The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed reports claiming that President Bola Tinubu approved plans to open Nigeria’s airtime credit market to nine new operators, stating that the commission was neither aware of nor involved in the claims attributed to it.
In a statement issued on Sunday, Ondaje Ijagwu, the FCCPC’s Director of Corporate Affairs, described as inaccurate media reports suggesting that the commission submitted the names of local fintech companies to the Presidency as part of efforts to reform the airtime credit market.
According to Ijagwu, the commission had no role in the alleged approvals and was not involved in any process leading to the reported expansion of the sector.
“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,” he said.
The reports, which appeared in several national newspapers on Friday and Saturday, alleged that President Tinubu had endorsed proposals by the FCCPC to restructure the airtime credit market and approved nine Nigerian fintech firms to participate in the sector.
