FCCPC Cracks Down on Rogue Loan Apps: Non-Compliant Lenders Delisted in Major Sweep

By Linda Ike

The Federal Competition and Consumer Protection Commission (FCCPC) has launched phased enforcement against Digital Money Lending (DML) operators who missed the January 5, 2026, deadline to regularise under the 2025 DEON Regulations.

Executive Vice Chairman/Chief Executive Officer of FCCPC,Tunji Bello announced the moves to enforce transparency, discipline, and consumer protection without disrupting legit businesses.

He said, “The compliance window is closed, we’re acting fairly and orderly.”

Key actions include:Withdrawing conditional approvals and delisting non-compliant operators from FCCPC’s public register.
Engaging app platforms and payment providers for monitoring,
Granting a final April 2026 deadline for transitional operators to comply or face further penalties.

Bello urged caution, “Stick to the approved list to avoid abusive lenders.”

The crackdown shields compliant firms, boosts market certainty, and safeguards Nigeria’s digital economy.