₦airaland Forum

The Federal Competition and Consumer Protection Commission (FCCPC) has rolled out regulations to curb harassment, data breaches, and other unethical practices by digital lenders in Nigeria.

This was disclosed in a statement signed by the FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, which quoted the Commission’s Executive Vice Chairman/Chief Executive Officer, Tunji Bello, as unveiling the new framework in Abuja on Wednesday.

“For too long, Nigerians have endured harassment, data breaches, and unethical practices by unregulated digital lenders.

“These regulations draw a clear line that innovation is welcome, but not at the expense of the rights and dignity of consumers or the rule of law,” the CEO noted.

Bello added, “The regulations provide the legal tools to hold violators accountable and promote responsible digital finance. No consumer should be harassed, defamed, or lured into unsustainable debt under the guise of digital lending.”


The statement noted that the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, took effect on 21 July.

Made pursuant to Sections 17, 18 and 163 of the Federal Competition and Consumer Protection Act (2018), the rules introduce a comprehensive framework to safeguard consumers in Nigeria’s fast-growing digital credit market.

Under the provisions, all digital lenders must register with the FCCPC within 90 days of commencement, with approval subject to meeting standards of transparency, data compliance, and consumer protection.

Non-compliant operators face penalties of up to ₦100 million or 1% of turnover, as well as possible disqualification of directors for up to five years.

The rules prohibit pre-authorised or automatic lending, ban unethical marketing, compel accessible loan terms, and require local ownership of at least one service provider for airtime and data lending services.

They also mandate joint registration of lender partnerships and restrict monopolistic agreements without prior FCCPC approval.

The Commission urged all Mobile Money Operators (MMOs), Digital Money Lenders (DMLs) and service partners to obtain application forms, guidelines and compliance requirements.


Consumers have also been encouraged to report unlawful or unregistered lenders, unfair interest rates, or privacy violations.

Source: https://www.channelstv.com/2025/09/03/fccpc-unveils-rules-to-end-loan-app-harassment-impose-%E2%82%A6100m-sanctions

When you agree to terms and conditions you never read before you take their loans,FCCPC no Dey there

Who go implement Sir?


23 more characters needed
23 more characters needed

Fake, useless and docile FCCPC, they keep talking like EFCC chairman without action

But why will you borrow on a condition of time fix and then breach the term and then be expecting the loan shark to look the other way.



If there should be rules or fine on harassment,
Let the government do the lending by themselves

Laughing in my language..... 40 characters and I still they type

Kennitrust:
But why will you borrow on a condition of time fix and then breach the term and then be expecting the app to look the other way.

Sapa never worry u!!!! Dey form posh oooo!!! Abi u haven't heard of unforeseen occurrence abi?

They should also pass a law which makes it a criminal offence to borrow and not pay back

WORWOR1963:
Sapa never worry u!!!! Dey form posh oooo!!! Abi u haven't heard of unforeseen occurrence abi?

How is that a valid excuse to crash another person's business?

LoanShark:
They should also pass a law which makes it a criminal offence to borrow and not pay back

If somebody borrow money from you and refuses to pay, take the person to court instead of harassment, and how do you expect someone who is broke in the first place to take loan of 20k and pay interest of 14k in space of 1 week..

You guys are thieves

LoanShark:
They should also pass a law which makes it a criminal offence to borrow and not pay back

Both the lenders and the debtors are thieves. How do you expect someone to pay 40k for a loan of 16,500? Dey play

puremaker7:
If somebody borrow money from you and refuse to pay, take him to court instead of harassment

Do you have any idea how much it costs to start legal proceedings in this country?


Starting legal proceeding because of a debt of less than a million is pointless except if you intentionally want to teach the person a very bitter lesson

LoanShark:
Do you have any idea how much it costs to start legal proceedings in this country?

Do you know how much it takes to pay for damages if you get sued for defamation

richiemcgold:
Both the lenders and the debtors are thieves. How do you want me to pay 40k for a loan of 16,500? Dey play

Did you not see the terms before you agreed to the loan?

LoanShark:
Do you have any idea how much it costs to start legal proceedings in this country?


Starting legal proceeding because of a debt of less than a million is pointless except if you intentionally want to teach the person a very bitter lesson

And mind you, the person can't go to prison for borrowing and refuses to pay ....so you guys have to be reasonable with your interest in the first place

Lanretoye:
When you agree to terms and conditions you never read before you take their loans,FCCPC no Dey there

Agree to which terms? Loan app wen dey harass people repeatedly to come borrow money.

Lanretoye:
When you agree to terms and conditions you never read before you take their loans,FCCPC no Dey there

Whatever "terms and conditions" they roll out to their customers must, as a matter of fact, be subject to the regulations of FCCPC.

puremaker7:
Do you know how much it takes to pay for damages if you get sued for defamation

A person who cannot repay a loan of 40K after several reminders has no basis to sue for defamation if the lender decides to publicly shame him to recover his money!

puremaker7:
And mind you, the person can't go to prison for borrowing and refuses to pay ....so you guys have to be reasonable with your interest in the first place

The interest is largely determined by the inflation rate in the country

At the same time it is very bad for some people to collect loan and will not pay back how will they want the system to continue

LoanShark:
A person who cannot repay a loan of 40K after several reminders has no basis to sue for defamation if the lender decides to publicly shame him to recover his money!

Then why are you now panicking......
.....................



Why are you panicking

LoanShark:
Did you not see the terms before you agreed to the loan?

Read my topics. Make una stop to call me. I no borrow yet una no want let me rest.

WORWOR1963:
Sapa never worry u!!!! Dey form posh oooo!!! Abi u haven't heard of unforeseen occurrence abi?

he is a loan recovery agent so what do you expect him to say he eat from there

Just put a total stop to the whole thing


Bchdjjdjnd

The question is, who are major investors of such businesses, especially loan app? They are these big politicians and government allies......

So.says a member of staff of one of the loan apps. I advised you say that to the long matchette of the FCCP law.

Lanretoye:
When you agree to terms and conditions you never read before you take their loans,FCCPC no Dey there

LoanShark:
A person who cannot repay a loan of 40K after several reminders has no basis to sue for defamation if the lender decides to publicly shame him to recover his money!

This your moniker carry weight.
Naa una work be that

This is a good development. Every yahoo boy in Nigeria has gone to open loan app company
Whatever you do in life do not borrow from SIKLOAN. They are robbers

Loan apps might reduce loan size because of this update, hmm

lucianohase:
The question is, who are major investors of such businesses, especially loan app? They are these big politicians and government allies......

So because the major investors are big politicians that means you should borrow and not pay back, right?

Federal Competition and Consumer Protection Commission (FCCPC) has rolled out regulations to curb harassment, data breaches, and other unethical practices by digital lenders in Nigeria.