Babatunde Irukera, the chief executive officer of FCCPC, disclosed this in Abuja, yesterday. He said the committee would commence operation soon. The joint committee is made up of representatives from FCCPC, Central Bank of Nigeria and Economic and Financial Crimes Commission .
Irukera said the committee would equally be writing provisional regulations for money lending companies. “The joint committee is meeting and agreeing on how to proceed, but I can say that two of the entities of the joint committee will be going on the field and doing enforcement work now, very shortly,” he said.
“Some of them are just apps and we do not even know who the promoters are. So, we are going to provide certain frameworks for them to comply with before doing business.”