Economy

FCCPC recounts ordeal raiding online loan sharks in Lagos

Proposed airlines shutdown: FCCPC appeals for halt
Written by Maritime First

… As Police rescue 10 expatriates in Kebbi***

The Federal Competition and Consumer Protection Commission (FCCPC) 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 World Consumer Rights Day in Abuja on Tuesday, Mr Babatunde Irukera, said the team escaped near riotous experiences.

Also read: FCCPC condemns exploitation of Nigerians by online loan lenders

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

“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 a 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.

” In 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,” he said.

FCCPC in collaboration with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) 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, the Central Bank of Nigeria, the National Information Technology Development Agency and the National Human Rights Commission.

The newsmen report that the theme of the 2022 Consumer Rights Day is ‘Fair Digital Finance’.

In the meantime, the Police Command in Kebbi State has rescued at least 10 expatriates working in a Tomatoes processing plant in the Warra area of Ngaski Local Government Area of the state.

The newsmen gathered that suspected bandits stormed the Tomatoes Company located in Gafara, close to Warra town, and kidnapped the expatriates who were working in the factory.

While confirming the incident in Birnin Kebbi on Tuesday, the Police Public Relations Officer (PPRO) of the command, SP Nafi’u Abubakar, said four police officers and a civilian, however, paid the supreme price.

 

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Maritime First