FG Delists 37 Illegal Loan

According to a recent report by the Federal Competition and Consumer Protection Commission, the number of loan applications that were delisted increased from nine to 37.

In its website on Monday, the number of fully accepted loan applications increased to 164 from 154. From 40 to 38 loan applications received conditional clearance, while the number of applications on the commission’s watchlist increased from 20 to 56.

After persistent harassment of Nigerians by the lenders, the FCCPC shook up the digital money lending industry.

According to the commission, delisted loan apps were permanently deleted by Google from Play Store.

It stated that the list of delisted apps included, “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.”