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Message: [QUOTE="Queen, post: 85028, member: 27"] Digital lenders just got a ticking clock, because April 2026 is the last stop before regulators start swinging harder. Deadline nobody can ignore [LIST] [*]The Federal Competition and Consumer Protection Commission locked in April 2026 as the final cutoff. [*]This is about cleaning up operations under the DEON Regulations 2025. [*]Anyone still half-compliant is officially on borrowed time. [/LIST] Who does this actually affects [LIST] [*]The rule targets digital money lenders running under provisional approval. [*]Their grace period already ran out on January 5, 2026. [*]What they are getting is a short extension, not a free pass. [/LIST] Enforcement already rolling [LIST] [*]According to Tunji Bello, action has already started. [*]Lenders that missed the first deadline are already feeling regulatory pressure. [*]This is not a warning phase; it is the follow-through phase. [/LIST] What the regulator is saying [LIST] [*]Bello made it clear tthat he compliance window is closed. [*]Enforcement is being handled with due process, not chaos. [*]Still, anyone dragging their feet past April 2026 should expect consequences. [/LIST] Why FCCPC is pushing this hard [LIST] [*]The goal is tighter market discipline. [*]Compliant lenders should not be undercut by shady operators. [*]Consumers are meant to be shielded from abusive, misleading, or outright illegal tactics. [/LIST] What happens if lenders stall [LIST] [*]Failure to regularise triggers additional regulatory measures. [*]The law already spells out what those measures look like. [*]Choosing not to comply is basically choosing trouble. [/LIST] The bigger picture [LIST] [*]FCCPC says it is sticking with transparent rules. [*]Fair competition across digital finance is the endgame. [*]Consumer protection stays front and center as Nigeria’s digital economy keeps growing. [/LIST] [/QUOTE]

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