Nigeria's consumer protection agency orders Google to remove money lending companies from app

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?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »