The Federal Competition and Consumer Protection Commission (FCCPC) has called on Nigerians to report loan apps and businesses that engage in harassment over unpaid loans. The commission emphasized that no consumer should live in fear due to aggressive debt recovery tactics.
This follows ongoing complaints about unethical practices by some digital lenders, including threats, blackmail, and unauthorized access to customers’ contacts. The FCCPC has been working to regulate online lending platforms and has previously sanctioned several operators for violating consumer protection laws.
Nigerians facing harassment from loan apps are encouraged to report such cases to the FCCPC through official channels to ensure appropriate action is taken.
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