The Nigerian Government through the Federal Competition and Consumer Protection Commission (FCCPC) has delisted 37 illegal loan apps.
The loan apps were permanently deleted by Google from Play Store.
The number of approved loan apps rose from 154 to 164, also the number of loan apps with conditional approval declined to 38 from 40, and the number of apps on the commission’s watchlist grew to 56 from from 20.
It is expected that the FCCPC will keep working with relevant stakeholders, such as app developers, financial institutions, and consumer advocacy groups, to ensure that lending apps follow ethical business practices and operate within the legal framework.
The list of delisted loan apps includes; “Swiftkash App, Hen Credit Loan App, Cash Door App, Joy Cash-Loan Up To 1,000,000 App, Eaglecash App, Luckyloan Personal Loan App, Getloan App, Easeloan Apps, Naira Naija, Cashlawn App, Easynaira App, Crediting App, Yoyi App, Nut Loan App, Cashpal App, Nairaeasy Gist Loan App, Camelloan App, Nairaloan App, Moneytreefinance Made Easy App
“Cashme App, Secucash App, Creditbox App, Cashmama App, Crimson Credit App, Galaxy Credit App, Ease Cash App, Xcredit, Imoney, Naira Naija, Imoneyplus-Instant, Nairanaija-Instant, Nownowmoney, Naija Cash, Eagle Cash, Firstnell App, Flypay, and Spark Credit.”