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FCCPC Urges Nigerians to Report Harassing Loan Apps, Businesses

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Federal Competition and Consumer Protection Commission (FCCPC) has called on Nigerians to report loan apps and businesses that harass or intimidate them over unpaid loans, stressing that no consumer should live in fear.....KINDLY READ THE FULL STORY HERE▶

The commission made the statement on Saturday, saying it is committed to protecting citizens from unfair practices in the growing digital lending sector.

Call to Action

FCCPC officials said Nigerians should file complaints directly through the commission’s website, social media platforms, or physical offices. Consumers are also encouraged to provide evidence such as text messages, call recordings, or screenshots of abusive communications.

“No consumer should live in fear,” the commission said. “Loan repayment must be handled responsibly. Harassment, threats, and intimidation are unacceptable.”

Rising Complaints

The warning comes after an increase in reports of aggressive debt recovery methods by some online loan providers. Many borrowers have alleged that apps publicly shame them, threaten family members, or invade their privacy when loans are not repaid on time.

According to the FCCPC, such practices are illegal and violate consumer protection laws. The agency said businesses found guilty of harassment could face fines, suspension, or permanent shutdown.

Background on Loan Apps

Digital loan apps have become popular in Nigeria due to their quick and easy access to credit. Many citizens, especially small business owners and low-income earners, turn to these platforms because they often lack access to traditional banking services.

However, regulators have raised concerns about how some companies operate. Borrowers often complain of high interest rates, hidden charges, and the use of personal data for public shaming.

The FCCPC has been investigating these issues for several years. In 2022, the commission launched a joint task force with the Central Bank of Nigeria, the Nigerian Police Force, and the National Information Technology Development Agency to address unethical loan recovery practices.

Enforcement Efforts

The FCCPC said it has already sanctioned several loan companies that engaged in harassment. Some were delisted from app stores, while others were forced to change their operations to comply with regulations.

Still, the commission admitted challenges remain, as new loan apps continue to appear online. Many operate without proper registration or approval, making it harder for authorities to monitor them.

“The public should remain vigilant,” the FCCPC said. “Only use digital lenders that are approved and listed on the commission’s registry. Report any suspicious activity immediately.”

Public Reaction

Some Nigerians welcomed the commission’s statement, saying it gave hope to victims of harassment.

“I borrowed a small loan for my business,” said Lagos trader Mariam Adebayo. “When I could not repay on time, they started calling my family and sending messages to my customers. It was very embarrassing. I am glad the FCCPC is speaking up.”

Others urged the government to move beyond warnings and take tougher action against offenders. “People have complained for years,” said activist group Digital Rights Watch. “What Nigerians need is stricter enforcement, not just advice to report cases.”

Next Steps

The FCCPC promised to expand public awareness campaigns and strengthen cooperation with other agencies. It said protecting consumers in the digital lending space is part of its wider mission to promote fairness in Nigeria’s marketplace.

“Loan apps must follow the law,” the agency said. “Consumers have rights, and the commission will defend those rights.”

For now, Nigerians facing harassment are advised to document their experiences and reach out to the FCCPC for help.

The commission said cases will be investigated, and offenders will be held accountable.

With the digital loan sector still growing, experts say the outcome of these efforts will shape how Nigerians access credit in the future.

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“I Have Jonathan’s Certificate Of Return!” – Agbedi Drops Shocking Political Claim.

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Fredrick Agbedi, a House of Representatives member representing Bayelsa State, has called on Nigerians to applaud the Peoples Democratic Party (PDP) for encouraging former President Goodluck Jonathan to make a political comeback. During an appearance on Arise Television’s morning show this Wednesday, Agbedi maintained that Jonathan holds the full right to seek the presidency in 2027.....KINDLY READ THE FULL STORY HERE▶

Regarding the former president’s potential candidacy, Agbedi remarked:

  • The PDP has repeatedly discussed Jonathan’s potential run, and the internal processes are nearly finished.

  • He is currently in possession of the official Certificate of Return, which is intended for presentation to Jonathan.

  • Given Jonathan’s track record of “credible transformation” during his tenure, Agbedi argued that citizens should support the PDP’s efforts to nominate him as a solution to Nigeria’s current challenges.

  • Emphasizing the spirit of national service, Agbedi questioned the opposition to Jonathan’s potential return, asking where else a dedicated leader should serve if not for the betterment of his own country.

  • He confirmed that should Jonathan choose to run, it would be under the banner of the PDP.

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“Oborevwori Ran To APC Because I Am A Threat”: Omo-Agege Drops Political Bombshell.

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Former Deputy Senate President Ovie Omo-Agege recently alleged that Delta State Governor Sheriff Oborevwori joined the All Progressives Congress (APC) from the Peoples Democratic Party (PDP) due to fears regarding electoral competition. Speaking on Arise Television’s The Morning Show on Wednesday, Omo-Agege claimed the Governor’s decision was motivated by political survival rather than ideological alignment. The former senator specifically asserted, “Oborevwori chickened out from the PDP to the APC because I am a threat” in anticipation of the 2027 elections.....KINDLY READ THE FULL STORY HERE▶

Highlighting the APC’s performance during his leadership in the 2023 elections, Omo-Agege noted that the party secured two of the three senatorial seats in Delta State. He further emphasized his influence by pointing out his victory in Delta Central, where he claimed to have defeated the governor’s candidate by a margin of roughly 15,000 votes. Omo-Agege also attributed the recent wave of defections from the PDP to the APC to his post-election mobilization efforts across the state. Despite the Governor’s shift in party affiliation, Omo-Agege expressed confidence in his political influence and remains certain of his electoral base leading into 2027.

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Owo Church Massacre: Four Sentenced To Death By Hanging In Landmark Terror Verdict.

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Ondo State Governor, Lucky Aiyedatiwa, has expressed his support for the court ruling that sentenced four individuals to death for their participation in the June 5, 2022, attack on St. Francis Catholic Church in Owo. Through his spokesperson, Ebenezer Adeniyan, the Governor affirmed that this verdict proves justice will ultimately prevail against those who harm innocent people.....KINDLY READ THE FULL STORY HERE▶

The ruling was delivered by Justice Emeka Nwite of the Federal High Court in Abuja, following a terrorism case initiated by the Department of State Services (DSS). Governor Aiyedatiwa characterized the decision as a triumph for the rule of law and a moment of relief for the families impacted by the tragedy. He further praised the judicial and investigative teams for their dedication to bringing the perpetrators to account.

Highlighting the state’s stance against violence, the Governor stated, “This judgment sends a strong message that those who take innocent lives will face the full weight of the law, regardless of how long it takes to secure justice”. He also lauded the Owo community and the Catholic Church for maintaining peace throughout the difficult aftermath.

While acknowledging that the court’s decision cannot replace the lives lost, Aiyedatiwa noted that it provides some closure to the grieving families and bolsters faith in the justice system. Finally, he pledged his administration’s continued partnership with security agencies to enhance public safety and prevent future occurrences, while offering prayers for the victims and their families.

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