The Federal Competition & Consumer Protection Commission (FCCPC) has said it will block loan apps that harass customers
The Federal Competition & 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 harassment has caused many problems in Nigeria, as some people even lose their jobs because of embarrassment & disgrace
We do not agree with that kind of practice because customers are being harassed, even though it’s not directly our problem. We have involved CBN, NITDA, EFCC, & the Human Rights Commission to form a committee to address the issue
Since we found out that they operate online & have no physical offices or managing directors, we approached Google & Apple stores to take down all their Apps
