Na serious gbege dey happen for Nigeria market o! The Federal Competition and Consumer Protection Commission (FCCPC) don finally begin enforcement against Digital Money Lenders wey no regularise their operations as e be for the new Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, wey dem drop for 2025.
E be like say dem don tire for all those loan sharks wey dey charge excessive interest and dey harass borrowers. The deadline wey dem give for compliance don pass, na January 5, 2026, and una sabi as Naija matter dey go, decision don make clear say dem no go slack.
Biko, hear wetin Tunji Bello, wey be the Executive Vice Chairman, talk: “The compliance window don close. Na wetin we go do now na to take action wey go promote transparency and confidence for this digital lending space. No be to scatter any genuine business.” Na so we go safe our pockee!
Dem don also remove plenty Digital Money Lenders from the list wey FCCPC dey keep for di approved ones. Dis one mean say if dem no fit meet the requirements wey dem set, dem nor go fit operate for Naija again o, till dem get everything wey dem need to get.
The FCCPC dey serious with dis matter, as dem get database wey dey guide consumers on wetin dey happen. Bello advise all di loyal customers say make dem look well as dem dey deal with these lenders—we no wan here say you dey fall hand for any wrong place.
And no be only that o! Dem don start to dey talk with app hosting platforms and payment service providers, as part of dem monitoring process. Dem dey ensure say everybody dey follow di rules! E get where dem don set deadline for April 2026 for those wey still wan fit regularise. No be joke, if dem no act sharp-sharp, wahala go happen!
The FCCPC don also shout loud say dem dey committed to making sure dis enforcement no be to disturb business, but to make di market dey fair and transparent. So, if you dey do your business the right way, you fit rest well as you dey do your own without fear.
So my people, make we dey vigilant and follow di right path o! Dis digital lending matter no be small thing, but with dis kain rules and enforcement wey FCCPC dey put, we go fit secure ourselves and our money. Remember, na from the top dem dey control wetin dey happen below, so make we support dem for better regulation!
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