FG Delists illegal Digital Money-Lending Apps

The Federal Government has delisted 28 illegal digital money-lending apps to sanitize the sector.

This was disclosed by the Federal Competition and Consumer Protection Commission’s latest report on approved digital money lender apps.

Accordingly, FCCPC’s delisted DML apps grew from nine to 37.

Meanwhile, the approved digital money lending list increased to 164 from 154.

The Commission said 54 DML apps are under its watchlist.

The development comes on the heels of efforts by the Commission to end the harassment of Nigerians by the lenders.

In July and August, the FCCPC also had illegal digital money-lending apps.

Full list of delisted Apps:

“Swiftkash App, Hen Credit Loan App, Cash Door App, Joy Cash-Loan Up To 1,000,000 App, Eaglecash App, Luckyloan Personal Loan App, Getloan App, Easeloan Apps, Naira Naija, Cashlawn App, Easynaira App, Crediting App, Yoyi App, Nut Loan App, Cashpal App, Nairaeasy Gist Loan App, Camelloan App, Nairaloan App, Moneytreefinance Made Easy App

“Cashme App, Secucash App, Creditbox App, Cashmama App, Crimson Credit App, Galaxy Credit App, Ease Cash App, Xcredit, Imoney, Naira Naija, Imoneyplus-Instant, Nairanaija-Instant, Nownowmoney, Naija Cash, Eagle Cash, Firstnell App, Flypay, and Spark Credit.”