Tag: fintech lawyer in Nigeria

Introduction Digital lending is on a steady rise in Nigeria and has potentially risen to N1.7 trillion as at December 2021 following the adverse effect of Covid-19 pandemic, the rising interest rates, inflation and unemployment rates. However, the regulatory framework for digital lending in Nigeria …

Aggressive Regulatory Enforcement against Unregistered Money Lenders In our earlier Koriat’s Update on Fintech Lending Law in Nigeria (January 2022), we provided update that the Federal Competition and Consumer Protection Commission (“FCCPC”) had announced that a Joint Committee (comprising federal regulators and law enforcement agencies) was set …

1. Strong Regulatory Supervision Builds up in the Fintech Lending Industry In November 2021, the Federal Competition and Consumer Protection Commission (“FCCPC”) announced that a Joint Committee was set up by the Federal Government to tackle violation of consumer rights and unfair practices in the money …