Lagos govt sack 15 money lenders over operational infractions

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By Olasunkanmi Akoni 
The Lagos State Government has withdrawn operational licenses of at least 15 money lending firms for contravening the approved guidelines for their operations in the state.
Commissioner for Home Affairs, Ibrahim Layode, disclosed this on Friday during the 2026 Ministerial Press Briefing to commemorate the seventh anniversary of the administration of Governor Babajide Sanwo-Olu and Deputy Governor, Dr. Obafemi Hamzat, held at Alausa, Ikeja.
Layode explained that the withdrawal of operational licenses of the firms was to ensure strict adherence to guidelines and protect Lagos residents from sharp practices by financia...