Mr Babatunde Irukera, the Chief Executive Officer of FCCPC,
told the News Agency of Nigeria (NAN) in Abuja on Sunday, that the enforcement
would commence soon.
Other agencies involved in the committee are the National
Information Technology Development Agency (NITDA) and the National Human Rights
Commission (NHRC).
Irukera said that committee would also be writing interim
regulations which money lending companies must comply with.
“The joint committee is meeting and agreeing on how to
proceed but I can say that two of the entities of the joint committee will be
going on the field and doing enforcement work now, very shortly.
“They will be closing down businesses and engaging App
stores to shut down certain applications that are infringing and abusive.
`We are also going to be writing interim regulations and
some basic information for all these money lenders to provide information so
that people will know who they are.
“Some of them are just Apps that we do not even know who the
promoters are.
“So we are going to provide certain frameworks for them to
comply with before doing business, ‘’ he explained.
On the increasing number of consumer complaints about
services by insurance companies, Irukera said that the commission was
progressing in their Memorandum of Understanding (MoU) with the National
Insurance Commission (NAICOM).
According to him, we anticipate that as we conclude that MoU
early next year, we will have more industry wide interventions in that space.
On the increasing number of consumer complaints about
services by insurance companies, Irukera said that the commission was
progressing in their Memorandum of Understanding (MoU) with the National
Insurance Commission (NAICOM).
According to him, we anticipate that as we conclude that MoU
early next year, we will have more industry wide interventions in that space.
“We get a lot more complaints about the insured who have
paid their premium and are not been settled and so, we are engaging NAICOM on
that’’