The Federal Government through the Federal Competition and Consumer Protection Commission has asked Google to remove 18 more digital loan apps from the Google Play store.

The commission stated that these apps are operating on the Google Play store without regulatory approval or in violation of the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022 (Guidelines).

It noted that only digital money lenders that have regulatory scrutiny and compliance evidenced by written approval from it are allowed on Playstore.

Listing the deleted apps on Wednesday, the FCCPC said, “Accordingly, the Commission has entered a further order requiring Google to immediately remove, withdraw, or drawdown the following

“Getloan, Joy Cash-Loan Up to 1,000,000, Camelloan, Cashlawn, Nairaloan, Eaglecash, Moneytreefinance Made Easy, Luckyloan Personal Loan, Cashme, Easynaira, Swiftcas, Crediting, Swiftkash, Hen Credit loan, Nut loan, Cash door, Cashpal, and Nairaeasy gist loan.”

The commission further stated that compliance with its guidelines is mandatory for all digital money lenders, and failure to comply is a violation of the law.

It added that infractions or infringements may lead to permanent delisting and prohibition, as well as law enforcement action, including prosecution.

Recently, the FCCPC has been clamping down on loan apps operating illegally or/and harassing Nigerians. On July 20, 2023, it delisted some registered digital money lenders for breaking its rules.

https://www.google.com/amp/s/punchng.com/fg-asks-google-to-remove-18-loan-apps/%3famp

Lol
All does our dapto kings and queens that rely on loans is all over senior man take over

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Hnnnn

If I knew I would have borrowed from these mothef*ckers before they got delisted🤦

Penguin2:
If I knew I would have borrowed from these mothef*ckers before they got delisted🤦

Why will you borrow from loan app? Ekpa doesn't pay you as online media aid for Ipob/esn? Well, I wouldn't blame you, when you sit-at-home for two weeks, how won't you need loan when Ekpa has chased away all your customers and rendered your legitimate job fruitless?

Make I follow go uninstall JoyCash for my phone.

You guys are really funny 😂😂😂😂
I'm reading your quotes and mentions from palmpay prison.

Lol.
They will all be back with different names.

This apps are supposed to be making cool money in this our current economic but their Shylock attitude is the problem. You give 12k loan and want to collect 18k back in 2 weeks and you start adding default interest if the person fails. This is cruel. Subscribers to the loan only pay back with the hope of attaining a higher level when they will be able to get a higher offer..... Then they default.

Minimising the interest will help them to minimise defaults, they should also be straightforward in the term of the loan unlike the one posted month ago by a nairaland member about how he was lured to take a loan with hidden neckbreaking condition.


Let me also dedicate this song to all Defaulters.

"Cut Your Coat According to Your Size" by Apolos Empire Rhythm Orchestra

All these agbero loan sharks should not only be deleted, they should be arrested and thrown in jail for being so unprofessional

A good way to go.
Very good development.
Good news.

We are sure some frustrated children will still wail and cry on this good and positive news.
Nothing good about our darling nation make them happy in life.
Only Negativity and news about deaths and calamity dey always totori dem.
People dey o.

God bless Nigeria 🇳🇬.

Hmm....why not the regulators clamp down on them?

Pipo don happy. Chronic borrowers and defaulters

veektor01:
Lol.
They will all be back with different names.

That is the tradition

veektor01:
Lol.
They will all be back with different names.

We go still catch all of dem by then also.....

Nellybank:
Ban them all so I'll be free 😁😁😁

Na dem

Palmcredit sent 126k loan to my account wrongly. To pay 190k
I quickly alerted them for immediate reversal of the money, they ignored me. They refused to respond to my chats and messages.

I kept quiet. Time for repayment came, they started troubling me with calls. I said I can never pay for a loan I never requested for. They resorted to threat and others, I just ignored and blocked them.

They threatened sending messages to my contacts. I laughed. That will be the end if they try such.

Unknown to them, most of the contacts they even thought they had are fake contacts. Lol


Before you engage any loan app or grant them permission to ur phone, make sure your main sim cards and contacts, your pictures and other important data linked to u are not on the phone u want to use to engage them.

Get a random sim card, load it with fake contacts and give it names to make it appear real. Names like boss, dad, uncle, bro so so so... Etc they will think they have hammered or have something they can use to defame u.
Cos immediately u grant them permission to ur phone, they have access to ur contacts and they can download or copy it.

If you default and they threatened to defame you, they will only end up calling the wrong or fake numbers with them. At the end, they will calm down and be the one begging u pay them.

Ban them all so I'll be free 😁😁😁

smart move

Google said before they removed loan apps below 60days repayment,why still seeing this apps defrauding naija

veektor01:
Lol.
They will all be back with different names.

Exactly. That's what they do mostly.

Most of these loan apps listed here consistently pop-up on Nairaland. I wonder why! I hope seun and the mods are not trying to force them down our throats.


You can't advertize 8% and after downloading and requesting for cash it turns to 31%. O wrong nw.

Alchemy528:
Lol
All does our dapto kings and queens that rely on loans is all over senior man take over

Sincerely, those apps are not actually helping Nigeria at the long run. Why 12k loan will pay 18k in 2 weeks and peopele won't default? Those who pay back are doing it so that they can be eligible for higher loan that will eventually lead to default

I don fvck up!

And this Joy cash app was begging me to take a loan from them. If I had known, I for take am before them deregister the stupid loan app .

They would repackage and be back in business.

About time