Babatunde Irukera, chief executive officer , FCCPC, spoke during an interview on Arise TV on Tuesday.
Irukera said digital lenders who are ethical are welcome to do business in the country while those that engage in harassment and defamation of consumers will be dealt with promptly.He said some digital lenders do not use the Google Play Store but prefer to use Whatsapp and other channels to advertise their services to customers.
“There are things they can do wrong where they will be given a second chance but with respect to harassing consumers or defamatory messages, there will not be a second chance.”Irukera advised lenders to devise acceptable methods of recovering loans such as verifying the credibility of a potential borrower.
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