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The Federal Competition and Consumer Protection Commission, FCCPC, has moved against Digital Money Lenders, DMLs, violating its regulations.
Adamu Abdullahi, acting Executive Vice Chairman/Chief Executive Officer of FCCPC, disclosed this in a statement on Monday, noting an upsurge in violations of its regulations by DMLs.
According to him, the Commission is intensifying enforcement efforts and adopting a zero-tolerance stance towards exploitation of consumers and other abusive conduct by DMLs.
Recall that in August last year, the Commission delisted 18 DMLs over violation of its regulations.
The Commission had hinted that it would unveil fresh regulations for DMLs in 2024.
The Prince of Wales is to return to royal duties on Wednesday for the first time since his wife had abdominal surgery last month. Prince William will conduct an investiture at Windsor Castle before attending a fundraising gala in London in the evening. Catherine, Princess of Wales, is recuperating at home after leaving hospital last week. The prince had taken time off to support his family while she recovered. Among […]
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