FCCPC Deadline Looms: How Digital Lenders Can Prepare for Approval Before January 5th

On January 5, 2026, the Federal Competition and Consumer Protection Commission (FCCPC) will enforce strict new regulations on digital lenders. All lenders, whether fully approved or not, must obtain full FCCPC approval before this deadline to avoid hefty sanctions of up to N100 million for companies or N50 million for individuals and directors facing potential suspension and disqualification. 2025’s DEON regulations target all online consumer loans, including those secured by cash, airtime credit, data loans, cashback schemes, and barter systems.