Group backs delisting of illegal digital loan apps

By Francis Akinnodi | The Money Lenders Association (MLA) in Nigeria, has extolled efforts by Federal Government to sanitise the digital lending space via its move to delist any loan application that harassed Nigerians. President, MLA, Gbemi Adelekan made this known while speaking with newsmen. The Hope recalls that the Federal Government through the Federal Competition and Consumer Protection Commission (FCCPC) said it would ask Google to permanently delete such loan apps from its app store. Chief Executive Officer, FCCPC, Babatunde Irukera, said the commission was ready to permanently shut down the activities of these apps in response to the continued harassment of Nigerians by digital lenders. The MLA president said the association condemned in its entirety, the unprofessional act of harassment perpetrated by some unscrupulous lending organisations which were not MLA members. He lauded the intervention of FCCPC in streamlining and sanitising the digital lending space to reduce and eliminate activities of some lenders operating in an unethical manner.