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:

Advertisements

Buy top-quality wigs at incredibly affordable rates from AliExpress (5k to 80k)

1 / 3

2 / 3

3 / 3

3 / 3

3 / 3

Elevate your style without breaking the bank!

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.

Advertisements

• Nigerian Innovators Launch Tramatch App for Dating
• FG Identifies 18 Illegal Apps, Orders Google to Remove From Playstore.
• GTBank Customers Face App Update Woes, …Express Frustration Over Service Disruptions
• Impressive Performance in 2023 WASSCE Results: 84.38% Obtain Credit
• BRICS Bank Plans 30% of Loans in Local Currencies, Reducing Dollar Reliance
• Google appoints Alex Okosi, as MD

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.

Advertisements

Advertisements