CONTEMPORARY PERSPECTIVES ON THE LAW AND PRACTICE OF ONLINE SHARING PLATFORMS IN THE FINTECH AND HOUSING SECTORS IN NIGERIA

Abstract

Collaborative Consumption which comprises the sharing economy, the on-demand economy and the access economy or the peer – to - peer (P2P) economy are not new. However, the technological platforms have enhanced and improved it. The paper explores the concept of trade by barter wherein you exchange with someone what you have to get what you need in return has been in existence since ages. Progressively, the introduction and innovation brought by technology has led to creation of online platforms that now makes it possible for two people who want their different needs to be met to now meet and meet their needs. The paper adopts the doctrinal methodology by examining primary and secondary sources on the subject. The paper found that even though the collaborative consumption economy is an innovation, it opens ways for some vices where the security of such country is porous and the crime rate is very high. The paper recommends that in the case of property sharing online platforms such as Airbnb, there is still need for a good background investigation of anyone that apply STR on their platform before they actually peer with the house owner this is because such person or individual can be a spy with a mission to commit crime thereafter.