Business Headline News Nigeria

FCCPC extends registration deadline for DMLs

The Federal Competition and Consumer Protection Commission (FCCPC) has extended the deadline for the registration of Digital Money Lenders (DMLs) to the end of March this year. 

This was to ensure the registration of the lenders whose registration was still in process, and to prevent significant market disruptions.

The Executive Vice Chairman of FCCPC, Mr Babatunde Irukera said it was in furtherance of the collaboration of the Inter-Agency Joint Task Force. 

He noted, however, that several Lenders were yet to provide all relevant documentation to complete their registration process.

Reporting by Victoria Chimezie; Editing by Fany Olumoye, Julian Osamoto & Adeniyi Bakare