Latest
Court Blow: Federal Competition And Consumer Protection Commission Hit As Lending Rules Enforcement Suspended
A Federal High Court in Lagos has temporarily stopped the Federal Competition and Consumer Protection Commission from enforcing certain provisions of its newly introduced Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025.....KINDLY READ THE FULL STORY HERE▶
Justice Ambrose Lewis-Allagoa issued the interim order following an ex-parte application filed by the Wireless Application Service Providers Association of Nigeria, pending the outcome of the main suit.
WASPA Nigeria had approached the court on April 14, 2026, seeking urgent intervention to halt the implementation of key aspects of the regulatory framework, commonly referred to as the Deon Consumer Lending Regulations.
The association argued that the rules could adversely affect its members operating within Nigeria’s digital lending and online services space. It specifically asked the court to restrain the enforcement of several sections of the regulations, including paragraphs 3, 7, 10, 12, 13, 14, 15, 16, 24, 27, 29, and 32.
After considering submissions from the applicant’s counsel, led by Kemi Pinheiro (SAN), alongside Bolu Agbaje Akadri and Muyiwa Odubela, the court ruled that there were sufficient grounds to grant interim relief.
The judge consequently barred the FCCPC from implementing the contested provisions and from imposing any sanctions, penalties, or fines on members of the association.
The court also restrained the commission from issuing directives or taking actions that could disrupt the operations of the affected service providers, and ordered that WASPA members be allowed to continue operating under the existing framework.
The interim order will remain in effect until the court hears and decides on the motion for an interlocutory injunction. The case has been adjourned to April 27, 2026, for further proceedings.
The FCCPC had introduced the regulations as part of efforts to strengthen oversight of Nigeria’s rapidly expanding digital lending and fintech sector, with a focus on consumer protection, data privacy, and curbing unregulated lending practices.
Ize Iyamu’s Continuous Stakeholder Consultations Reshape Political Dynamics in Edo South
Sh*ckwaves In Opposition Camp As Peter Obi Speaks On Atiku’s Exit Strategy
Political Tension Rises As Osun APC Disowns Viral Video Alleging Ogunbiyi Link
Tension in Ibadan: Makinde, Assembly, And Traditional Throne Dragged Into ₦1bn Inducement Saga
Atiku Abubakar Slams National Broadcasting Commission Advisory, Warns Of Press Freedom Threat
Abba Kabir Yusuf Declares: ‘I Am APC Leader In Kano, Ganduje Can’t Give Me Orders
Here’s What Happened” — Ex-Army Chief Buratai Speaks On Borno Airstrike Tragedy
Succession Buzz: Olusi Reveals Who May Replace Sanwo-Olu In 2027
Amaechi Sparks Debate: Atiku’s Electoral Strength May Be Confined To The North
