The Federal Competition and Consumer Protection Commission (FCCPC) has begun enforcing new rules against digital money lenders that failed to meet the January 5, 2026 compliance deadline under the DEON Regulations.

The Commission has withdrawn conditional approvals, removed defaulting operators from its approved lenders’ register, and warned consumers to avoid unlisted platforms. FCCPC chief Tunji Bello said the move aims to boost transparency, discipline, and consumer protection, not disrupt legitimate businesses.

Affected lenders have until April 2026 to regularise their status or face further regulatory action.

For Advert, Event Coverage/Press Conference Invite, Story/Article Publication & Other Media Services
Contact Us On WhatsApp
Send Email To: citizennewsng@gmail.com
Visit Citizen NewsNG To Read More Latest And Interesting News Across Nigeria And The World