Find out more as industry watchdog flags concerns over FCCPC digital lending decisions

Legit | 07-06-2026 06:31am |

The Wireless Application Service Providers Association of Nigeria (WASPAN) has raised alarms regarding the Federal Competition and Consumer Protection Commission's (FCCPC) recent approvals of new digital lending companies. This action comes in the wake of existing court restrictions and a suspended regulatory framework, which WASPAN claims should prevent such approvals. The situation has intensified tensions within the industry, as stakeholders express concerns over the implications of these decisions for consumer protection and regulatory compliance.

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