The Federal Competition and Consumer Protection Commission (FCCPC) said it has issued an order asking Google to immediately delete Swiftcash, Easynaira, and 16 other loan apps from the Play store.
The Commission in a statement signed by its Chief Executive Officer, Mr. Babatunde Irukera, said it just discovered that the apps have been operating on the Google Play store without regulatory approval or in violation of the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending.
Other apps to be removed from the Google platform include Getloan, Joy Cash-Loan, Camelloan, Cashlawn, Nairaloan, Eaglecash, Moneytreefinance Made Easy, Luckyloan and Cashme. The removal order also affects Crediting, Swiftkash, Hen Credit loan, Nut loan, Cash door, Cashpal, and Nairaeasy gist loan.
Irukera said the Commission would continue to engage with Google to clarify how and why apps that have not received relevant regulatory approvals are available on Google’s platform (Playstore).
