Sunday, November 1, 2026

FCCPC resumes implementation of digital lending regulations

WASPAN had challenged the Commission’s authority to issue and implement the DEON Regulations.

• July 20, 2026
Federal Competition and Consumer Protection Commission (FCCPC)
Federal Competition and Consumer Protection Commission (FCCPC)

The Federal Competition and Consumer Protection Commission (FCCPC) says it has resumed the implementation of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations).

A statement by the Commission in Abuja on Monday said the resumption followed the delivery of a court judgement on a suit instituted by the Wireless Application Service Providers Association of Nigeria Ltd./Gte (WASPAN).

WASPAN had challenged the Commission’s authority to issue and implement the DEON Regulations.

The FCCPC said that upon being served with the court’s interim order in April 2026, the Commission immediately suspended the implementation and enforcement of the Regulations, consistent with its commitment to the rule of law and respect for judicial authority.

The FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, in a reaction to the judgement, said the Commission had maintained that the rule of law was fundamental to effective regulation and good governance.

According to him, now that the Court has affirmed the validity of the DEON Regulations and delivered judgment, the Commission will continue to discharge its statutory responsibilities faithfully, professionally and in accordance with the law.

”The DEON Regulations are designed to promote responsible lending, improve regulatory accountability, curb unfair and exploitative practices, and strengthen consumer protection in Nigeria’s digital lending market.

”Our objective has always been to ensure that innovation and financial inclusion flourish within a transparent, fair and accountable regulatory framework that inspires confidence among consumers, investors and responsible operators alike,” Mr Ijagwu said. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Patients receiving rehabilitation lecture

Health

Mental health experts seek more drug rehabilitation centres, affordable treatment  

Ms Ezeh said the number of people abusing drugs was growing faster than available treatment spaces.

Police

States

Police kill suspected armed robber, recover two vehicles in Ogun

“On sighting the operatives, the armed robbers opened fire, prompting an immediate tactical response,” Mr Babaseyi said.

Cocaine in luggage

Abuja

Two Europe-bound businessmen excreted 200 wraps of cocaine at Abuja airport: NDLEA

The suspects, who reportedly travelled to Nigeria for a holiday, were arrested while attempting to return to Paris, France.

States

Traders, consumers lament rising cost of protein in Lagos

Mr Sodiq attributed the increase to rising fuel prices and the cost of purchasing cattle.

2026 Youth Olympic Games Opening ceremony

Africa

Senegal kicks off first-ever Youth Olympic Games in Africa

Senegalese President Bassirou Diomaye Faye declared the Games open.

Betta Edu (Credit: Betta Edu)

States

2027: Ex-minister Betta Edu targets 1.5 million votes for Tinubu in Cross River

Ms Edu expressed confidence that the state would deliver more than 1.5 million votes for the ruling APC.