₦airaland Forum

Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to loan apps and businesses that harass and intimidate Nigerians over unpaid loans.

In a bold move to protect consumers, the FCCPC has urged Nigerians to report any instances of harassment or intimidation by these loan apps and businesses.

The FCCPC’s directive comes amidst growing concerns about the tactics used by some loan apps and businesses to recover debts from customers.

Many Nigerians have reported being subjected to threatening messages, calls, and even social media shaming by these loan apps and businesses.

In a statement, the FCCPC emphasized that “no consumer should live in fear” and that it is committed to protecting the rights of Nigerians from unfair and deceptive practices. The commission warned loan apps and businesses that they will face severe consequences if they continue to engage in harassing and intimidating behavior.

The FCCPC emphasized that “no consumer should live in fear” and that it is committed to protecting the rights of Nigerians from unfair and deceptive practices

The FCCPC has encouraged Nigerians to report any instances of harassment or intimidation by loan apps and businesses to its office. The commission has also assured that it will take prompt action to address these complaints and bring perpetrators to book.

This move by the FCCPC is a welcome relief to many Nigerians who have been victims of loan sharks and harassing loan apps. It is a clear indication that the government is committed to protecting the rights of consumers and promoting fair business practices in the country.

Nigerians are advised to report any instances of harassment or intimidation by loan apps and businesses to the FCCPC through its website or social media channels.

The commission can also be reached through its toll-free line or by visiting its office in person.

By reporting these instances, Nigerians can help the FCCPC to crack down on loan sharks and harassing loan apps, and create a safer and more secure environment for consumers to access credit and other financial services.

Acekidc4:
Good but at the same time, try to pay your debts

NewDigitalWorld:
Source: https://www.msn.com/en-xl/money/other/fccpc-issues-message-to-nigerians-on-how-to-report-loan-apps-harassing-customers/ar-AA1ydje9?PC=EMMX01

Acekidc4:
Good but at the same time, try to pay your debts

Is04970:
I have a case in court with EaseCash.
They called my contacts on my due date even after making part payment of what I was supposed to pay earlier that day. It's a fight to the end.

NewDigitalWorld:
I hope my 9ja people no go abuse this

ceejayluv:
Deal with them, I beg you....

EXOUSIAng:
Some loan apps should never be paid...

LoanShark:
Rubbish!

NewDigitalWorld:
Source: https://www.msn.com/en-xl/money/other/fccpc-issues-message-to-nigerians-on-how-to-report-loan-apps-harassing-customers/ar-AA1ydje9?PC=EMMX01

Is04970:
I have a case in court with EaseCash.
They called my contacts on my due date even after making part payment of what I was supposed to pay earlier that day. It's a fight to the end.

Gotocourt:
Go To Court

Even Nigeria dey own, despite interest still increasing 🤷

jimmyolasun:
Make I go report all the 7 loans company wey dey post my picture for Tiktok 😞😞