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Court bars FCCPC from enforcing digital lending regulations

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The Federal High Court in Lagos has restrained the Federal Competition and Consumer Protection Commission (FCCPC) from enforcing parts of its newly issued Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025, pending the determination of a substantive application before the court.

Justice Ambrose Lewis-Allagoa granted the interim injunction following an ex-parte motion filed by the Wireless Application Service Providers Association of Nigeria (WASPA Nigeria), which is challenging the legality and implementation of the regulations.

The association had approached the court on April 14, 2026, seeking urgent judicial intervention to stop the enforcement of key provisions of the regulatory framework, popularly referred to as the “Deon Consumer Lending Regulations.”

In a ruling delivered after hearing submissions from counsel to the applicant, Kemi Pinheiro (SAN), alongside Bolu Agbaje Akadri and Muyiwa Odubela, the court held that the applicant had made a case warranting interim protection pending further hearing.

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WASPA Nigeria, in its application, argued that the FCCPC’s regulations would adversely affect its members, who operate within Nigeria’s digital and online consumer lending ecosystem.

The group sought to prevent the commission from implementing, enforcing, or taking any steps under the disputed regulations until the court determines the framework’s legality.

Specifically, the association urged the court to restrain the FCCPC from enforcing various provisions of the regulations, including paragraphs 3, 7, 10, 12, 13, 14, 15, 16, 24, 27, 29, and 32. It also asked the court to stop the commission from imposing sanctions, penalties, or fines on its members, as well as from issuing directives that could affect their operations.

After considering the motion ex-parte and supporting affidavit sworn by Ayo Stuffman, a Nigerian citizen residing in Lagos, Justice Lewis-Allagoa held that an interim order of injunction was justified in the circumstances.

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The court accordingly restrained the FCCPC from enforcing or giving effect to the contested provisions of the regulations, pending the hearing and determination of the motion on notice for interlocutory injunction.

The judge also barred the commission from taking any steps that would interfere with or prevent WASPA members from continuing to provide services or products regulated under the framework.

The FCCPC was restrained from imposing any sanctions or penalties on the association’s members arising from alleged non-compliance with the regulations.

The court prohibited the commission from issuing any further orders or directives relating to the implementation or enforcement of the disputed regulatory framework.

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The matter has been adjourned to April 27, 2026, for the hearing of the substantive application.

The order marks a significant temporary setback for the FCCPC, which recently introduced the regulations as part of efforts to strengthen oversight of Nigeria’s rapidly expanding digital lending and fintech ecosystem.

The framework was designed to address consumer protection concerns, data privacy issues, and unregulated lending practices in the sector.

Stakeholders in the digital services and lending space have continued to raise concerns about the scope and potential impact of the regulations on innovation, compliance costs, and operational freedom.

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The court is expected to consider arguments on whether the restraining order should be extended or lifted pending full determination of the suit.

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BINANI Air Moves to Cut Nigeria’s $218m Annual Aircraft Maintenance Outflow

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By Gloria Ikibah

BINANI Global Air Services has engaged a global aviation firm to develop a mega Maintenance, Repair and Overhaul (MRO) facility in Abuja, in a move expected to retain about $218 million in foreign exchange annually in Nigeria.

The project, which is aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda, is aimed at boosting local aircraft maintenance capacity and reducing Nigerian airlines’ dependence on foreign maintenance centres.

Chairperson of BINANI Air, Senator Aishatu Dahiru Ahmed, said the facility would address one of the major challenges confronting the country’s aviation industry — the huge cost of sending aircraft abroad for major maintenance checks.

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She said most Nigerian airlines currently rely on overseas facilities for C and D checks, leading to significant foreign exchange outflows.

According to her, the proposed MRO facility will not only help keep more aircraft in Nigeria for major maintenance but also strengthen the country’s technical capacity and support the growth of the aviation sector.

She said: “Currently, domestic airlines outsource the vast majority of their heavy maintenance checks, such as C checks and D checks, to foreign facilities in Europe, the Middle East, and other African nations like Egypt and Ethiopia. This project will reduce this dependency while retaining and attracting FX of about 218 million US dollars annually”.

The proposed facility comes amid persistent concerns over the high cost of aircraft maintenance and Nigeria’s reliance on overseas MRO centres.

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C and D checks require specialised infrastructure, sophisticated equipment and highly skilled personnel, which have historically been limited in Nigeria. As a result, airlines have had to send their aircraft abroad, paying for the services in foreign currency.

A functional heavy maintenance facility in Nigeria can also boost the country’s technical workforce and create specialised employment opportunities, while supporting the emergence of a wider aviation maintenance ecosystem.

The facility can further position Abuja as a potential MRO hub for Nigerian and other African airlines, subject to its eventual capacity, regulatory approvals and certification.

Senator Ahmed said the investment represents an expansion of its role beyond domestic passenger operations into infrastructure capable of serving the wider aviation industry.

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However, the project’s significance will ultimately depend on its execution and the ability to translate years of discussions about local MRO capacity into a fully operational facility.

The proposed Abuja MRO will mark a major shift for Nigeria’s aviation industry if it succeeds in keeping aircraft at home for major maintenance checks and reducing the country’s dependence on foreign facilities.

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OPay Rubbishes Viral Shutdown Rumour, Warns Against Fake Publication

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By Our Correspondent.

 

Leading fintech company, OPay Digital Services, has dismissed as false and malicious a viral social media publication claiming that the company would embark on a prolonged break from September 1, 2026, urging its customers to withdraw or move their funds.

The fabricated publication, which gained traction across social media platforms on Sunday, purportedly warned OPay customers that the fintech would shut down its operations for an extended period beginning September 1.

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However, OPay, in an official response published across its verified social media platforms, described the claim as false, assuring customers that the company remains fully operational.

In a statement titled, “This is FALSE!”, the fintech said: “OPay is not going on break by September. We’re here, and we’re going nowhere! 💚”

The company further urged its customers and members of the public to scrutinise the viral publication for inconsistencies and rely only on its verified communication channels for authentic information.

“True OPay users know how to identify our official communications. Take a closer look at the viral post and you’ll spot the red flags.

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“Always verify before you share. Filter the noise! Follow our official pages for authentic OPay updates,” the company stated, ending the message with the hashtag, #OPayIsOkay.

Also reacting to the development, the Vice President, Public and Government Affairs, OPay Digital Services, Dr. Maxwell Loko, described the viral publication as “false, malicious and misleading.”

Loko said OPay was not shutting down and cautioned customers against taking any action based on the fabricated information.

“This post is false, malicious and misleading. OPay is not shutting down, and customers should not be misled into withdrawing their funds based on fabricated information,” he said.

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He urged members of the public to disregard the publication and depend exclusively on OPay’s verified platforms for official announcements.

“We urge the public to disregard this post and rely only on OPay’s verified communication channels for official information,” Loko added.

The OPay executive further warned that deliberate attempts to spread false information capable of creating panic or undermining confidence in a financial institution could attract legal consequences.

“The deliberate spread of false information designed to cause panic or undermine confidence in a financial institution is a serious matter and may have legal consequences,” he said.

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The development has also raised concerns over the growing use of fabricated digital content to damage the reputation of financial technology companies and potentially trigger unnecessary panic among customers.

While speculation has circulated in some quarters that the publication could be linked to competitive interests seeking to undermine OPay’s growing market position, no evidence has been publicly established to substantiate such claims.

OPay therefore advised its customers to exercise caution and verify financial or operational announcements through its authenticated communication channels before acting on them.

The company’s clarification effectively puts to rest the viral claim that it would cease or suspend operations from September 1, 2026, with OPay reaffirming that its services remain available to customers.

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70-year-old granpa nabbed for sexual assault of 8-year-old girl in Bauchi

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The Bauchi State Police Command has arrested a 70-year-old man, Usman Abubakar, over the alleged defilement of an eight-year-old girl in the Tsakanin Bayara area of Bauchi metropolis.

According to a statement issued by the Command’s Police Public Relations Officer, Superintendent of Police (SP) Nafiu Habib, the suspect was arrested following a complaint lodged at the ‘E’ Division, Yelwa, by the victim’s 48-year-old father on Wednesday, August 26, 2026.

According to the police, the father alleged that the suspect, who resides in the same area, lured his daughter to an uncompleted building on Sunday, August 24, where he allegedly sexually assaulted her.

The Command said its operatives immediately commenced action after receiving the report and arrested the suspect.

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The police further stated that the suspect allegedly confessed to the offence during interrogation.

Following the incident, the victim was taken to the Police Clinic for medical examination and necessary care.

The Commissioner of Police, CP Sani-Omolori Aliyu, condemned the alleged offence and assured members of the public that the matter would be thoroughly investigated.

The case has been transferred to the State Criminal Investigation Department (SCID), Bauchi, for discreet investigation and prosecution, according to the Command.

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The police reiterated their zero tolerance for sexual violence and child abuse, while urging parents, guardians and members of the public to remain vigilant and report suspicious activities to the nearest police station.

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