Court Backs FCCPC’s Oversight Of Airtime Lending

The Federal High Court in Lagos has affirmed the powers of the Federal Competition and Consumer Protection Commission (FCCPC) to regulate Nigeria’s digital consumer lending market, including airtime and data credit services, in a ruling with significant implications for the country’s estimated ₦400 billion airtime lending industry.

Justice Ambrose Lewis-Allagoa, in a judgment delivered on…