The Federal Competition and Consumer Protection Commission (FCCPC) has launched enforcement measures against digital loan companies that failed to comply with regulatory standards, as part of efforts to make digital lending safer for Nigerians.
The action comes after the January 5, 2026 deadline set for digital lenders to regularise their operations under the new rules elapsed. The FCCPC said operators that did not meet the requirements have had their provisional approvals revoked and their names removed from the Commission’s register of approved digital lenders.
According to the Commission, the move is aimed at safeguarding consumers, improving transparency, and rebuilding trust in the country’s digital lending sector. Operators that remain non-compliant have been given until April 2026 to regularise their operations or face additional regulatory penalties.
Source: https://ait.live/
