The Federal Competition and Consumer Protection Commission (FCCPC) has denied involvement in widespread media reports claiming it secured presidential backing to open Nigeria’s airtime credit market to nine new operators, describing the claims attributed to it as inaccurate.
In a statement issued on Saturday by Ondaje Ijagwu, FCCPC Director of Corporate Affairs, the commission said its attention had been drawn to reports purporting it was involved in submitting to the presidency the names of local fintech companies seeking to partake in the digital lending market with a view to curbing capital flight abroad.
“The commission wishes to state clearly that it is not aware of, and was not involved in, the claims attributed to it in the report absolutely,” Ijagwu said.
Details of the purported regulatory expansion
The denial follows the publication on Friday and Saturday of reports across several national newspapers claiming that President Bola Tinubu had endorsed FCCPC
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