FG orders Google to remove 18 illegal loan apps

<p>Irukera reiterated the commission’s commitment to ensuring legal and ethical operations in digital money lending.</p>, <span>FG orders Google to remove 18 defaulting loan apps. the420</span>, <h2>The Federal Competition and Consumer Protection Commission (FCCPC) has delisted another 18 Digital Money Lenders (DMLs) for operating without regulatory approval.</h2>, <p>A statement by Babatunde Irukera, the Executive Vice Chairman of the Commission, said this on Wednesday in Abuja.</p>, <p>Irukera said the DMLs were operating in violation of the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022.</p>, <p>He said the commission had entered an order to Google to remove the applications from the Playstore.</p>, <p>Irukera said the order was also to prohibit payment gateways or services from providing or continuing services to the affected businesses.</p>, <p>He listed the delisted DMLs to include Getloan, Joy Cash-Loan Up to 1,000,000, Camelloan, Cashlawn, Nairaloan, Eaglecash Moneytreefinance Made Easy and Luckyloan.</p>, <p>Others are Personal Loan, Cashme, Easynaira Swiftcash, Crediting, Swiftkash, Hen Credit loan, Nut loan, Cash door, Cashpal and Nairaeasy gist loan.</p>, <p>He said the commission would continue to engage Google to clarify how and why apps that had not received relevant regulatory approvals were available on its platform (Play store).</p>, <p>”DMLs are reminded that infractions or infringements may lead to permanent delisting and prohibition, as well as law enforcement action, including prosecution,” he said.</p>, <p>Irukera reiterated the commission’s commitment to ensuring legal and ethical operations in digital money lending.</p>, <p>He called on consumers to patronise only approved DMLs.</p>