FULL LIST: FG Delists 38 Illegal Loan Apps

The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has taken action to delist 38 more illegal loan apps. This move is part of efforts to regulate the digital lending sector and protect consumers from potentially harmful practices.

As of the latest update, the number of fully approved loan apps in Nigeria has increased to 164, up from 154 in the previous update. The number of loan apps with conditional approval has decreased to 38 from 40, indicating stricter regulatory standards. Additionally, the number of apps on the FCCPC’s watchlist has grown to 56, indicating ongoing monitoring and scrutiny of digital lending platforms.

This regulatory action by the FCCPC follows its efforts to crack down on illegal loan apps and protect Nigerian consumers from harassment and unfair lending practices. The government has also requested the removal of such illegal apps from the Google Play Store to further curb their operations.

The aim is to create a safer and more transparent digital lending environment in Nigeria and ensure that consumers are not subjected to exploitative lending practices.

List of 38 newly delisted loan apps below:

1.  Swiftkash App
2.  Hen Credit Loan App
3. Cash Door App
4. Joy Cash-Loan Up To 1,000,000 App
5.  Eagle cash App
6. Luckyloan Personal Loan App
7. Getloan App
8. Easeloan Apps
9. Naira Naija
10. Cashlawn App
11. Easynaira App
12. Crediting App
13. Yoyi App
14. Nut Loan App
15. Cashpal App
16. Nairaeasy Gist Loan App
17. Camelloan App
18. Nairaloan App
19. Moneytreefinance Made Easy App
20. Cashme App
21. Secucash App
22. Credit box App
23. Cashmama App
24. Crimson Credit App
25. Galaxy Credit App
26. Ease Cash App
27. Xcredit
28. Imone
29. Naira Naij
30. Imoneyplus-Insta
31. Nairanaija-Instant
32. Nownowmoney
33. Naija Cash
34. Eagle Cash
35. Firstnell App
36. Flypay
37. Spark Credit
38. Luckyloan Personal Loan App