
The Federal Government has asked has asked Google to delete 18 digital money lending companies’ (DMLs) apps from the Play Store, over violation of registration rules.
In a statement issued on Wednesday on behalf of the commission signed by Babatunde Irukera, its Chief Executive Officer (CEO).
Affected DMLs are; Getloan, Camelloan, Cashlawn, Nairaloan, Eaglecash, Moneytreefinance Made Easy, Luckyloan Personal Loan, and Joy Cash-Loan Up to 1,000,000.
Also includes Cashme, Easynaira, Swiftcash, Crediting, Swiftkash, Hen Credit loan; Nut loan; Cash door; Cashpal, and Nairaeasy gist loan.
Commission said the aforenamed companies, although registered, will cease to operate unless they provide a proof of compliance with the limited interim regulatory/registration framework and guidelines for digital lending, 2022.
The digital money lending companies have been given five days to make submission of their proves.
Share this content: