Banking
Google to Ban Loan Apps From Accessing User Photos, Contacts

By Adedapo Adesanya
Google has rolled out a policy that will prevent apps that offer loans to individuals from gaining access to their photos, videos, and contacts in a bid to address predatory behaviour from some lenders.
The move is a bid to stop predatory loan apps from harassing and intimidating borrowers into paying outstanding debts, which often come with huge interest rates.
Nigerians have been on the end of this, with many of these loan sharks charging as high as 50 per cent to 80 per cent on returns with extremely strict repayment timeliness.
Failure to pay comes with several social consequences with practices including threats, manipulated obituaries, physical harassment, and haggling of family members applied by these finance loan sharks after debtors fail to repay their loans.
By accessing borrowers’ personal contacts and their personal images, debt collectors have messages and manipulated photos sent to friends and family of these debtors.
Google in a notice, said, “We’re updating our personal loans policy to state that apps aiming to provide or facilitate personal loans may not access user contacts or photos.”
This policy is expected to go into effect on May 31, and it is being rolled out in markets hardest hit by the practice, like India, Kenya, Indonesia, Nigeria, and the Philippines.
Google said it will also require “country-specific licensing documentation to prove their ability to provide or facilitate personal loans.”
This is coming some days after Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) gave approval for 173 digital lending applications to operate in the country.
Of these, 119 have full approvals, while the other 54 have conditional approvals.
The regulatory body released a Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending 2022 document to regulate the digital lending space and make registration and approval a prerequisite for companies seeking to operate in the sector.
Companies without approval will not be able to operate in the digital lending space.
The FCCPC released a statement in August 2022, outlining its efforts to create a clear regulatory framework for digital lending.
The commission stated that the “inter-agency Joint Regulatory and Enforcement Task Force has developed and mutually adopted a Limited Interim Regulatory/ Registration Framework and Guidelines for Digital Lending, 2022 as the first and interim step to establishing a clear regulatory framework.”
Banking
Defunct Diamond Bank Founder Pascal Dozie Dies Day to 86th Birthday

By Modupe Gbadeyanka
A veteran bank and founder of the defunct Diamond Bank Plc, Mr Pascal Gabriel Dozie, has died at the age of 85.
The former chairman of MTN Nigeria, a leading telecommunications firm, died in the early hours of Tuesday, April 8, 2025, just a day to his 86th birthday.
The Nigerian entrepreneur and businessman chairman of Pan-Atlantic University established Diamond Bank in 1990. The company later became one of Nigeria’s most respected financial institutions.
The current Governor of Abia State, Mr Alex Otti, once headed the lender before handing over to the founder’s son, Mr Uzoma Dozie, when he veered into politics.
Diamond Bank merged with Access Bank in 2019.
Mr Pascal Dozie, who was once the President of the Nigerian Exchange Limited, then known as the Nigerian Stock Exchange (NSE), was born on April 9, 1939, in Egbu, Owerri, Imo State, and began his career as an economist at the National Economic Development Office in the United Kingdom.
Banking
FCT Communities Get Food Packs from Fidelity Bank

By Modupe Gbadeyanka
Some food packs have been distributed to residents of the Federal Capital Territory (FCT) Abuja recently by Fidelity Bank Plc as part of its Corporate Social Responsibility (CSR) initiatives under the Fidelity Food Bank.
This is one of the key pillars of the bank’s CSR strategy, focusing on health and social welfare. As a nationwide project, the initiative seeks to provide food relief to underserved communities across Nigeria, with a particular focus on supporting women and children.
Officials of the financial institutions distributed the food items to seven communities in the Mabushi district of the FCT.
One of the beneficiaries, Mr Mukhtar Mohamed, expressed his gratitude to the bank, acknowledging the significant impact of food distribution.
Similarly, the District Head of Mabushi Community, Mr Hassan Danagna, commended Fidelity Bank for its generosity and its impact on the community.
“Fidelity Bank’s support to our community is unprecedented, and we are deeply grateful for this initiative, which provides relief to vulnerable households and less privileged families.
“Given the current economic challenges, this support is timely, particularly as we approach the holy month of Ramadan,” Mr Danagna stated.
Speaking at the distribution event, the Executive Director for North at Fidelity Bank Plc, Mr Sufiyanu Garba, emphasized the lender’s commitment to community development and its alignment with Sustainable Development Goal 2, which seeks to eradicate hunger.
“This initiative stems from our deep-seated responsibility to support underserved communities and contribute to the fight against hunger in Nigeria.
“At Fidelity Bank, we firmly believe that by addressing the root causes of poverty and hunger, we can make a meaningful impact on the lives of those in need.
“While we may not be able to solve all societal challenges, our contributions are making a difference, as evidenced by the positive feedback we continue to receive,” Mr Garba said.
“We recognize the importance of fostering growth and prosperity within the communities where we operate. By investing in their well-being, we contribute to the creation of a more sustainable and equitable society,” he added.
Banking
Over 100 Exhibitors for 2025 Oja Oge by Ecobank

By Modupe Gbadeyanka
The second edition of Oja Oge by Ecobank Nigeria Limited will attract more than 100 exhibitors, who will showcase their products to potential customers.
The 3-day fashion, beauty, wellness, and lifestyle exhibition will take place at the state-of-the-art Ecobank Pan African Centre (EPAC) in Lagos from April 18 to 20, 2025, at 10 am.
The financial institution is organising the 2024 edition following on the immense success of its first edition last year.
This programme will have exhibitors displaying a wide range of fashion, beauty, wellness, and lifestyle products, as well as entertainment offerings.
Oja Oge by Ecobank provides a dynamic platform for businesses to engage with a diverse audience of shoppers and entrepreneurs.
Already, Ecobank Nigeria has partnered with leading corporates in the telecoms, payments, airline and FMCG space – Airtel Nigeria, Flutterwave, Qatar Airways and Maltina respectively to deliver this second edition of its premier fashion pop up event Oja Oge over the Easter weekend.
“Oja Oge by Ecobank offer premium entertainment and provide a platform for local vendors to showcase and sell their products to a wider audience.
Participants will also have the chance to network and build relationships, gaining access to new markets. For us, as a Pan African bank, supporting small businesses in this way is a core part of our mission,” the Head of SME, Partnerships, and Collaborations at Ecobank, Ms Omoboye Odu, stated.
“Participation is free, and we invite everyone to come along with family and friends to enjoy the fair. It’s not just about buying and selling; it’s an opportunity to experience the creativity and luxury of current fashion and lifestyle trends, alongside a variety of music, food, and entertainment,” she added.
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