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The federal government, on Friday, raided the offices of “illegal” digital loan companies operating in Ikeja, Lagos over alleged consumer rights abuse. The operation was led by the Federal Competition Consumer Protection Commission (FCCPC) in conjunction with theIndependent Corrupt Practices and Other Related Offences Commission (ICPC), the National Information Technology Development Agency(NITDA) and the Nigeria…

A joint operation spearheaded by the Federal Competition and Consumer Protection Commission (FCCPC), National Information Technology Development Agency(NITDA) and the Nigeria Police Force (NPF) has raided loan shark firms in Lagos over consumer rights abuse.

This information started quite a while ago. Some time ago, when the country was on lockdown in 2020 due to the pandemic, we started seeing the rise in money lenders.

The federal government, on Friday, raided the offices of "illegal" digital loan companies operating in Ikeja, Lagos over alleged consumer rights abuse.

This information started quite a while ago. Some time ago, when the country was on lockdown in 2020 due to the pandemic, we started seeing the rise in money lenders.