FCCPC Denies Banning Borrowing Of Airtime And Data Advance Services, Blames Service Providers
The Federal Competition and Consumer Protection Commission (FCCPC), has dismissed widespread claims that it banned airtime borrowing and data advance services in Nigeria, describing the reports as false, misleading, and driven by vested interests resisting regulatory reforms. The clarification follows a wave of public concern triggered by viral social media posts and some media reports suggesting that the Commission had shut down telecom-based credit services widely used by millions of Nigerians. In separate notices, Airtel and MTN Nigeria announced the temporary suspension of their airtime and data credit services, which previously allowed eligible prepaid customers to borrow airtime or data and repay on their next recharge. In a statement issued on Friday by its Director of Corporate Affairs, Ondaje Ijagwu, the commission said no such directive was issued, stressing that consumers remain free to access lawful telecom value-added services. “ The attention of the Federal Co...