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‎…the Presidency was said to have rejected such pressure after reviewing the FCCPC’s economic argument ‎ABUJA, NIGERIA- The iNews Times| President Bola Tinubu has reportedly directed the Federal Competition and Consumer Protection Commission (FCCPC) to dismantle the alleged 12-year monopoly enjoyed by South African technology company Optasia in Nigeria’s airtime credit lending and data advance…

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed Paradise Estate in Abuja following multiple complaints from homebuyers over the developer’s alleged failure to deliver promised properties. According to the Commission, the action was taken after it received and reviewed petitions from affected consumers, some of whom claimed they had completed full payment for housing…

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed a supermarket located in Guzape, Abuja, following an enforcement operation prompted by consumer complaints about questionable pricing practices. According to the Commission, the inspection uncovered multiple potential violations of consumer protection regulations. These included discrepancies between shelf prices and…

We have huge concerns about the way loan apps are being promoted in Nigeria.

The flashy promises like “borrow one million, pay back just a little extra” sound attractive, but behind them are hidden interests, illegal data access, and harassment of borrowers.

As legal practitioners, we have seen people humiliated, their contacts messaged, their reputations damaged, all because of a loan. That is not recovery; that is abuse.

If you ever need funds, pause first. Try family, friends, or regulated financial institutions. 

The Federal Competition and Consumer Protection Commission (FCCPC) has made it clear that loan apps are not allowed to access your contacts, send shaming messages, or misrepresent repayment terms.

Many of these apps are not approved and operate outside the law.

Financial help should never cost you your peace or your dignity.

We have huge concerns about the way loan apps are being promoted in Nigeria.

The flashy promises like “borrow one million, pay back just a little extra” sound attractive, but behind them are hidden interests, illegal data access, and harassment of borrowers.

As legal practitioners, we have seen people humiliated, their contacts messaged, their reputations damaged, all because of a loan. That is not recovery; that is abuse.

If you ever need funds, pause first. Try family, friends, or regulated financial institutions. 

The Federal Competition and Consumer Protection Commission (FCCPC) has made it clear that loan apps are not allowed to access your contacts, send shaming messages, or misrepresent repayment terms.

Many of these apps are not approved and operate outside the law.

Financial help should never cost you your peace or your dignity.