The Federal Competition and Consumer Protection Commission (FCCPC) has said it will block loan apps that harass customers.
Speaking in a recent interview, the acting Chairman of FCCPC, Adamu Abdullahi, said: “It would soon be history in the country that online platforms that many people know as loan sharks, where some Nigerians access money quickly to solve urgent issues.
However, if they don’t pay back on time, some of these loan companies send unpleasant messages with their picture to all their contacts.
This hara$$ment has caused many problems in Nigeria, as some people even lose their jobs because of embarra$$ment and disgrace.
We do not agree with that kind of practice because customers are being hara$$ed, even though it’s not directly our problem.
We have involved CBN, NITDA, EFCC, and the Human Rights Commission to form a committee to address the issue.
Since we found out that they operate online and have no physical offices or managing directors, we approached Google and Apple stores to take down all their Apps. We also coordinated with the CBN to block all their accounts.”
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