The Federal Competition and Consumer Protection Commission (FCCPC) has given operators in the digital lending sector until 5 January 2026 to fully comply with its consumer protection regulations. The rules, introduced on 21 July 2025 under the Federal Competition and Consumer Protection Act 2018, aim to address harassment, data misuse and other exploitative practices in the digital lending market.
In a statement, Ondaje Ijagwu, director of corporate affairs at the commission, said an additional instrument known as the Guidelines on the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations 2025 has been issued to support operators. He said the guidelines provide practical direction, outline documentation requirements and introduce updated Forms 1 and 3.
The commission said operators with pending submissions may supplement their applications without waiting for a formal request, and it pledged to maintain a transparent and prompt review process. The executive vice-chairman of the FCCPC, Tunji Bello, stressed the importance of meeting the deadline, saying compliance is a legal requirement that ensures the sector operates responsibly.
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The FCCPC warned that enforcement will begin immediately after the deadline, including possible restrictions on non-compliant entities and directives for partners and platforms to halt dealings with them. It added that the guidelines, forms and FAQs are available on its official website and through its offices nationwide.
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