FCCPC Nigeria

FCCPC Nigeria Consumer Protection Council (CPC) is a Parastatal of the Federal Government of Nigeria, supervised by the Federal Ministry of Trade and Investment.

The Federal Competition & Consumer Protection Commission (FCCPC), formerly CPC, is the leading competition and consumer protection agency of the Federal Government of Nigeria. Our mandate requires us to, among others, eliminate hazardous products from the market, provide speedy redress to consumers complaints, undertake campaigns as will lead to increased consumer awareness, ensure that consumers

interest receive due consideration at the appropriate forum, and encourage trade, industry and professional associations to develop and enforce in their various fields quality standards designed to safeguard the interest of consumers.

FCCPC Urges Strict Compliance with Product Safety Standards on World Consumer Rights Day 2026The Federal Competition and...
26/03/2026

FCCPC Urges Strict Compliance with Product Safety Standards on World Consumer Rights Day 2026

The Federal Competition and Consumer Protection Commission (FCCPC) has called on manufacturers, distributors, and importers to strictly adhere to established standards and safety regulations in the sale of products to Nigerian consumers.

The Executive Vice Chairman of FCCPC, Mr. Tunji Bello, made the call in Abuja during this year’s World Consumer Rights Day celebration and the 9th National Consumers Contest Awards, themed “Safe Products, Confident Consumers.”

Mr. Bello, who was represented by the Director of Surveillance and Investigations at FCCPC, Mrs. Boladale Adeyinka, explained that the theme was selected to strengthen consumer confidence in the marketplace through improved product safety and standards.

He noted that product safety remains central to market integrity, consumer trust, and public welfare, emphasizing that uncertainty around safety weakens confidence and undermines market efficiency.

According to him, the Commission continues to encounter products across various sectors that fail to meet basic safety and quality standards. These include poorly labelled goods, substandard products, and cases of misrepresentation, often resulting from weak internal controls or poor compliance culture.

He added that in some instances, there appears to be a deliberate disregard for legal and regulatory obligations, exposing consumers to risks, weakening trust, and placing compliant businesses at a disadvantage. He stressed that product safety must be treated as a core obligation due to its significant public interest implications.

Mr. Bello further stated that the Commission’s efforts align with the Federal Government’s economic reform agenda under President Bola Ahmed Tinubu, which aims to strengthen market integrity, boost consumer confidence, and promote a rules-based business environment.

He explained that the Federal Competition and Consumer Protection Act, 2018 provides a clear legal framework, ensuring consumers have access to safe, durable, and fit-for-purpose goods, while businesses are obligated to meet these standards consistently.

He warned that products posing risks must be promptly withdrawn or recalled, with proper notice given to consumers, stressing that such actions are statutory requirements and not optional, with non-compliance attracting regulatory sanctions.

The FCCPC boss also highlighted that the Commission has intensified market surveillance and enhanced product testing in key sectors, adding that violations are investigated and appropriate enforcement actions taken when necessary.

He noted ongoing collaboration with sector regulators and national standards bodies to prevent unsafe products from entering or remaining in the market through coordinated efforts, information sharing, and joint interventions.

Mr. Bello clarified that while the Commission does not regulate prices, it ensures fairness and transparency in the market, taking action against practices that harm consumers or violate existing laws.

He emphasized the importance of collaboration among institutions such as the Competition and Consumer Protection Tribunal, the Standards Organisation of Nigeria, the National Agency for Food and Drug Administration and Control, and the Manufacturers Association of Nigeria in maintaining product standards.
He also acknowledged the critical role of the media in promoting consumer awareness and accountability through accurate reporting.

Highlighting the 9th National Young Consumers Contest, he said the initiative aims to build consumer awareness among young people, encouraging education, critical thinking, and responsible participation in the marketplace.

Mr. Bello advised consumers to remain vigilant by asking questions, checking product labels, and reporting any concerns, noting that active consumer participation strengthens protection efforts.

He reaffirmed the Commission’s commitment to safeguarding consumer rights and promoting fair market practices, adding that safe and reliable markets depend on responsible business conduct, effective regulation, and informed consumer engagement.

Stakeholders at the event commended the FCCPC for its consistent efforts in protecting the rights of Nigerian consumers.

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25/03/2026

Watch: "Safe Products, Confident Consumers"

FCCPC critical to safeguarding Nigeria’s business environment   - CJN* Tunji Bello canvasses awareness of competition la...
10/03/2026

FCCPC critical to safeguarding Nigeria’s business environment

- CJN

* Tunji Bello canvasses awareness of competition laws

The Chief Justice of Nigeria (CJN), Hon. Justice Kudirat M. O. Kekere-Ekun, GCON, has described the Federal Competition and Consumer Protection Commission (FCCPC) as a critical institution for safeguarding Nigeria’s business environment and protecting the integrity of the marketplace.

Justice Kekere-Ekun made the remark today (Tuesday) in Abuja while delivering the keynote address at the opening ceremony of a three-day Competition and Consumer Protection Law Conference holding at the National Judicial Institute (NJI), Jabi, Abuja.

“As the statutory authority responsible for enforcing competition and consumer protection laws, the Commission plays a vital role in safeguarding the integrity of the marketplace,” the CJN said.

The event was attended by top judicial officers, sector regulators, legal practitioners, scholars and policy experts, including Mr. Tunji Bello, Executive Vice Chairman and Chief Executive Officer of FCCPC; Hon. Justice M. L. Shuaibu, Presiding Justice of the Court of Appeal, Akure Division; Hon. Justice James Gambo Abundaga, Justice of the Court of Appeal, Asaba Division; Hon. Justice A. B. Mohammed, Justice of the Court of Appeal, Abuja Division; Hon. Justice B. A. Adejumo, Administrator of NJI; Mr. Louis Odion, Executive Commissioner (Operations) of FCCPC; Moyosore Onigbanjo, former Attorney General of Lagos State; Mr. Babatunde Irukera, former Executive Vice Chairman/CEO of the FCCPC; and Prof. Joseph Abugu, SAN.

Stressing the strategic role of FCCPC, the Chief Justice noted that the Commission occupies a pivotal position within Nigeria’s regulatory architecture, with responsibility for promoting fair competition and protecting consumers across critical sectors of the economy.

She explained that competition and consumer protection law has become one of the most dynamic areas of legal practice globally, driven by developments in digital markets, complex corporate structures and evolving consumer protection challenges.

“Across jurisdictions, competition and consumer protection law has rapidly evolved into one of the most dynamic and litigated fields of legal practice,” she said.

According to the CJN, the increasing complexity of modern markets means that courts may witness a growing number of disputes involving competition law, regulatory enforcement and consumer rights.

She therefore stressed the importance of sustained engagement between regulatory institutions and the judiciary to ensure effective interpretation and enforcement of the Federal Competition and Consumer Protection Act (FCCPA) 2018.

“Continuous dialogue and knowledge exchange between regulators and the judiciary are indispensable,” she added.

In his earlier remarks, Mr. Bello emphasised the need for greater awareness and understanding of competition and consumer protection laws among regulators, businesses and the judiciary.

“Competition and consumer protection law often finds its most practical expression in the courtroom,” Bello said.

“It is there that the legal principles governing markets are tested, clarified and given authoritative interpretation.”

He explained that the Federal Competition and Consumer Protection Act (FCCPA) 2018 established a comprehensive national framework for regulating anticompetitive conduct, protecting consumer welfare, reviewing mergers and acquisitions, and strengthening market surveillance in Nigeria.

Bello observed that modern markets are evolving rapidly due to technological innovation, digital commerce, cross-border transactions and increasingly complex business structures.

“Technological innovation, digital commerce, cross-border transactions and increasingly complex corporate structures continue to reshape how markets function,” he noted.

According to him, the increasing complexity of market disputes means courts are often required to examine economic evidence, expert testimony and market data when determining whether certain conduct restricts competition or harms consumer welfare.

Ondaje Ijagwu
Director, Corporate Affairs

Nigeria’s Chief Justice, Hon. Justice Kudirat M. O. Kekere-Ekun, has described the Federal Competition and Consumer Prot...
10/03/2026

Nigeria’s Chief Justice, Hon. Justice Kudirat M. O. Kekere-Ekun, has described the Federal Competition and Consumer Protection Commission (FCCPC) as a critical institution for safeguarding Nigeria’s business environment and protecting the integrity of markets.

She made the remark in Abuja at the opening of a three-day Strategic Judicial Training Programme on Competition and Consumer Protection Law at the National Judicial Institute.

See slides for the full story.

10/03/2026
FCCPC: Tell us, is air travel also not for the poor?By Bola BOLAWOLEturnpot@gmail.com 0807 552 5533, 0803 251 0193David ...
07/03/2026

FCCPC: Tell us, is air travel also not for the poor?

By Bola BOLAWOLE
[email protected] 0807 552 5533, 0803 251 0193

David Alechenu Bonaventure Mark, remember him? This man was the military governor of Niger state between 1984 and 1986 (straddling the military juntas of Muhammadu Buhari and Ibrahim Babangida). He, therefore, must have been a prominent member of the group that staged the coup that ousted the country’s first (though, fraudulently?) elected civilian president, Shehu Shagari, thereby truncating democracy in Nigeria.

It is a measure of the forgetfulness of Nigerians, their I-don’t-care attitude to public probity and rectitude, and the fact that there is no consequence for bad behaviour here, that the same man, after pulling off his uniform, was not only elected a senator of the Federal Republic, representing Benue South constituency from 1999 to 2019, he was also the longest-serving president of the upper chamber from 2007 to 2015.

Currently, he serves as the chairman of the opposition conglomerate called the African Democratic Congress (ADC). Those who truncated democracy at home now tout themselves as African democrats! Their charity begins not at home but abroad! So, like Olusegun Obasanjo and Muhammadu Buhari, Mark is another topnotch beneficiary of the same democracy they had truncated.

Mark was also Nigeria’s Minister of Communication (during the military junta of Babangida) between January 1988 and June 1990. He will forever be remembered for his statement that telephones are not for the poor; never mind the spirited efforts made later to white-wash and whittle down the impact of that statement!

Maybe we should digress a little to put that ignoble effort at re-writing history to the sword straight away. Here is what they said: “In Nigeria, myths always are garnished and promoted to facts. Up till tomorrow, Nigerians will quote David Mark as saying telephone is not for the poor. But what he said as Minister of Communication was that NITEL would disconnect the lines of its debtors. He said they could not claim that they were too poor to settle their bills. Poor people, he added, didn’t own telephones. The headline the following day was ‘Telephone is not for the poor - David Mark’”.

Now, judge! What can you infer from that statement by David Mark? How do you interpret it? Since you own a telephone line, you are not poor; so pay for it. If you are poor, you cannot own a telephone line because you cannot pay for it! To own a telephone line, you must be rich, not poor! Wetin poor man dey take find telephone? Who dash monkey bananas? Ask any sub-editor worth his salt to cast that headline, it will still be “Telephone is not for the poor!” The inference is clear and direct. In all modesty and with a deep sense of humility, I have been editor many times over, and the same headline is what I will cast!

Talking seriously, however, David Mark was correct. Those were the days when telephones were really not for the poor. People had to keep vigil at NITEL offices to make calls. The telephone box was a status symbol. At PUNCH newspapers at the time, only three of us carried the Mobitel 090 luggage of a phone - the Chairman, Chief Ajibola Ogunshola; the MD, Demola Osinubi; and my humble self, Bola Bolawole, as the editor. But, today, how does David Mark feel seeing that telephones are no longer for the rich but every Tom, Dick, and Harry carries a phone?

Those who were in positions but offered nothing to improve the life of the people, who again gallivant seeking leadership positions, we should ask them what they did with the opportunities that came their way!

That is one reason for this digression. The other is to hope that one day, air travel, which today is not for the poor, will also become available and affordable to the poor as well!

How many Nigerians can afford air travel today? Except you are a political appointee. Top government official. You work in an organization that foots the bill. You live and luxuriate on the proceeds of crime. Very few people spending hard-earned money can still afford air travel.

To complicate matters for the citizenry are the twin evils of bad roads and insecurity. You must pray, do vigil and commit your ways into the hands of God before travelling on our roads these days. When people complain about the proliferation of airports, the hazards of road travel account majorly for it. Those in leadership positions taking the decision to build all sorts of phoney airports under all manner of guises simply want to avoid the road. And they can afford it because they fall within the categories listed above of those who can still pay the cut-throat air fares charged by shylock airlines.

Hence, my interest when I read of the efforts of the Federal Competition and Consumer Protection Commission (FCCPC) to investigate the way airlines inflate and skyrocket air fares like the typical Lagos “molue” and “danfo” drivers. Once there is a crowd at bus stops and at airports, fares flare! During festive periods when people have to travel, they hike fares to collect “owo odun!” Once buses or aircraft scarcity is experienced, passengers and travellers must pay triple fares. There is hardly any noticeable difference between the motor parks and our nation’s airports!

I also read of the intransigence of the Airline Operators of Nigeria, trying to rubbish the FCCPC initiative. The FCCPC must not buldge but should carry the initiative also to the foreign airlines like it has vowed. Some of the preliminary findings of the FCCPC are damning enough. A report that I read had this to say:

“A review undertaken by the Federal Competition and Consumer Protection Commission (FCCPC) has uncovered patterns of price manipulation perpetrated by some local airlines during the last festive season. The findings are contained in the interim report released … by the Commission’s department of Surveillance and Investigations...

“The report compares domestic airline pricing from the December 2025 festive period with post-peak January 2026 fare levels. Preliminary analysis indicates that fares recorded during the December peak were materially higher than those observed in the post-peak period across several routes despite relative stability in critical operating variables like fuel price, government taxes and foreign exchange. The differences observed in fares therefore appear to reflect airlines’ arbitrary pricing decisions, including yield management and capacity allocation, rather than any variation in regulatory fees…

“Commenting… the Executive Vice-chairman and Chief Executive Officer of the FCCPC, Mr. Tunji Bello, said the review is part of the Commission’s statutory responsibility to promote competitive markets and safeguard consumers. ‘This assessment is intended to provide clarity on pricing behaviour during predictable peak travel periods. The Commission’s role is not to disrupt legitimate commercial activity but to ensure that market outcomes remain consistent with competition and consumer protection principles under the law’”, Bello was quoted as saying.

Yes, consumers rights must be protected. This is a country under law, and not one governed according to the whims and caprices of buccaneers. As would be expected, the airline operators have responded, albeit hastily, to the FCCPC, shipping it off as ignorant! A news report that I read put it this way:

“Domestic airlines, under the aegis of the Airline Operators of Nigeria (AON), have strongly dismissed allegations of price manipulation and fixing brought by the Federal Competition and Consumer Protection Commission (FCCPC)… Reacting, AON raised concerns over the agency’s interference in ticket pricing, saying it is detrimental to the survival of domestic operators. AON, which dismissed the outcome of the probe, said FCCPC lacked knowledge about the economics of airlines and did not possess the professional expertise to engage in how airlines fix prices.”

Really! Is airline operation rocket science? Or are the AON re-inventing the wheel as far as airline management is concerned? Professor Obiora Okonkwo, who spoke for AON, said he was yet to read the details of the FCCPC report; yet, he had gone ahead to dismiss it as hogwash!

“They don’t know the economics of airlines and do not possess the professional expertise to dabble into how prices are fixed. They don’t understand airline operations and as far as the AON is concerned, they are playing to the gallery and should not be taken seriously”, he said.

Waooh! Some professors! Someone who was yet to avail himself with the full details of a report; yet, felt comfortable enough to disparage the organization and thrash its report - just like that!

Back to my question as we draw the curtains: Is air travel also not for the poor? I am sure you know this question is hypothetical and the answer is not one dangling in the air. Air travel is not for the poor as we speak, just like telephones were not for the poor in 1989. In this, David Mark and Professor Okonkwo appear as kindred spirits.

But in future, possibly in our own lifetime, one of two things will happen: Either air fares will descend from its high horse and Olympian height to meet the poor or Nigeria’s poor would have been taken out of poverty - like Chinese leaders have taken hundreds of millions of their people out of poverty within a generation - to a point where air travel, like telephone, will no longer be the exclusive preserve of the rich.

Let the FCCPC keep holding their feet to the fire!

* Former editor of PUNCH newspapers, Chairman of its Editorial Board and Deputy Editor-in-chief, BOLAWOLE was also the Managing Director/Editor-in-chief of The Westerner news magazine. He writes the ON THE LORD'S DAY column in the Sunday Tribune and TREASURES column in New Telegraph newspaper on Wednesdays. He is also a public affairs analyst on radio and television.

  David Alechenu Bonaventure Mark, remember him? This man was […]

Ex-FCCPC boss, aviation stakeholders disagree on price-fixing claimsBy : Olusegun KoikiFormer Executive Vice Chairman/Ch...
07/03/2026

Ex-FCCPC boss, aviation stakeholders disagree on price-fixing claims

By : Olusegun Koiki

Former Executive Vice Chairman/Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), Babatunde Irukera, has called on domestic airlines to respond substantively to the commission’s observations on fair pricing, rather than dismissing its competence.

Irukera, who led the commission for nearly seven years, said the FCCPC’s findings on airfare during peak travel periods, especially during the last Yuletide, were based on rigorous data analysis and not conjecture.

He explained that the investigators would have examined fare patterns on specific domestic routes during the last holidays and compared them with post-holiday pricing on the same routes.

According to him, the review also addressed government-imposed charges within the same period, Jet A1 costs, foreign exchange fluctuations and load factors, among others.

He said, “Of course, FCCPC is not ignorant or lacking in knowledge. Data don’t lie. The numbers are what they are.

“It’s actually disingenuous and intellectually lazy to just flippantly say the agency is ignorant or lacks expertise without being able to identify the specific areas of investigative failures or improbable conclusions.”

But the Chief Operating Officer (COO) of United Nigeria Airlines (UNA), Osita Okonkwo, challenged FCCPC to conduct more research on airline economics before concluding on the price-fixing allegation.

Okonkwo also noted that during the Yuletide, most airlines return empty on return legs, among other industry challenges.

Also, an aviation analyst, Gbenga Onitilo, mentioned Jet A1 price volatility, foreign exchange pressures, dollar-denominated aircraft leases, overseas maintenance (MRO), insurance premiums, airport and navigational charges, inflationary pressures and financing costs as some of the challenges affecting Nigerian domestic airlines.

The former Rector of the Nigerian College of Aviation Technology (NCAT), Zaria, Samuel Caulcrick, cautioned against questioning the commission’s expertise.

He posited that the FCCPC included officials with aviation regulatory backgrounds and urged airlines to defend their positions with evidence, rather than outright condemnation.
https://guardian.ng/news/ex-fccpc-boss-aviation-stakeholders-disagree-on-price-fixing-claims/ #:~:text=MENU,ALL%20RIGHTS%20RESERVED

Ex-FCCPC boss, aviation stakeholders disagree on price-fixing claimsBy : Olusegun KoikiFormer Executive Vice Chairman/Ch...
05/03/2026

Ex-FCCPC boss, aviation stakeholders disagree on price-fixing claims

By : Olusegun Koiki

Former Executive Vice Chairman/Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), Babatunde Irukera, has called on domestic airlines to respond substantively to the commission’s observations on fair pricing, rather than dismissing its competence.

Irukera, who led the commission for nearly seven years, said the FCCPC’s findings on airfare during peak travel periods, especially during the last Yuletide, were based on rigorous data analysis and not conjecture.

He explained that the investigators would have examined fare patterns on specific domestic routes during the last holidays and compared them with post-holiday pricing on the same routes.

According to him, the review also addressed government-imposed charges within the same period, Jet A1 costs, foreign exchange fluctuations and load factors, among others.

He said, “Of course, FCCPC is not ignorant or lacking in knowledge. Data don’t lie. The numbers are what they are.

“It’s actually disingenuous and intellectually lazy to just flippantly say the agency is ignorant or lacks expertise without being able to identify the specific areas of investigative failures or improbable conclusions.”

But the Chief Operating Officer (COO) of United Nigeria Airlines (UNA), Osita Okonkwo, challenged FCCPC to conduct more research on airline economics before concluding on the price-fixing allegation.

Okonkwo also noted that during the Yuletide, most airlines return empty on return legs, among other industry challenges.

Also, an aviation analyst, Gbenga Onitilo, mentioned Jet A1 price volatility, foreign exchange pressures, dollar-denominated aircraft leases, overseas maintenance (MRO), insurance premiums, airport and navigational charges, inflationary pressures and financing costs as some of the challenges affecting Nigerian domestic airlines.

The former Rector of the Nigerian College of Aviation Technology (NCAT), Zaria, Samuel Caulcrick, cautioned against questioning the commission’s expertise.

He posited that the FCCPC included officials with aviation regulatory backgrounds and urged

FCCPC Named Government Agency of the Year 2025 at Leadership ConferenceThe Federal Competition and Consumer Protection C...
12/02/2026

FCCPC Named Government Agency of the Year 2025 at Leadership Conference
The Federal Competition and Consumer Protection Commission, FCCPC, has been named Government Agency of the Year 2025 at the 18th Leadership Annual Conference and Awards held in Abuja.
According to the organisers, the award recognises the Commission’s enforcement activities, consumer redress efforts, and regulatory interventions in key sectors of the economy.
The event took place at the Bola Ahmed Tinubu International Conference Centre on Thursday, February 12, 2026, under the theme: “Political Stability and Sustainable Development in Africa in an Increasingly Unstable Global System: A Roadmap for Nigeria.”
The citation at the award ceremony highlighted the Commission’s regulatory oversight of digital lending operations, the expansion of consumer complaint channels, and the deployment of internal case-tracking systems to improve efficiency and transparency in investigations and dispute resolution.
In recent years, the Commission has undertaken enforcement actions resulting in monetary recoveries and consumer refunds across sectors including digital lending, aviation, telecommunications, and consumer goods. Acting pursuant to its statutory mandate under the Federal Competition and Consumer Protection Act 2018, the FCCPC has continued investigations into anti-competitive conduct, misleading practices, and exploitative business behaviour.
Reacting to the award, the Executive Vice Chairman and Chief Executive Officer of the Commission, Mr. Tunji Bello, said that the recognition reflects the collective efforts of staff nationwide and reinforces the Commission's obligation to strengthen enforcement and consumer protection mechanisms.
He noted that the Commission would continue to apply its statutory powers in promoting fair competition, protecting consumers, and addressing emerging risks in sectors such as digital finance and e-commerce.
The EVC received the award on behalf of the Commission. It was presented by the Chairman of Leadership Newspapers, Zainab Nda-Isaiah. Also present at the event were the Executive Commissioner, Operations, Mr Louis Odion; the Executive Commissioner, Corporate Servic

RELEASE: Digital Lending Rule: FCCPC Goes After ViolatorsThe Federal Competition and Consumer Protection Commission (FCC...
21/01/2026

RELEASE: Digital Lending Rule: FCCPC Goes After Violators

The Federal Competition and Consumer Protection Commission (FCCPC) has commenced a phased implementation of enforcement measures in respect of Digital Money Lending (DML) operators that did not regularise their status in accordance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations).

The deadline was Monday, 5 January 2026.

Speaking on the commencement of enforcement measures, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr. Tunji Bello, stated that the actions were necessary to give effect to the Regulations and to maintain regulatory certainty in Nigeria’s digital lending market, in line with the Commission’s statutory mandate.

“The compliance window provided under the Regulations has now closed. At this stage, the Commission is proceeding with appropriate enforcement steps in a manner that is fair, orderly, and consistent with due process,” Mr. Bello said. “The objective is to promote discipline, transparency, and consumer confidence within the digital lending space, not to disrupt legitimate business activity.”

As part of the approved enforcement framework, the Commission has withdrawn the conditionally approved status previously granted to certain DML operators that did not complete the required regularisation process within the transitional period.

Consequently, such operators have been removed from the FCCPC’s published register of approved digital lenders, pending compliance with applicable regulatory requirements.

Mr. Bello noted that the Commission’s published register serves as an important consumer information tool.

“The FCCPC’s register is intended to guide the public on operators that have met the applicable regulatory requirements as at the time of publication. Consumers are advised to exercise caution when dealing with digital lenders that do not appear on the Commission’s current list of approved operators,” he said.

The Commission has also commenced structured engagement with relevant application hosting platforms and payment service providers, consistent with its statutory functions, as part of ongoing enforcement and compliance monitoring activities. Further regulatory steps will be undertaken in accordance with law and established procedures.

For those provisionally designated as eligible under transitional arrangements, the Commission has issued a deadline of April 2026 to regularise their registration under the DEON Regulations.

“This window is provided to enable affected operators to take steps towards compliance. Operators that choose not to regularise their status within this period may be subject to further regulatory measures, as provided under the law,” Mr. Bello stated.

The FCCPC emphasised that the ongoing enforcement process is intended to support market discipline, protect compliant operators from unfair competitive practices, and safeguard consumers from abusive, deceptive, or unlawful conduct.

“Effective regulation depends on consistent application. Compliant businesses deserve a predictable regulatory environment, and consumers are entitled to protection under the law,” Mr. Bello added.

The Commission reaffirmed its commitment to transparent regulation, fair competition, and effective consumer protection across Nigeria’s digital economy.

Ondaje Ijagwu
Director, Corporate Affairs

RELEASE: Digital Lending Rule: FCCPC Goes After ViolatorsThe Federal Competition and Consumer Protection Commission (FCC...
21/01/2026

RELEASE: Digital Lending Rule: FCCPC Goes After Violators

The Federal Competition and Consumer Protection Commission (FCCPC) has commenced a phased implementation of enforcement measures in respect of Digital Money Lending (DML) operators that did not regularise their status in accordance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations).

The deadline was Monday, 5 January 2026.

Speaking on the commencement of enforcement measures, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr. Tunji Bello, stated that the actions were necessary to give effect to the Regulations and to maintain regulatory certainty in Nigeria’s digital lending market, in line with the Commission’s statutory mandate.

“The compliance window provided under the Regulations has now closed. At this stage, the Commission is proceeding with appropriate enforcement steps in a manner that is fair, orderly, and consistent with due process,” Mr. Bello said. “The objective is to promote discipline, transparency, and consumer confidence within the digital lending space, not to disrupt legitimate business activity.”

As part of the approved enforcement framework, the Commission has withdrawn the conditionally approved status previously granted to certain DML operators that did not complete the required regularisation process within the transitional period.

Consequently, such operators have been removed from the FCCPC’s published register of approved digital lenders, pending compliance with applicable regulatory requirements.

Mr. Bello noted that the Commission’s published register serves as an important consumer information tool.

“The FCCPC’s register is intended to guide the public on operators that have met the applicable regulatory requirements as at the time of publication. Consumers are advised to exercise caution when dealing with digital lenders that do not appear on the Commission’s current list of approved operators,” he said.

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No. 23 Jimmy Carter Street, Asokoro
Abuja
900231

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Monday 08:00 - 16:00
Tuesday 08:00 - 16:00
Wednesday 08:00 - 16:00
Thursday 08:00 - 16:00
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+2348056003030

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