Court Upholds FCCPC's Power to Regulate Digital Lending
A court has upheld the Federal Competition and Consumer Protection Commission's (FCCPC) authority to regulate digital lending platforms, dismissing a lawsuit filed by the Association of Digital Lenders (WASPAN). WASPAN had challenged the FCCPC's powers, but the court affirmed the commission's regulatory oversight.
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WASPAN challenges FCCPC’s digital lending powers at Court of Appeal
WASPAN also filed a motion seeking an injunction restraining the FCCPC from enforcing the DEON Regulations pending the hearing and determination of the appeal. The post WASPAN challenges FCCPC’s digital lending powers at Court of Appeal appeared first on Premium Times Nigeria.
By Emmanuel Agbo
Read full article →Court upholds FCCPC’s powers to regulate digital lending, dismisses WASPAN’s suit
A Federal High Court in Lagos has affirmed the FCCPC’s powers to regulate Nigeria’s digital lending market, dismissing WASPAN’s suit. Learn more about the Read More: https://punchng.com/court-upholds-fccpcs-powers-to-regulate-digital-lending-dismisses-waspans-suit/
By Punch Newspapers
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