The Federal Government through the Federal Competition and Consumer Protection Commission has asked Google to remove 18 more digital loan apps from the Google Play store.
According to Punch, the commission stated that these apps are operating on the Google Play store without regulatory approval or in violation of the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022 (Guidelines).
It noted that only digital money lenders that have regulatory scrutiny and compliance evidenced by written approval from it are allowed on Playstore.
The loan apps include, Getloan, Joy Cash-Loan Up to 1,000,000, Camelloan, Cashlawn, Nairaloan, Eaglecash, Moneytreefinance Made Easy, Luckyloan Personal Loan, Cashme, Easynaira, Swiftcas, Crediting, Swiftkash, Hen Credit loan, Nut loan, Cash door, Cashpal, and Nairaeasy gist loan.
