DEON: Over 40m telecom subscribers risk fresh airtime lending disruption
By Innocent Anaba No fewer than 40 million low-income Nigerians who rely on airtime borrowing services may again face disruption if the Federal Competition and Consumer Protection Commission FCCPC, resumes full enforcement of its Digital, Electronic, Online or Non-Traditional Consumer Lending, DEON, Regulations 2025 before the determination of an appeal, the Wireless Application Service Providers Association of Nigeria, WASPAN, has warned.
The warning is contained in an affidavit deposed to by WASPAN Chairman, Ayo Stuffman, in support of the association’s application for an injunction pending appeal against the July 20, judgment of a Federal High Court in Lagos, which upheld the FCCPC’s powers to issue and enforce the DEON Regulations.
The regulatory disagreement previously led to the temporary suspension of airtime borrowing services by major mobile network operators before the Federal High Court granted interim relief allowing the services to resume pending the determination of the substantive suit.
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