FG Orders Google, Apple To Deactivate ‘Illegal’ Online Banks, Loan Apps
The Federal Competition and Consumer Protection Commission has ordered Google LLC (Play Store) and Apple Inc. (Apple Store) to deactivate unauthorized online banks and loan applications.
The Federal Government agency asked Google and Apple to delete the applications where evidence has established inappropriate conduct or use of the application in violation of the rights of consumers.
The agency also banned the acceptance and presentation of new online banking and loan applications without regulatory assessment and approval.
President Muhammadu Buhari
This is coming two days after FCCPC, in collaboration with the Independent Corrupt Practices and other Related Offences Commission, National Information Technology Development Agency, and the Nigerian Police Force shut down ...