FG Takes Action Against Illegal Loan Apps: 37 Delisted

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By   Milcah  Tanimu

The Federal Competition and Consumer Protection Commission (FCCPC) has reported a significant increase in the number of delisted illegal loan apps, which has risen from nine to 37, according to their latest report. Simultaneously, the number of fully approved loan apps has grown from 154 to 164, while loan apps with conditional approval have decreased from 40 to 38. The number of apps on the FCCPC’s watchlist has also increased from 20 to 56. This development follows the FCCPC’s continued efforts to regulate the digital money lending space due to reported harassment of Nigerians by these lenders.

The FCCPC has revealed that Google permanently removed these delisted loan apps from the Play Store. Some of the delisted apps 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, Moneytreefinance Made Easy App, Cashme App, Secucash App, Creditbox App, Cashmama App, Crimson Credit App, Galaxy Credit App, Ease Cash App, Xcredit, Imoney, Nairanaija-Instant, Nownowmoney, Naija Cash, Eagle Cash, Firstnell App, Flypay, and Spark Credit.

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