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FCCPC Enforces N100m Fine on Rogue Loan Apps
The Business NG
|The BusinessNG
The Federal Competition and Consumer Protection Commission (FCCPC) has begun enforcing a new regulation that slams non-compliant digital lending operators with fines of up to N100 million or 1% of annual turnover, as Nigeria intensifies its crackdown on unethical lending practices.
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The Commission, in a statement issued Wednesday, confirmed the official commencement of the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEO
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