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FG cracks down on illegal loan apps, delists 37

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The number of delisted loan apps rose from nine to 37, according to the Federal Competition and Consumer Protection Commission’s (FCCPC) new report.

The number of fully approved loan apps also grew to 164 from 154 as of its last updates obtained from its website on Monday.

The number of loan apps with conditional approval declined to 38 from 40, and the number of apps on the commission’s watchlist grew to 56 from 20.

This followed a sustained shakeup of the digital money lending space by the FCCPC, after harassment of Nigerians by the lenders.

According to the commission, delisted loan apps were permanently deleted by Google from PlayStore.

It stated that the list of delisted apps included, “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”.

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