Just another News Updates
Fidelity Bank, a Nigerian commercial bank, has implemented restrictions on fund transfers to neobanks like OPay, Palmpay, Kuda, and Moniepoint, citing concerns about their lax Know Your Customer (KYC) processes, which have been linked to a surge in fraud cases. Multiple sources with direct knowledge of the matter have confirmed that Fidelity Bank is now […]
Several OPay customers experienced anxiety on Sunday when a video surfaced online featuring individuals voicing complaints about unauthorized withdrawals from their accounts. In the video, OPay agents gathered at the Alender House Office of the company in the Alausa area of Ikeja to protest against what they claimed were unauthorized transactions on their accounts. They […]
The Federal Government through the Federal Competition and Consumer Protection Commission has asked Google to remove 18 more digital loan apps from the Google Play store. The commission stated that these apps are operating on the Google Play store without regulatory approval or in violation of the Limited Interim Regulatory/Registration Framework and Guidelines for Digital […]
The Federal Competition and Consumer Protection Commission has said it will delist any loan application harassing customers and ask Google to permanently delete such apps from its app store. This was in response to the continued harassment and defamation being meted on Nigerians by these digital lenders. It was also the newest measure implemented by […]