The Federal Competition and Consumer Protection Commission (FCCPC) has released a new report stating that the number of delisted loan apps has increased from nine to 37.
This comes as part of the FCCPC’s efforts to regulate the digital money lending space and address the harassment faced by Nigerians from these lenders.
In addition to the delisted apps, the report also reveals that the number of fully approved loan apps has grown to 164 from 154. However, the number of loan apps with conditional approval has decreased from 40 to 38.
Furthermore, the commission’s watchlist now includes 56 apps, compared to the previous 20.
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The FCCPC highlights that the delisted loan apps have been permanently removed from the Google Play Store. Some of the apps on the list include Swiftkash App, Hen Credit Loan App, Cash Door App, Joy Cash-Loan Up To 1,000,000 App, Eaglecash App, Luckyloan Personal Loan App, Getloan App, Easeloan Apps, Naira Naija, Cashlawn App, Easynaira App, Crediting App, Yoyi App, Nut Loan App, Cashpal App, Nairaeasy Gist Loan App, Camelloan App, Nairaloan App, and Moneytreefinance Made Easy App.
Cashme App, Secucash App, Creditbox App, Cashmama App, Crimson Credit App, Galaxy Credit App, Ease Cash App, Xcredit, Imoney, Naira Naija, Imoneyplus-Instant, Nairanaija-Instant, Nownowmoney, Naija Cash, Eagle Cash, Firstnell App, Flypay, and Spark Credit.”
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