FCCPC Suspends 2025 Digital Lending Rules as Court Sets July 20 Hearing
Updated
Updated · Peoples Gazette · Jun 7
FCCPC Suspends 2025 Digital Lending Rules as Court Sets July 20 Hearing
1 articles · Updated · Peoples Gazette · Jun 7
Summary
FCCPC halted implementation and enforcement of its 2025 digital, electronic, online and other non-traditional consumer lending regulations after a Federal High Court order in Lagos.
The suspension follows an ex parte order in suit FHC/L/CS/760/2026, filed by the Wireless Application Service Providers Association of Nigeria, with the substantive case set for July 20.
Ondaje Ijagwu, the commission’s corporate affairs director, said FCCPC would fully comply with the order while pursuing lawful processes in the case.
The DEON rules were introduced to curb predatory loan-app practices, data-privacy abuses and unethical debt-collection tactics, leaving those measures on hold until the court rules.