Google is required by the FG to remove 18 illicit loan apps

Irukera reaffirmed the commission's dedication to guaranteeing honest and moral lending practices.Another 18 Digital Money Lenders (DMLs) have been removed from the Federal Competition and Consumer Protection Commission's (FCCPC) list for operating without authorization.This was said in a statement released on Wednesday in Abuja by Babatunde Irukera, the Executive Vice Chairman of the Commission. Irukera claimed that the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022, were being broken by the DMLs. He said that Google had received a directive from the commission to remove the applications from the Playstore. Irukera said the order was also to prohibit payment gateways or services from providing or continuing services to the affected businesses. He listed the delisted DMLs to include Getloan, Joy Cash-Loan Up to 1,000,000, Camelloan, Cashlawn, Nairaloan, Eaglecash Moneytreefinance Made Easy and Luckyloan. Others are Personal Loan, Cashme, Easynaira Swiftcash, Crediting, Swiftkash, Hen Credit loan, Nut loan, Cash door, Cashpal and Nairaeasy gist loan. He said the commission would continue to engage Google to clarify how and why apps that had not received relevant regulatory approvals were available on its platform (Play store). ”DMLs are reminded that infractions or infringements may lead to permanent delisting and prohibition, as well as law enforcement action, including prosecution,” he said.