Lagos News

@fccpcnigeria recounts ordeal raiding online loan sharks in Lagos -@TundeIrukera


The Federal Competition and Consumer Protection Commission says the enforcement team of the joint task force handling loan sharks experienced ugly ordeals during its raid of the business.


Speaking at an event to commemorate the World Consumer Rights Day in Abuja on Tuesday, the FCCPC boss, Babatunde Irukera, said the team escaped near riotous experiences.

Irukera, represented by Dr. Adamu Abdullahi, the Executive Commissioner, Operations of the FCCPC, said the faces behind the company must be uncovered.

He said: “We discovered that this is much more serious than we thought and we have to now look at how we can bring these people into the regulatory framework.

“On the raid that we conducted on Opebi Street in Lagos, we discovered that this is much more serious than we thought it is.


“The hall was very big, each person has a computer with phone to reach loan defaulters.

“In the process, we took from them 119 laptops, eight mobile phones, one table phone and one hard drive.

“These devices are now with forensic experts and if we look at them and all the things that we can gather from them, we can now decide on the way forward.

“This is because there are faces behind these fellows.

“These are unemployed graduates who do not have any other means of livelihood.

“At the long-run, they tried to even riot against us for preventing them from doing what their job is.

“They said Chinese gave them employment and the Federal Government did not and the Federal Government said they should not continue with what they are doing.

“They felt it proper to attack us so the police cover that we had, had to shoot in the air to disperse them.

“It was a terrible experience.

“We have to now look at how we can bring these people into the regulatory framework.

“This is so that we can now hold them to book.”

The FCCPC in collaboration with the Independent Corrupt Practices and Other Related Offences Commission and other related federal agencies over the weekend raided the premises of an illegally run Chinese-owned online money lender at two locations on Opebi Road in Lagos.

The joint task force is made up of the FCCPC, ICPC, Central Bank of Nigeria, National Information Technology Development Agency and National Human Rights Commission.

The News Agency of Nigeria reports that the theme of the 2022 Consumer Rights Day is: “Fair Digital Finance.”


Click to comment

Leave a Reply

Your email address will not be published.

Most Popular

My vision is driven by the conviction that Governments primarily have responsibilities to perform and must be held to account on improved conditions that meet basic standards of living; employment generation and livelihoods sustainability; whilst balancing socio-cultural peculiarities of the various constituencies in the new world order.



Abiodun BORISADE is the last child of the 4 children of Late Justice Michael Ayorinde BORISADE and wife, Chief Mrs Oyeyemi BORISADE.
Abiodun holds a Bachelor of science degree in chemistry (1997 EKSU); A Masters degree in Environmental Management (Middlesex University, UK. 2002); A Post Graduate Certificate in Higher Education Lecturing (University of Bolton UK, 2006); A Post Graduate Diploma in Journalism (International Institute of Journalism, University of Maiduguri 2019).

Abiodun lectured in chemistry and general sciences at various renowned UK institutions including Hopwood Hall College, Middleton Greater Manchester; City & Islington College, London.

Abiodun BORISADE is Founder and Chief Executive Office of Elise Integrated Consult Nigeria Limited. A popular media brand www.abiodunborisade.com is also under his direct control.

Abiodun served as Technical Assistant to Ekiti government 2011, and is currently serving as special assistant on new media to ekiti state governor.

He is member to numerous reputable professional bodies within and outside Nigeria.

Copyright © 2021 Abiodun Borisade.

To Top
error: Content is protected !!