Loan and bank apps will no longer be allowed to access customers’ contacts or photos from May 31, 2023.
This was made public by the federal government through the Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), Babatunde Irukera.
Irukera revealed this following the latest policy by Google.
Recall that Google, in its April 2023 policy updates, said digital money lenders in Nigeria, India, Indonesia, the Philippines, and Kenya are to conform to regulatory rules or be taken down from Play Store.
The firm said only digital money lenders that have adhered to and completed the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022 (as may be amended from time to time) by the FCCPC and obtain a verifiable approval letter from the Commission will be allowed on its platform in Nigeria.
Google had said, “Policy preview (effective May 31, 2023): This article previews changes included in our April 2023 policy updates.