EFCC: Loan issuers intimidating vulnerable Nigerians who have defaulted to be banned from giving loans

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The Federal Competition and Consumer Protection Commission (FCCPC) has declared that a joint board to handle organizations working illicitly and those badgering clients has been set up. (adsbygoogle = window.adsbygoogle || []).push({});

This was uncovered by the FCCPC Chief, Mr Babatunde Irukera on Sunday in Abuja.

The group incorporates agents 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 board of trustees has been entrusted to think of rules cash loaning organizations should comply.

They will close organizations and connect with App stores to close down applications that are encroaching and oppressive.

“We are additionally going to compose break guidelines and some fundamental data for this multitude of cash loan specialists to give data so that individuals will know what their identity is.

(adsbygoogle = window.adsbygoogle || []).push({}); “Some of them are simply Apps that we don’t have a clue who the advertisers are. We will give specific structures to them to consent to”, Irukera added.

On grievances about insurance agencies’ administrations, Irukera said a Memorandum of Understanding (MoU) with the National Insurance Commission (NAICOM) was in progress.

(adsbygoogle = window.adsbygoogle || []).push({}); The EFCC boss reassured reporters that the two factor agreement will take effect from early next year, he said. (adsbygoogle = window.adsbygoogle || []).push({});

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