The Federal Competition and Consumer Protection Commission (FCCPC) has announced that a joint committee to tackle companies operating illegally and those harassing customers has been established.
This was disclosed by the FCCPC Chief, Mr Babatunde Irukera on Sunday in Abuja.
The team includes representatives of FCCPC, Central Bank of Nigeria (CBN) and Economic and Financial Crimes Commission (EFCC).
Others are from National Information Technology Development Agency (NITDA) and National Human Rights Commission (NHRC).
The committee has been tasked to come up with rules money lending companies must obey.
They will shut businesses and engage App stores to shut down applications that are infringing and abusive.
“We are also going to be writing interim regulations and some basic information for all these money lenders to provide information so that people will know who they are.
“Some of them are just Apps that we do not even know who the promoters are. We are going to provide certain frameworks for them to comply with‘’, Irukera added.
On complaints about insurance companies’ services, Irukera said a Memorandum of Understanding (MoU) with the National Insurance Commission (NAICOM) was underway.
The FCCPC chief gave early 2022 as the time-frame of delivery of the bilateral agreement.
| Posted: at | |
TRENDING GISTS 
Singer, Portable Weighs In On Mercy Johnson’s Drastic Weight Loss
I Faded Out Because I Became Less Ambitious’ Says Singer, Orezi
Ogun Female Broadcaster, Mrs. Bukola Agbakaizu Slumps And Dies at Work
Funke Akindele Makes List Of Hollywood’s ‘Most Influential Women In International Film’
VIDEO: Man Caught While Waiting For a Minor he Had Solicited S£x From Online
Rapper, Phyno Unveils His Daughter, Shares Adorable Video to Mark Her Second Birthday
Ex Madrid Player, Xabi Alonso Seals Managerial Move To Real Madrid As Ancelotti Bows Out