"Online Banks Prohibited from Accessing Customers' Photos and Contacts by FG Directive"

 The Nigerian Government Prohibits Loan Apps from Accessing Customers' Photos and Contacts, with Google to Implement Policy Changes


Loan apps operating in Nigeria will no longer be permitted to access customers' photos and contacts, as directed by the Nigerian federal government. Google has announced a new policy update effective from May 31, 2023, which will prevent loan apps on the Play Store from accessing user contacts and photos. The update is expected to protect loan app users from the intrusive loan retrieval methods commonly employed by loan apps in Nigeria and other countries. The Nigerian government has applauded Google's new policy, which aligns with its efforts to safeguard customers' privacy from loan app companies. The Federal Competition and Consumer Protection Commission has recently registered 170 loan apps out of 200 operating in the country. Additionally, Google has updated its Developer Programme Policy, which requires digital money lenders in Nigeria, India, Indonesia, the Philippines, and Kenya to comply with regulatory rules by January 31 or risk being taken down.

Comments

Post a Comment

Popular posts from this blog

A Man is divorcing billionaire wife worth £1.1 BILLION because he doesn't like being rich

Image
Lol I know most guys will hate this guy who wants  to divorce his billionaire wife because she is too rich.. According to Daily mail...Former maths teacher Tony Hawken, 57, is splitting from Xiu Li, 51, because he says he is fed up with being wealthy.The couple were catapulted into the world of the super-rich after Li's idea of building shopping centres in disused Chinese air-raid shelters earned her an estimated £1.1billion by 2011 and placed her on The Sunday Times Rich List .
Read more

I charge N1m to write a song now"-Harrysong

Image
Harrysong who is signed to Kcee's Fivestar music and wrote Kcee's limpopo told Punch that these days he charges as much as 1 million naira to write a song..He also said he made over 50M from MTN callerback tunes for his "Mandela song"That's good oh! “Before now we charged between N100, 000 and N2000, 000 for a song. Today I charge as much as 1million to write a song. Truth is, Nigerian artistes have begun to appreciate songwriters. They pay me my money and appreciate me. I have written a lot of songs but I don’t talk about them because Nigerian artistes don’t like it when the songwriters take credit for composing songs for them.”  The proceeds from the caller-back tune is actually worth more than N50m. Truth is, I was paid a lot of money;  you know -  when they say money that can change someone’s life. That’s the value of what I received .I can’t reveal the exact amount because we work as a team. So, all the money realised is shared among us. You
Read more

If you cannot lie, get out of politics- Niger state governor

Image
Governor of Niger state, Aliyu Babangida says that one has to tell lies to survive in the political scene of today, adding that there is no morality in politics. He says if anyone wants to pursue morality, they should go and become Imams or Pastors. The Governor stated this while inaugurating the PDP guber campaign committee in Minna the state capital yesterday January 5th. "If you cannot lie, get out of politics. Anything you are involved in has its own rule. You are in politics to win, win first and let other things follow. Don’t be the one crying louder; lest you will be the one ‎they will take to court. If you are talking of honesty or morals, go and become an Imam or pastor. Politics cannot be the way it used to be.
Read more