apps:

  1. Swiftkash App
  2. Hen Credit Loan App
  3. Cash Door App
  4. Joy Cash-Loan Up To 1,000,000 App
  5. Eaglecash App
  6. Luckyloan Personal Loan App
  7. Getloan App
  8. Easeloan Apps
  9. Naira Naija
  10. Cashlawn App
  11. Easynaira App
  12. Crediting App
  13. Yoyi App
  14. Nut Loan App
  15. Cashpal App
  16. Nairaeasy Gist Loan App
  17. Camelloan App
  18. Nairaloan App
  19. Moneytreefinance Made Easy App
  20. Cashme App
  21. Secucash App
  22. Creditbox App
  23. Cashmama App
  24. Crimson Credit App
  25. Galaxy Credit App
  26. Ease Cash App
  27. Xcredit
  28. Imoney
  29. Naira Naija
  30. Imoneyplus-Instant
  31. Nairanaija-Instant
  32. Nownowmoney
  33. Naija Cash
  34. Eagle Cash
  35. Firstnell App
  36. Flypay
  37. Spark Credit
  38. Luckyloan Personal Loan App

The FCCPC had previously taken action against illegal loan apps, permanently delisting and initiating the removal of such apps from the Google Play Store. This move comes as part of efforts to protect consumers from harassment and ensure that digital lending services operate within regulatory guidelines.

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The Guidelines for Digital Lending, introduced in 2022, are aimed at ensuring fair practices, transparency, and the protection of consumers’ rights in the digital lending space. The FCCPC has also requested Google to remove apps that do not comply with these guidelines.

This crackdown on illegal loan apps is a positive step towards safeguarding the interests of borrowers and maintaining a secure and regulated digital lending environment in Nigeria.

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