The Federal Competition and Consumer Protection Commission (FCCPC) has announced that it will permanently delist two loan applications from the Google Play Store for harassing Nigerians.
The two loan apps, Getloan and Camelloan, are operated by Sycamore Integrated Solutions Limited and Purple Credit Limited, respectively.
The FCCPC said that it took the decision to delist the two apps after receiving complaints from Nigerians who said that they were being harassed by the apps.
The commission also said that it will soon release a complete list of illegal (unregistered) digital loan apps operating in Nigeria.
The FCCPC has been cracking down on illegal digital loan apps in recent months. In June, the commission announced that it had shut down 30 illegal digital loan apps.
The commission has warned Nigerians to be careful when dealing with digital loan apps and to only use apps that are registered with the FCCPC.
Here are some additional details about the FCCPC’s crackdown on illegal digital loan apps:
- The FCCPC has been working with Google to remove illegal digital loan apps from the Google Play Store.
- The FCCPC has also been working with the Nigerian Police Force to investigate and prosecute the operators of illegal digital loan apps.
- The FCCPC has set up a helpline for Nigerians who have been harassed by digital loan apps. The helpline number is 08070412912.
The FCCPC’s crackdown on illegal digital loan apps is a welcome development. These apps have been preying on Nigerians for too long, and it is good to see that the government is finally taking action.
Here are some tips for Nigerians who are considering using a digital loan app:
- Only use apps that are registered with the FCCPC.
- Read the terms and conditions of the app carefully before you sign up.
- Be aware of the interest rates and fees that the app charges.
- Do not borrow more money than you can afford to repay.
If you have been harassed by a digital loan app, you can report the app to the FCCPC by calling the helpline number 08070412912.
