• Dismisses WASPAN’s suit, validates DEON regulations
•Says FCCPC, NCC have complementary regulatory mandates
•FCCPC resumes enforcement after vacation of restraining order
James Emejo in Abuja, Dike Onwuamaeze and Wale Igbintade in Lagos
The Federal High Court in Lagos has delivered a judgement affirming the powers of the Federal Competition and Consumer Protection Commission (FCCPC) to regulate Nigeria’s digital consumer lending market, including airtime and data lending services, in a landmark ruling expected to reshape oversight of the country’s estimated N400 billion airtime credit industry.
