Connect with us

Hi, what are you looking for?

Metro

FG Shuts Down Illegal Online Banks, Freezes Business Accounts

The Federal Competition Consumer Protection Commission, FCCPC, in collaboration with the Independent Corrupt Practices and other Related Offences Commission, ICPC, National Information Technology Development Agency, NITDA and the Nigerian Police Force, on Friday, raided some illegal financial institutions operating on Opebi Road, Ikeja, Lagos.

Among the financial institutions affected were GoCash, Okash, EasyCredit, Kashkash, Speedy Choice, Easy Moni.

The raid, the FCCPC said, was in response to customers’ complaints of malpractices by the financial institutions.

Speaking during the raid, the Chief Executive Officer, FCCPC, Babatunde Irukera, explained that customers had accused the financial institutions of violating their privacy in their debt recovery drive.

He said the agency had begun investigations into the allegations since 2020.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

Tech

Mrs. Bella Disu, Executive Vice Chairman of Globacom says the company is poised to help drive the realization of the Federal Government’s digitalization agenda....

Tech

E-Commerce giant with reputation for integrity and trust, Konga Online, has partnered with global OEMs like Samsung, Apple, Starlink, HP, Lenovo, Hisense, Zinox, Philips,...

News

Economic and Financial Crimes Commission has barred foreign missions based in Nigeria from transacting in foreign currencies and mandated them to use Naira in...

News

A Federal High Court, Abuja, on Friday granted the application by the Economic and Financial Crimes Commission (EFCC) for the former Governor of Kogi,...