The Federal Competition and Consumer Protection Commission (FCCPC) has resumed enforcement of its 2025 Digital Lending Regulations after a Federal High Court in Lagos affirmed the agency’s authority to regulate Nigeria’s digital lending industry.
Justice A.L. Allagoa dismissed a lawsuit filed by the Wireless Application Service Providers Association of Nigeria (WASPAN), which had challenged the FCCPC’s powers to implement the regulations.
The court ruled that the Commission acted within its legal authority and upheld the validity of the regulations, removing the legal restriction that had temporarily halted their enforcement.
With the judgment, the FCCPC said the regulations are now fully operational once again after they were suspended in April following an interim court order.
The Commission welcomed the ruling, saying it strengthens its mandate to regulate Nigeria’s fast-growing digital lending sector while promoting responsible lending practices and protecting consumers.
According to the FCCPC, the regulations are aimed at curbing unfair debt recovery methods, improving transparency, enhancing regulatory oversight and protecting borrowers from exploitative lending practices.
The Commission also reiterated its commitment to enforcing the regulations in line with the law while encouraging innovation and financial inclusion within a fair and accountable lending environment.
