Lagos govt sack 15 money lenders over operational infractions
Author: Emmanuel OkogbaPublished on: May 15, 2026Country: Nigeria
PoliticsBusiness & Economy

The Lagos State Government has withdrawn the operational licenses of at least 15 money lending firms for violating approved guidelines. Commissioner for Home Affairs, Ibrahim Layode, announced this during a ministerial press briefing. Meanwhile, the government received 112 new applications from money lenders and renewed 214 licenses for existing operators. An automated pilgrimage registration system initiative was also announced.
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