How to contact FCCPC to report illegal activities of loan apps in Nigeria


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Are you a victim of harassment, cyberbullying, character assassination, and other illegal activities of loan apps in Nigeria?

Well, you can report such activities to the Federal Competition and Consumer Protection Commission (FCCPC) through [email protected]

Executive Vice Chairman/Chief Executive Officer of the commission, Babatunde Irukera disclosed this on Wednesday.

Taking to the FCCPC’s Twitter handle, Irukera said the commission has recorded a significant reduction in the number of consumer complaints regarding illegal digital money lending activities.

Irukera attributed the reduction in complaints about loan apps in Nigeria to the enforcement embarked on by the FCCPC joint taskforce.

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“I agree that some activities of digital money lending institutions have destroyed relationships, whether professional or personal, and that is why we are doing all we can.

“I will be the first person to agree that there is a problem out there.

“Messages are still coming, harassment is still coming, but frankly, we have been tracking this for a while,” he added.

The FCCPC boss said that the complaints was the lowest recorded in the last two years, following several enforcement embarked by the commission.

“This is the lowest it has been in two years. From March that we started this enforcement; there has been a significant reduction.

“I will say that after our enforcement last month, we counted probably less than 25 per cent looking at the tracking of the complaints that came in.

“But 25 per cent is not it, we will keep doing what we are doing, even adding more,” Irukera said.

He said that the taskforce would continue to set the guard rails and make the loan shark businesses difficult.

“Wherever we find their bank accounts, we lock it down, whatever applications they are using, we go to google, we take them down,” Irukera said.

He said that in pursuant to the order of the commission, google had taken down over 70 applications and the FCCPC had locked out over 60 bank accounts.

The executive vice chairman said that flutterwave had also taken down dozen applications.


Leave a Reply

  1. victor says

    good day please there are some loan sharks who are harrasing me ,

  2. Omotayo says

    I am seriously hatrassed by a loan app cashsea.

  3. Onuoha Miracle says

    Deloan is a loan app that scams and threaten people, the give high rate of interest with a little loan amount, with 7days, the threaten people and there contacts

  4. Anonymous says

    Deloan is currently harrasing and threatening me

  5. Esther peters says

    Newcredit loan is harrassing me and sending me a threat messages to post my photo in the public calling me a fraudster,after paying them the loan I borrowed without my consent they disbursed another money into my account saying I was on automatic electronic of repayment and reloan,the disbursed 69000,with a high interest of 13000,in total 82000 naira to be paid for just 7days,I pleaded with them to do a cancellation of the reloan that I am no longer interested,but they refuse I am seriously not feeling good about , my greatest fear now is that if I pay this 82000 naira they will automatically credit me again which is 73000 naira pending loan waiting after payment is done honestly I don’t know what to do than to comitt suicide

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