The Federal Competition and Consumer Protection Commission says it will begin the process of blocking loan apps that harass their customers.
Many Nigerians have complained about the harassment they are subjected to by these loan sharks
However, the commission’s acting chairman, Adamu Abdullahi, said the agency has begun to address the issue.
”It would soon be history in the country that online platforms that many people know as loan sharks, where some Nigerians access money quickly to solve urgent issues,” Abdullahi told the BBC
Recall that in March, the Nigeria Data Protection Commission said it was investigating over 400 cases of privacy breaches involving online loan apps.
It noted that investigations have revealed that “loan apps are overly intrusive.”
NDPC is also seeking a ban or restriction on mobile numbers found to have been used by lenders to breach the privacy of their customers.
They generally violate the principles of data protection and privacy because they have access to contacts, pictures, messages, etc. of data subjects,” the commission stated.
Receive Alerts On:
Facebook: METRODAILYNG Twitter: @METRODAILYNG
REACH THE RIGHT PEOPLE AT THE RIGHT TIME WITH METRO DAILY NIGERIA. TRY AND ADVERTISE ANY KIND OF YOUR BUSINESS TO USERS ONLINE TODAY. KINDLY CONTACT US FOR YOUR ADVERTS OR PUBLICATIONS @ METRODAILYNG@GMAIL.COM or 08077778839. OR VISIT US AT OUR OFFICE AT
PLOT 273 REINSURANCE BUILDING
HERBERT MACAULAY WAY
2ND FLOOR, C WING, CENTRAL BUSINESS DISTRICT (CBD)
ABUJA – FCT.