Federal Competition & Consumer Protection Commission (FCCPC) has permanently delisted three digital loan Apps belonging to Orange Loan Limited, Purple Credit Limited and another company which are licensed as approved Digital Mobile Lenders (“DMLs”) in Nigeria. According to the Commission, the deleted loan Apps were found guilty of malpractices relating to invasion of customer’s privacy and bad recovery practices. Also, the FCCPC said it has asked Google to permanently delete the three DMLs from its PlayStore. The FCCPC maintains that the revocation and sanction imposed on the culpable loan providers are permanent without option or opportunity of reconsideration, and the … Continue reading FCCPC Delists Loan Apps in Nigeria Over Recovery Malpractices