FG Raids and shutdown illegal loan facilities in Lagos

Federal Govt Shutdown Illegal Online Loan Firms
The Federal Government has shut some illegal financial institutions operating on Opebi Road, Ikeja, Lagos for “possible violation” of consumer rights.

COBlog learned the companies – GoCash, Okash, EasyCredit, Kashkash, Speedy Choice, Easy Moni – owned by Blue Ridge operate on the third floor of a four-story building in the area.

The Federal Competition Consumer Protection Commission, in a joint operation with the Independent Corrupt Practices and other Related Offences Commission, National Information Technology Development Agency, and the Nigerian Police Force, raided these institutions.

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