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ARTICLE · 15 OCTOBER 2025

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Demystifying Deon: Your Essential Guide To The FCCPC'S Latest Lending Rules

Syntegral Legal Practice
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DEON stands for Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (the "Regulations").

NigeriaConsumer Protection
Tolulope Raji
Tolulope Raji
Salama Jidda
Salama Jidda
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Overview and Scope

1. What is the DEON Consumer Lending Regulations 2025 and why was it introduced?

DEON stands for Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (the "Regulations"). It comprises rules issued by the Federal Competition and Consumer Protection Commission (FCCPC) by virtue of Section 163 of the Federal Competition & Consumer Protection Act (2018). It is a legal framework for all digital or non-traditional consumer lending. The Regulations aim to curb abuses in the fast-growing digital lending industry, including exploitative interest rates, harassment by debt collectors, and data privacy violations by mandating transparency, fairness and responsible practices.

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