The Federal Competition and Consumer Protection Commission (FCCPC) has set January 5, 2026, as the deadline for full compliance with its digital traditional consumer lending rules.
The FCCPC had introduced the regulations to address harassment, data breaches, and exploitative practices in Nigeria’s digital lending space.
In a statement on Thursday, Ondaje Ijagwu, the commission’s director of corporate affairs, said the regulations, which took effect on July 21, 2025, were introduced under the Federal Competition and Consumer Protection Act (FCCPA) 2018 to promote fairness, transparency, and accountability in Nigeria’s growing digital lending market.
“To support operators in meeting the required standards, the commission has issued an additional instrument — the guidelines on the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 — made under Sections 17 and 163 of the FCCPA,” the statement reads.
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“This document provides practical direction for lenders and intermediaries, explains the documentation required, and introduces updated Forms 1 and 3 based on feedback received from stakeholders.
“Applicants with pending submissions may provide any additional information required under the new Guidelines without waiting for a formal request.
“The commission will continue to process applications promptly and maintain a transparent review process.”
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Speaking on the directive, Tunji Bello, the executive vice-chairman of the FCCPC, underscored the importance of meeting the deadline.
He said full compliance is “not only a legal requirement but an important step in protecting consumers and ensuring that the sector continues to grow in a fair and responsible manner”.
“Operators have had ample time to adjust to the Regulations and the additional guidance now provided. We expect all obligations to be met before the deadline,” he said.
In the statement, the FCCPC said all affected operators, including lending platforms, service partners, and intermediaries, must complete their compliance obligations by the January 5 deadline.
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The commission warned that enforcement would begin immediately after the deadline, adding that measures could include restricting non-compliant entities from operating, directing partners or platforms to cease dealing with them, and applying other sanctions allowed by law.
“Copies of the Guidelines, Forms, and Frequently Asked Questions (FAQs) are available on the Commission’s website at www.fccpc.gov.ng, including through enquiries at FCCPC offices nationwide, or via other official channels provided on the website,” the statement added.
The agency reaffirmed its commitment to promoting responsible digital lending practices that protect consumers and support confidence in the financial technology sector.
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