The Federal Competition and Consumer Protection Commission has refuted reports claiming that President Bola Tinubu approved plans to open Nigeria’s airtime credit market to nine new operators, saying it was neither aware of nor involved in the claims attributed to it.
FCCPC Director of Corporate Affairs, Ondaje Ijagwu, in a statement issued on Sunday, said reports suggesting it submitted the names of local fintech companies to the Presidency as part of efforts to reform the airtime credit market were inaccurate.
“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.
The reports, published by several national newspapers on Friday and Saturday, alleged that Tinubu had endorsed FCCPC proposals to restructure the airtime credit sector and approved nine Nigerian fintech firms to participate in the market.
The companies named in the reports included
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