digital banking

Nigerian government cracks down on 6 illegal digital lenders

On Friday, three Nigerian federal government agencies—the Federal Competition and Consumer Protection Commission (FCCPC), the National Information and Technology Development Agency (NITDA), and the Independent Corrupt Practices and Related Offences Commission (ICPC)—worked together with the Nigerian police force to raid some illegal financial institutions based on Opebi Road in Ikeja, Lagos, Nigeria. Digital lending platforms…