Babatunde

FCCPC to Shut Down Digital Lenders Harassing Debtors

The Federal Competition and Consumer Protection Commission (FCCPC) has promised to permanently delete digital money lending apps from the Google Play Store for harassing and slandering customers.

Babatunde Irukera, the chief executive officer of FCCPC, who disclosed this on Arise TV on Tuesday, July 11, during an interview, said that ethical digital lenders are welcome to do business in the country, while those who engage in unethical means to ensure getting their money back will be dealt with.

Irukera added that if the digital lenders that have been approved by the commission are still engaging in harassing and slandering their customers, the commission will ensure to have them removed from the Google Play Store permanently, even if the act happens just once.

Babatunde also went further in suggesting that there are things digital lenders could do wrong that would be pardoned, but not harassing and sending defamatory messages to customers, as this act will never be taken lightly.

The chief executive officer also claims that those people failing to pay back their loans are chronic borrowers, and the measure for them is to ensure that they don’t borrow a second time. These customers failing to pay back their loans and the defamatory messages that follow are something the commission frowns upon, and the commission is totally against these digital lenders subjecting people to such inconvenience.