INTRODUCTION
Nigeria’s FinTech industry has grown phenomenally over the last decade. Financial products formerly thought to be the preserve of the few, are now accessible by many with relative ease. Personal loans, asset finance, and more have become attainable with a few well considered digital clicks. These financial products boast attractive features like short disbursement timelines, minimal paper-based bureaucracy and, for the most part, little or no physical collateral requirements. As a result, the access to capital gap for small and medium-sized enterprises, and low to middle income earners, is shrinking. But with digital lending has come alarming levels of unmitigated consumer rights abuse by FinTech operators. The exorbitant interest rates, fees, and unethical debt recovery methods for example, have increasingly captured regulatory attention.