FCCPC Resumes Digital Lending Regulation After Court Ruling

The Federal Competition and Consumer Protection Commission (FCCPC) has resumed the implementation and enforcement of its digital lending regulations, initially set for 2025, after a Federal High Court in Lagos upheld the validity of these regulations. The court's judgment, delivered on Monday, removed legal obstacles that had previously suspended the regulations.

The case, referenced as suit no FHC/L/CS/760/2026, was filed by the Wireless Application Service Providers Association of Nigeria Ltd (WASPAN), which sought to challenge the FCCPC's authority to implement these regulations. The court dismissed WASPAN's original summons and upheld the FCCPC's statutory powers.

The FCCPC's Director of Corporate Affairs, Ondaj Ijagwu, stated that the commission remains committed to ensuring that digital lending operates within a fair and transparent regulatory environment while promoting financial inclusion. The resumed enforcement is expected to enhance regulatory scrutiny over digital lenders and protect consumers from unfair lending practices.