Exposed: Full list, profiles of 7 online loan apps shut down by FG

On Friday, March 11, 2022, the Federal Competition and Consumer Protection Commission (FCCPC) raided at least seven digital loan companies operating in Lagos over “possible violation” of consumer rights.

The operation led by the commission’s boss, Babatunde Irukera, was in response to several complaints of malpractices on the part of the lenders.