The Federal Competition and Consumer Protection Commission (FCCPC), said it has frozen no fewer than 30 bank accounts operated by illegal loan organisations.
Executive vice chairman of the commission, Mr Babatunde Irukera, who made this known yesterday, said the Commission has also engaged Google and Apple Stores to take down some loan applications from their stores, noting that there were certain processes required for that to happen.
Speaking said this at a media engagement in Abuja, Irukera revealed that the Commission was currently engaging three major loan companies whose businesses had been affected by the Commission’s raid.
“The day we conducted the raid, we have some limited information about the bank accounts that some of the loan companies operated.
“All the bank accounts that were provided were immediately blocked but these companies operate multiple bank accounts with multiple names.
“Between the time we raided and now, we have discovered additional 30 accounts and all these have been frozen and we will continue to freeze as we discover them.
“I am certain that with the actions that we have taken and the nature of the engagement we are having with the loan companies, atleast three of the major ones that their businesses have been severely affected by either our search or the account closure, they are modifying.
“It will take some time but I can assure you that the space is changing now,’’ he said.