FCCPC Resumes Digital Lending Regulation
The court upheld the commission’s authority as complaints about debt recovery, data access and excessive charges continue in Nigeria’s growing digital lending market.
- On Monday, the Federal Competition and Consumer Protection Commission resumed enforcement of its Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations, 2025, after the Federal High Court affirmed its regulatory authority over Nigeria's digital lending sector.
- Justice A.L. Allagoa of the Federal High Court in Lagos dismissed a lawsuit filed by the Wireless Application Service Providers Association of Nigeria Ltd/Gte , discharging the interim order that had previously halted enforcement of the regulations.
- The FCCPC introduced these rules to address widespread complaints regarding unethical debt-recovery practices, unauthorized access to personal data, and excessive charges within Nigeria's rapidly expanding digital lending sector, which serves millions of consumers.
- Director of Corporate Affairs Ondaje Ijagwu stated, "The Commission has always maintained that the rule of law is fundamental," confirming the agency will now fully discharge its statutory responsibilities following the court's validation.
- The commission's objective is to ensure that innovation and financial inclusion thrive within a transparent, fair, and accountable regulatory framework that inspires confidence among consumers, investors, and responsible operators in Nigeria's digital credit market.
16 Articles
16 Articles
FCCPC resumes digital lending regulations as court upholds powers
The judgment clears the way for the commission to enforce rules aimed at promoting responsible lending and protecting borrowers in Nigeria’s digital lending market. The post FCCPC resumes digital lending regulations as court upholds powers appeared first on Premium Times Nigeria.
FCCPC resumes digital lending regulation after court victory
The FCCPC has resumed enforcing digital lending regulations after a court upheld their validity. Learn how this impacts Nigeria’s online lending market. Read More: https://punchng.com/fccpc-resumes-digital-lending-regulation-after-court-victory/
FCCPC resumes digital lending regulation as court vacates restraining order
The Federal Competition and Consumer Protection Commission (FCCPC) has resumed the implementation and enforcement of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations), following a judgment of the Federal High Court, Lagos, which upheld the validity of the regulations. Justice A.L. Allagoa of the Federal High Court, Lagos, on Monday dismissed […] The post FCCPC resumes digital lending regulat…
Appeal Court Asked To Void FCCPC’s DEON Lending Regulations
The Wireless Application Service Providers Association of Nigeria (WASPAN) has approached the Court of Appeal to challenge a Federal High Court judgment affirming the... The post Appeal Court Asked To Void FCCPC’s DEON Lending Regulations appeared first on Naija News.
FCCPC Resumes Digital Lending Regulations after Court Dismisses WASPAN Suit
By: Francis Onyemachi The Federal High Court in Lagos has ruled that the Federal Competition and Consumer Protection Commission, FCCPC, has the legal authority to regulate airtime and data credit services, while restricting the commission from issuing licences to telecommunications operators. The commission, in a statement on Monday, said the decision followed a judgment delivered by Justice A.L. Allagoa of the Federal High Court in Lagos in Sui…
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