FCCPC Unveils Rules To End Loan App Harassment, Impose ₦100m Sanctions By Nosakhale Akhimien | Updated September 3, 2025 The Federal Competition and Consumer Protection Commission (FCCPC) has introduced new regulations to curb harassment, data breaches, and other unethical practices by digital lenders in Nigeria. Unveiled by FCCPC CEO Tunji Bello in Abuja, the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation) 2025—effective from July 21—mandate all digital lenders to register with the Commission within 90 days and comply with strict transparency and consumer protection standards. Key provisions include a ban on pre-authorised lending, unethical marketing, and automatic loan approvals, while requiring clear loan terms, data protection, and local ownership of at least one service provider for airtime and data lending. Non-compliant operators face fines of up to ₦100 million or 1% of turnover, with possible director disqualification for five years. The FCCPC also urged consumers to report unlawful or unregistered loan apps and exploitative practices.

Tinubu Nominates Ummusalma Rabiu & Louis Odion for Top FCCPC Roles — Senate Confirmation Awaited President Bola Ahmed Tinubu has nominated Ummusalma Isiyaku Rabiu as Executive Commissioner for Corporate Services and Louis Odion as Executive Commissioner, Operations at the Federal Competition and Consumer Protection Commission (FCCPC). The announcement was made by Bayo Onanuga, Special Adviser to the President on Information and Strategy, via his official Facebook page. Both appointments are subject to Senate confirmation in line with the FCCPC Act, 2018. Ummusalma Rabiu, 35, from Kano State, is the daughter of prominent businessman Isiyaku Rabiu and founder of the Usir Foundation, a non-profit dedicated to empowering disadvantaged communities through education, skills training, and humanitarian support. A Business Administration graduate, she is recognized for her advocacy for inclusive governance and youth and women’s political participation. Louis Odion, from Edo State, is a seasoned journalist and former Senior Technical Assistant on Media to Vice President Yemi Osinbajo. He also served as Edo State Commissioner for Information and holds Master’s degrees in Modern War Studies and International Law & Diplomacy. Known for his expertise in media strategy and policy communication, Odion brings a wealth of operational leadership experience to the FCCPC. These nominations reflect the administration’s push for youthful leadership, professional expertise, and inclusive governance in key regulatory bodies. Analysts believe the duo’s blend of innovation, experience, and civic engagement will strengthen the FCCPC’s mission to protect consumer rights, ensure fair competition, and uphold accountability. #Tinubu #FCCPC #UmmusalmaRabiu #LouisOdion #NigeriaPolitics #ConsumerRights #Leadership

SAN Drags Overland Airways to FCCPC Over 'Exploitative' Airfare Hike! Renowned Senior Advocate of Nigeria, AbdulHakeem Uthman Mustapha, has petitioned the Federal Competition and Consumer Protection Commission (FCCPC) over what he described as unjust airfare exploitation by domestic carrier, Overland Airways. The petition, dated August 4, 2025, and addressed to FCCPC Chief Tunji Bello, was sighted by DAILY POST on Tuesday. Mustapha is urging the commission to probe the alleged sharp practices and take necessary action to protect consumers from unfair pricing in Nigeria’s aviation sector. #OverlandAirways #FCCPC #ConsumerRights #AirfareHike #SANAbdulHakeemMustapha #TunjiBello #AviationWatch #NigerianTravel

FCCPC summons Air Peace over 'non-refunds' for cancelled flights

“MTN Nigeria’s CEO and others face court over alleged obstruction of FCCPC investigation, highlighting accountability in corporate governance.” — According to Nigeria Stories