In a bid to eradicate fraud, interfere into privacy, the
federal government has banned online Loan apps from accessing customers’ photos and contacts.
From May 31, 2023 loan apps on Play Store will lose their ability to access their users’ contacts or photos on a new policy by Google.
According to FG, the latest policy by Google was consistent with the Nigerian authorities’ move to curtail the invasion of customers’ privacy by loan app firms.
Recently the Federal Competition and Consumer Protection Commission had recently registered 170 loan apps out of the 200 operating in the country.
“We are updating our personal loans policy to state that apps aiming to provide or facilitate personal loans may not access user contacts or photos.This new policy is coming after Google announced updates to its Developer Programme Policy, mandating digital money lenders in Nigeria, India, Indonesia, the Philippines, and Kenya to conform to regulatory rules or be taken down by January 31.
Credit: Linda Ikeji Blog
