The Federal Competition and Consumer Protection Commission, FCCPC, has ordered Google LLC (Play Store) and Apple Inc. (Apple Store) to deactivate illegal online bank and loan applications, where evidence has established inappropriate conduct or use of the application in violation of the rights of consumers.
The decision was contained in a statement on Monday, 14th March, 2022, by Executive Vice Chairman/Chief Executive Officer of the FCCPC, Babatunde Irukera, for the Joint Regulatory and Enforcement Task Force.
This comes just two days after the FCCPC, in collaboration with the Independent Corrupt Practices and Other Related Offences Commission, the National Information Technology Development Agency, and the Nigerian Police Force, shut down some illicit financial institutions on Opebi Road in Ikeja, Lagos State.
FCCPC also banned the acceptance and presentation of new online banking and loan applications without regulatory assessment and approval.
Story: Asma’u Sani
CLICK NAIJA 2022
CLICK NAIJA 2022