has ordered Google Play Store to pull down four money lending companies for “escalating unethical, obnoxious and unscrupulously exploitative practices in the industry.”
to tackle “possible violation” of consumer rights where at least seven loan companies including Soko Loan were raided.The commission’s boss said that some lending companies including Soko Loan who have been subject of investigation “have devised methods to leverage on technology and other financial services alternatives to circumvent account freezing and app suspension Orders.
“For apps not on the Play Store, the Commission continues to trace what platforms they are hosted on in order to disable them; the Commission invites any information from the public in this regard.” “The Commission has also ordered telecommunication/ technology companies ) to cease and desist providing server/hosting or other key services such as connectivity to disclosed or known lenders who are targets/subjects of investigation or otherwise operating without regulatory approval,” the statement reads.
I agree with that
Why?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FCCPC orders Flutterwave, Opay, Paystack to stop servicing loan sharksThe Federal Government has ordered financial technology companies (FinTechs) to stop providing payment and transaction services to digital money lenders. DavidHundeyin
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Report: China attacks Russian cyberspaceA group of Chinese hackers has attacked several government agencies and defense companies in Russia, a cybersecurity company, Kaspersky Laboratory, has said.
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »
Total blackout imminent today despite NERC tariff, market contractsNationwide darkness may hit Nigeria today as electricity workers at the Transmission Company of Nigeria (TCN) threaten strike action. No power supply in my area for more than 24hours now What's there problem now The Imperial examination system of China is from the 6th Dynasty & its influence pervades Chinese cultural values to this day. Politicians go through it to rise within the party in China. TCN workers want promotions without examinations & want to put the country in darkness.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
TCN confirms shut down of national grid | The Guardian Nigeria News - Nigeria and World NewsThe Transmission Company of Nigeria (TCN) on Wednesday, said that the national grid has been shutdown following the industrial dispute by the two in-house unions in the company. One minute the strike have been called off, the next minute, national grid is shut down. Is there any notable difference between now and when it wasn't shutdown Don't think so What a disastrous country. A huge and complete mess.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
TCN confirms shut down of national gridThe Transmission Company of Nigeria (TCN) on Wednesday, said that the national grid has been shutdown following the industrial dispute by the two in-house unions in the company.
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »
TCN: Blackout looms as Lagos Disco stops operationsThe Ikeja Electricity Distribution Company has announced a shutdown of operations following the issues between the National Union of Electricity Employees and the Transmission Company of Nigeria. They just off it from this side too nawa ooooo The logos emi lokan turned to London 🤣😂 They should leave the light on and go on their strike nah. Why put it off before going?
Source: MobilePunch - 🏆 8. / 63 Read more »