Federal Government Updates Nigerians on List of 45 Illegal Loan Apps in 2026

• The federal government, through the FCCPC, has intensified its crackdown on illegal digital lending platforms in Nigeria
• A total of 45 loan apps have now been blacklisted in 2026 for violating consumer protection and data privacy regulations
• This decisive move aims to safeguard Nigerians from predatory lending practices and restore trust in the digital financial ecosystem

The Federal Competition and Consumer Protection Commission (FCCPC) has officially blacklisted 45 loan apps in Nigeria as of January 2026.

These apps are considered illegal because they failed to comply with the Digital Lending Regulations, exposing users to risks such as harassment, data misuse, and predatory lending practices.

Nigerians are strongly advised to avoid these apps and instead use only FCCPC-approved lenders.

Experts said the delisted apps engaged in unethical practices like debt shaming, unauthorised data access, and hidden charges.

Full list of 45 illegal loan apps (2026)

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1. WeCredit
2. Hen Credit Loan App
3. Cash Door App
4. Joy Cash Loan up to 1000000 App
5. EagleCash App
6. LuckyLoan Personal Loan App
7. GetLoan App
8. EaseLoan Apps
9. Naira Naija
10. Cashlawn App
11. EasyNaira App
12. Crediting App
13. Yoyi App
14. Nut Loan App
15. CashPal App
16. NairaEasy Gist Loan App
17. CamelLoan App
18. MoneyTreeFinance Made Easy App
19. CashMe App
20. CreditBox App
21. CashMama App
22. Crimson Credit App
23. Galaxy Credit App
24. XCredit
25. iMoney Elsner Technology PVT Limited
26. Naira Naija
27. iMoneyPlus Instant
28. NairaNaija Instant
29. NowNowMoney
30. Naija Cash
31. Eagle Cash
32. FirstNell App
33. FlyPay
34. Spark Credit
35. SoftNaira App
36. CashDey App
37. NairaLoans Loans App
38. SwiftCash App
39. NaiaraLand App
40. Mama Credit Loan App
41. Nigeria Loan App
42. Loan 300000 Naira in CranCash
43. LinkLoan
44. FairKash Loan
45. Apex Lending

What is FCCPC?

The Federal Competition and Consumer Protection Commission (FCCPC) is Nigeria’s primary regulatory body for consumer rights and fair market practices.

Established under the Federal Competition and Consumer Protection Act, it ensures businesses operate ethically, prevents monopolies, and protects consumers from exploitation.

The FCCPC investigates complaints, enforces compliance, and regulates sectors such as digital lending, telecommunications, and retail. In recent years, it has intensified oversight of loan apps, shutting down illegal operators and mandating registration to safeguard data privacy and fair interest rates.

Its mission is to promote transparency, accountability, and consumer confidence in Nigeria’s marketplace.

FCCPC targets 103 loan apps for ban

Legit.ng earlier reported that no fewer than 521 digital lending companies have fallen under the regulatory oversight of the Federal Competition and Consumer Protection Commission (FCCPC) as the agency intensifies efforts to sanitise Nigeria’s fast-growing digital credit market.

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This follows the expiration of the January 5, 2026, deadline for compliance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025. The FCCPC regulations require all digital lenders operating in Nigeria, whether app-based, online, or through other non-traditional channels, to register with the Commission and comply fully with its consumer protection rules.

However, the commission disclosed that 103 loan apps operated by unregistered companies have been placed on a regulatory watchlist and may face enforcement actions. The FCCPC has consistently warned that lenders operating outside its approval framework risk sanctions, including delisting from digital platforms, hefty fines, and possible prosecution.

Proofreading by James Ojo, copy editor at Legit.ng.

Source: Legit.ng