FG Issues Regulations for Loan Apps, Violators Risk 

The Federal Government has introduced the Electronic, Online, or Non-Traditional Consumer Lending Regulations (Consumer Lending Regulation) 2025 to tackle persistent grievances regarding the operations of Digital Money Lenders and Mobile Money Operators (MMOs), commonly referred to as loan sharks. Ondaje Ijagwu, the Director of Corporate Affairs at the Federal Competition and Consumer Protection Commission (FCCPC),…

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$220 Million Fine: FCCPC Applauds Tribunal’s Ruling Against Meta and WhatsApp

The Federal Competition and Consumer Protection Commission (FCCPC) has praised the Competition and Consumer Protection Tribunal for its ruling on the appeal brought by Meta Platforms Incorporated (Facebook) and WhatsApp LLC. This announcement was made in a statement by Mr. Ondaje Ijagwu, the FCCPC Director of Corporate Affairs, on Friday in Abuja. Ijagwu noted that…

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