FCCPC resumes digital lending regulations as court upholds powers
The Federal Competition and Consumer Protection Commission (FCCPC) has resumed implementation and enforcement of its Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations, 2025, following a Federal High Court’s affirmation of its authority to regulate Nigeria’s digital lending sector.
Following the court’s interim order in April, the commission said it immediately suspended implementation and enforcement of the regulations in compliance with the directive, pending the determination of the suit.
According to the FCCPC, the court dismissed the plaintiff’s originating summons in its entirety, rejected all the reliefs sought and upheld the validity of the Digital, Electronic, Online or Non-Traditional Consumer Lending (DEON) Regulations, 2025.
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