According to a new report from the Federal Competition and Consumer Protection Commission (FCCPC), the number of delisted loan apps has increased from nine to 37.
The report also reveals that the number of fully approved loan apps has grown to 164 from 154. However, the number of loan apps with conditional approval has dropped from 40 to 38. Furthermore, the FCCPC’s watchlist has expanded from 20 to 56 loan apps.
This surge in delisted loan apps follows the FCCPC’s efforts to shake up the digital money lending space, prompted by reports of Nigerian citizens being harassed by lenders. The commission notes that the delisted apps have been permanently removed from the Google Play Store.
Among the apps listed as delisted are Swiftkash App, Hen Credit Loan App, Cash Door App, Joy Cash-Loan Up To 1,000,000 App, Eaglecash App, Luckyloan Personal Loan App, Getloan App, Easeloan Apps, Naira Naija, Cashlawn App, Easynaira App, Crediting App, Yoyi App, Nut Loan App, Cashpal App, Nairaeasy Gist Loan App, Camelloan App, Nairaloan App, Money.