The Federal Competition and Consumer Protection Commission (FCCPC) has regained full authority to regulate Nigeria’s fast-growing digital lending industry after a Federal High Court in Lagos dismissed a lawsuit challenging its powers, ending a three-month suspension that had created uncertainty for loan apps, fintech operators and consumers.
Justice A.L. Allagoa of the Federal High Court on Monday threw out the suit filed by the Wireless Application Service Providers Association of Nigeria (WASPAN), ruling that the Commission acted within its statutory and constitutional powers when it introduced the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations).
The court also vacated an interim order issued in April that had temporarily halted implementation of the regulations pending determination of the case.
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The ruling clears the way for the FCCPC to immediately resume enforcement of the rules, which are designed
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