29.1 C
Abuja

Illegal loan apps ignore Nigeria’s cyber laws, continue to shame customers

Advertisement

Related

Advertisement
Advertisement
Advertisement

Share this story

RAUFU Kareem took a loan from AddMoney, an app owned by Rock Financials Limited listed on the Google Play Store.

While his loan application was being reviewed, Kareem changed his mind. He e-mailed the loan firm to stop the application, and the company promised to address the issue.

The next day, Kareem was credited by the loan firm, leaving him confused since he had requested a cancellation of the loan offer.

Kareem was desperate to pay back the loan, so he visited the firm’s office address on its website to rectify the issue. But his finding was shocking.


READ ALSO:

How fintech loan sharks in Nigeria cyberbully, trap customer in debt

CBN, EFCC, FCCPC, others to prosecute ‘loan sharks’ over data privacy abuse

- Advertisement -

How fraudsters trick job seekers, hack bank accounts through phishing websites

Nigerian fintech companies shame, threaten customers for late payment of loans

IELTS: UK Home Office reacts to Nigerians’ call to skip English proficiency test


Rock Financials Limited says on its website that its address is located on the second-floor building of No 13 King George V Road, Victoria Island in Lagos State. When he got to the building, other occupants and the property caretaker confirmed to him that Rock Financials had never rented a space in the building.

The ICIR found out the firm operates two other lending apps, AimLoan and AnyLoan, on the Google Play Store, with the same non-existing address.

Checks by The ICIR show that Rock Financials is legally registered with the Corporate Affairs Commission (CAC) but is unauthorised to lend money to borrowers in the country.

And the firm lists another address, No 3 Ijaiye Road, Ogba, Lagos, on its CAC registration details.

- Advertisement -

The Central Bank of Nigeria (CBN) did not approve the firm as a licensed financial company or microfinance bank to undertake financial operations based on its list of approved finance firms.

Nigerian laws guiding money lending include the Banks and Other Financial Institutions Act ( BOFIA) and state lending laws.

States have different laws regulating money lending services but require that money lenders be licensed before operating in their domains.

As soon as Kareem informed his debt officer that his firm’s office location was fake, the company stopped taking his calls and threatened him to pay his loan or face the consequences.

“They have been calling my contacts to force me to pay up interests on a loan I didn’t ask, saying the interest rate would get to N1,000 per day if I don’t comply,” he told The ICIR.

The ICIR reached out to the management of Rock Financials Limited to know why the firm advertises a non-existent office on its website.

The firm failed to respond to e-mails, calls and WhatsApp messages sent to their phone lines.

- Advertisement -

However, these loan offers have taken far more from their victims than they give. Some operate online as digital nomads without offices, like Rock Financials,  breaching Nigeria’s financial regulations.

Outrageous interests, deception tricks

While Nigerians have been quick to embrace digital loan apps, their interests are at sky-high rates.

Loan apps listed on the Google Play Store offering short-term loans are mandated by Google policy rules to give borrowers no fewer than 60 days from the date of issue to repay any loan.

The three loan apps owned by Rock Financials claim to give users at least 60 days to repay their loans. In reality, the app users are offered one week to pay back their loans against Google policy rules.

According to its advert on the Play Store, Rock Financials Limited charges a maximum interest rate of 18 per cent.

Yet the company’s claim is outrightly false. The ICIR found that they charge between 40 to 100 per cent as interest. Late borrowers are

This deception misleads customers who download its loan apps from the Play Store.

On the Google Play Store, a victim, who identified himself as Olatokunbo Folayan, commented on AngelLoan. He took a loan of N26,500 and was asked to pay N37,500 in seven days.

“I won’t advise anyone to (take their loans), Play Store should check all the people they allow on their platform, govt should ban such app,” he said.

The interest rate Folayan was charged on his loan was 42 per cent. If he were charged the 0.05 per cent daily interest rate as advertised on the Play Store, then Folayan would have paid a total of N26,592 instead of the N37,500.

Another user Mohammed Idayat borrowed N30,000 from AngelLoan and paid N44,000, which included interest a week later. He was charged an interest of 47 per cent.

“If a customer is unable to pay early (AngelLoan), they abuse and rain curses as if they are God. Will not advise anyone to go for this loan app if you don’t want to be ruined,” he said.

Some loan apps offer users false information on their interest rates and loan repayment plan, thereby breaching the Google Play Store policy.

Investigations by The ICIR reveal that LCredit, 9credit, LionCash, Nkash, ForNaira, CycleCash, Cashrain, Mikoloan, Supercash, Xcredit, ICoin, PalmCredit and CashLion are loan firms involved in the deception scheme.

The interest rate for an average commercial bank loan in Nigeria is 24 per cent each year. However, loan apps interest rates are between 75 per cent and 395 per cent per year.

A study by Hinderberg says OPay, a loan app in Nigeria, falsely claims to give a maximum interest rate of 24 per cent on every loan but charge borrowers 438 per cent as interest. Late borrowers pay as high as 876 per cent.

Despite, their non-compliance with Nigerian financial laws and Google Play’s Developer Policy, by lying to customers about their repayment tenure and interest rates, they still operate on the Google app.

Elijah Lawal, Google Global Communications and Public Affairs Manager. Credit: Speakersforschool.org

In January, Google took down over 30 lending apps in India from its Play Store for failing to prove their compliance with relevant local financial laws.

The ICIR reached out to Google’s Global Communications & Public Affairs Officer Elijah Lawal on his social media handles to explain why Google was yet to clamp down on loan apps in Nigeria, breaching Google Play’s Developer Policies.

At the time of filing this report, he was yet to respond.

Debt shaming enterprise

Loan apps in Nigeria are mostly unregulated, as debt collectors exploit unconventional techniques to shame defaulting borrowers to retrieve their loans.

Tobilola, who did not reveal his surname for fear of reprisal, is a debt collection agent of LCredit and one of the few people with first-hand knowledge of their operations.

He is a nightmare to loan defaulters. His job is to call friends and family of loan defaulters, employing unorthodox means to ensure they pay back their loans.

There is no official number of how many loan firms exist in Nigeria; however, debt collection is a critical part of their operations.

Speaking to The ICIR, a debt collector at LCredit owned by a Chinese firm, Cashigo International, revealed that it split its debt collectors into five teams.

The teams are headed by a team leader who assigns customers to the debt collectors based on the duration of time they have defaulted on their loans.

“We are divided into five groups. Most debt collectors prefer the first to the third team because their focus is on short-term overdue loans, which are easier to retrieve than long-term loans.

“We are assigned 400 customers per week to each debt collector at the call centre, and they don’t care whatever you do to recover overdue loans from customers,” he said.

The agents get a weekly bonus of three per cent of the total amount they recover if they meet their weekly target.

The monthly salary of a debt collection agent at LCredit is N50,000, while the top three performing agents for the week receive between N10,000 to N15,000 as an incentive.

Femi told The ICIR that clients who defaulted on their loans often asked for more time to escape the constant harassment, but they would continue anyway with the debt collector’s eyes on the bonus.

“The team leaders always threaten to sack us if we don’t meet the target, and when they verbally abuse us, we tend to transfer the aggression on the customers using any means possible to recover the company’s money,” he said.

Snail-speed intervention

In November 2021, the Federal Government set up a joint committee of regulatory agencies to tackle violations of consumer rights and unfair practices in the money lending industry.

The agencies to lead the investigation included the Federal Competition and Consumer Protection Commission (FCCPC), Economic and Financial Crimes Commission (EFCC), Central Bank of Nigeria (CBN) and National Human Rights Commission (NHRC).

Others involved in the investigation are Independent Corrupt Practices Commission (ICPC) and the National Information Technology Development Agency (NITDA).

Four months later, the operations of these illegal loan sharks have continued unabated without any sanctions from the regulatory agencies in the country.

The spokesperson of the FCCPC, Ondaje Idagwu, told The ICIR that the joint committee would clamp down on the loan sharks after sorting complaints sent by the public.

“The joint committee met and agreed on how to proceed, but what I can say is that there is going to be enforcement work very shortly to shut down these loan companies, especially the illegal ones.

“What we are doing currently is gathering evidence and compiling our e-mails on the complaints of people affected by the actions of these companies and this process takes time,” he said.

The e-mail address to contact the task force on complaints against loan apps is lenderstaskforce@fccpc.gov.ng.

A major decision taken against loan apps in Nigeria took place in August 2021, when NITDA fined Soko Lending Company the sum of N10 million for sending threatening messages to borrowers, a practice regarded as a privacy invasion.

With regulatory agencies yet to act, online advocacy groups have sprung up to help victims of loan firms devise responses to harassing calls.

Over 1,500 victims joined a private Facebook group, Mobile Loan Apps Debts Victims in Nigeria, to support each other and bully debt collectors that harass them with calls and messages.

Another group called Say No to Sokoloan, LCredit ETC on Facebook boasts of over 1,700 members set up to provide psychological support for victims of loan app harassment.

The Central Bank of Nigeria (CBN) Consumer Protection Regulation does not permit a financial institution to contact friends, employers or relatives of a loan defaulter except consent is granted.

Most loan apps flagrantly disregard the consumer protection regulation and regulatory agencies turn a blind eye. However, it is left for violated users to take steps to seek redress.

Author profile

Amos Abba is a journalist with the International Center for Investigative Reporting, ICIR, who believes that courageous investigative reporting is the key to social justice and accountability in the society.

Support the ICIR

We invite you to support us to continue the work we do.

Your support will strengthen journalism in Nigeria and help sustain our democracy.

If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

173 COMMENTS

  1. As it is I no go fear them again. Make Dem do wetin dey wan do. Person wey ein naked picture leak gan no die. And his family and contact too self see am.

  2. Infact am truly really a victim. It started with borrowing from one app to boost my business. But some things happen which couldn’t make me pay up. When they threatened to defame and send messages to my contact. I borrowed from another app to pay the existing one. Same thing happened borrowed from another to pay another. Now am owing up on almost 15apps. And the keep sending threatening messages everyday. If messages is sent to my contact. I will just take it as price for my payment. Am just hoping I wake up one day and all this loan apps is gone

  3. Na una fear dey make them feel powerful! See apart from Carbon, branch, quick check and fairmoney….the rest are stupid. Whenever they call and threaten me, I keep telling them to update my contact list that I just added new contacts. If my contacts don’t trust and believe me, make them too go lick soup! No time. Till now, no contact has called me to say any loan shark called them! Any day anyone calls, I don pay the loan spiritually be that noa! Rubbish

  4. imoney was hut down and they came back as i/omoney, the results people have received, pasting private details on facebook, sending ill messages to families, absurd interest rate. God help us.

  5. They’re very wicked and good in defamatory messages to contacts, they called me and my family hungry debtors and other derogatory names just to rubbish my image, I took money from them and has always paid back, I even had to sell my land to settle them, I was dying of depression, but now I know how to block their stupid messages and I will take alot of them and eat and never pay, they have already done the worst so now I’ll deal with them, they can’t reach me or my contacts cos I’ve blocked them on social media, they can go to hell , they’re all criminals and thieves stealing people’s money,killing them and calling them unprintable names, they should all be banned from operating outside the confines of the law.

  6. I am one of the debtors and they have been threatening me that they will call all my family members…..Once they do that no payment for them again

  7. I borrowed a loan of #11,000 from Lcredit December 12 and to be paid back on the 26th of December and #8980 was paid to my account but I was unable to pay back due to some reasons and they keep calling my contacts and texting them that am a scammer and a debtor and thank God I was able to pay them back on the 11th of April 2022 I paid #22,220 and I sent them the proof when I noticed that my dashboard was still showing that I owe them, and they promised to clear it and they told me to pay a sum of #1000 to unfreeze my bvn and I paid it immediately and ever since then they have not been replying my messages and they refuse to unfreeze my bvn and now I cannot use my bvn to borrow money on fair money becoz they keep telling me that my bvn is blocked

  8. Lcredit is worse,they have use like 1000 different numbers to call me and i keep blocking them,i have repay their loan since but they said fee of paying late they started adding koney everyday calling me to threaten me,insults upon insult even threatening me to block my BVN and NIN on a loan i pay back immediately i collected my salary.those company needs to be BAN i am tired of them.

  9. Are we wasting our time airing our ordeals on this platform? because it looks like we’ ve been chasing shadows. No positive response from them. And for people like me who are in debt, I advise you pay back when you have the money but don’t do anything drastic because it won’t change anything. Take life jeje

  10. Cashkey, iomoney, CashLion, after defaming me that I’m a fraudster through the sms and Whatsapp messages sent to my contacts, they are still believing I’ll pay… Kobo Dem no go collect

  11. Please how long will this threat last, because I’m a victim.. I didn’t take any loan, yet this loan app has distory my name…. Thank God that people around me trust me so much

  12. Government should pls help us with this online loan app especially this aimloan they want to kill someone with they interest

  13. The email address:lenderstaskforce@fccpc.gov.ng is not functioning. I sent emails to it and it returned a non delivery response.
    The government agencies are slow in clamping down on the loan sharks.
    Many of them are not registered with C.A.C.

    They operate in locations which are hidden especially in lagos.

    The government agencies needs to use technologies to track them down and arrest both the owners and the debt collections agents.

  14. AIMLOAN LCRREDIT CASH FARM XCROSSCASH XCASH PALMCREUDT WECASH NAIRALAND GOLD NAIRA RAPID NAIRA UNICREDIT

    PLEASE THE GOVERNMENT SHOULD BAN THEM TOTALLY

    THEY HAVE LIFE KILLING INTERESTES

    YOU BORROW MONEY FROM AIMLOAN 65K
    AND THEY GIVE YOU 48,000 TO PAY 69950 AS REPAYMENT TO PAY IN 7DAYS
    THIS IS OUTRAGEOUS WHEN YOU FIND OUT DUCH FRAUDULENT ACTS
    YOU CANNOT TERMINATE SUCH TRANSACTION WITH THEM

    PLEASE THEY SHOULD TERMINATE THIS APPLI application FROM CONTINUING.

    HOW DOES AN APP GUVE ACCES GO OTHER LOAN APPS TO JAVE YOUR IDENTITY PICTURE DISPLAY. WHEN YOU DO NOT SUBSCRIBE SUCH PATTERN WITH THEM

    ABOVE ALL THEY DON’T HAVE AN OFFICE. NEITHER NO GREAT WAY OF SPEAKING TO CUSTOMERS
    PLEASE GOVERNMENT SHOULD TERMINATE THEM FOREVER

  15. when my sister husband die with their two years old child after 3 days this loan app start calling her she told them what happened they start threatening her one of them even said that they don’t care that you should go and pay the money then she started crying and crying there from there she have high BP after one week she died

  16. I lost my sister because of this people after she lost her husband they keep on calling her to pay a loan she even told them that she lost her husband they keep on sending her message from there she have BP then after 1 week she died

  17. If I told you what I’m going through here because of this loan app they want to kill me they are treating my life after when I explain to them I told them what happened to me how my girl run away with my pos and my they don’t even care

  18. They threatened to call 300 of my contacts when I hardly have 180 contacts saved lol…. I don’t even take them seriously anymore after they threatened to blackmail me till I wouldn’t be able to walk on the street of Lagos. They’re bunch of fools… LCREDIT IS SUPER STUPID. I’m glad Google Playstore removed them from thier store.

    L CREDIT IS A BIG FOOL

  19. Even Go cash is worse my loan is a day due, cannot even beg them not to post me on every social media because I am so frustrated even my will to live is decreasing every day

    Here is the message they sent to me
    *FINAL NOTICE*
    *DEAR SIR/MA*
    THIS IS A FINAL NOTICE ABOUT YOUR LOAN WHICH YOU HAVE BEEN INFORMED BY CALLS,MESSAGES ETC….PLS NOTE THAT YOUR PAYMENT IS ADVICE TO BE INITIATED ON OR BEFORE *1PM* TODAY….IF THIS IS IGNORED THEN ACTIONS WILL COMMENCE …

    1-*BLACKLISTING OF YOUR BVN*
    2-*YOUR PHONE BOOK WILL BE CONTACTED AND YOUR FAMILY WILL BE INVOLVED*
    3-*YOUR INFOMATIONS WILL BE SHARED ON GISTLOVER PLATFORM*
    4-*YOUR PICTURES WILL FOLLOW*
    5-*YOUR COMPANY/BUSINESS PLATFORM WILL BE CONTACTED*ETC
    *PLS DONT ACT BLIND ON THIS INFORMATION*…
    IF YOU FEEL ALL THIS ARE THREAT THEN IGNORE PLS…

    NOTE:*PLS DO THE NEEDFUL ON OR BEFORE 1PM TODAY AND AVOID ISSUES*

    *LEGAL DEPT,GOCASH COMPANY*
    I was even trying to tell the person that they will get their 44,100 when I have it but they said they will post it on gist lover’s page that I’m a thief. Wo I’m tired abeg

  20. Lcredit is the number 1 on my list banning them is under statement they need to be arrested and sanctioned , they are quick in calling your contact even if your loan is 1 day to go and will start telling them if you don’t pay that same day you will get arrested by police , (that not a new story) them most important thing is that this Lcredit doesn’t have office address but if you make mistake asking any of they are agent they will tell you all the story of your life that day with big cause, another thing is that I payed money through transfer but the money didn’t reflect on my dashboard then I chat up one if they’re agent and she told me that I have been scammed that where did I get the account number from after sending her payment receipt , then I screenshot the account number on the app and send to her , the next I saw was that she blocked me… Up till now nothing have been done.
    All the unregistered loan app should be ban from operating
    List of bad loan app from my side here
    Weshare
    Easymoni

    And have promise myself not to take even 1k from any loan app again and does ones have been victim I’ll continue to pay installment until I pay off
    PLS STAY AWAY FROM UNREGISTERED LOAN APP IT AN ADVICE

  21. Please federal government should help us, we are being frustrated due to this loan especially AIMLOAN they are very wicked, they will give you 10000 and request repayment of 19500 in 7days now as am talking to you the interest is almost 70000k in two weeks I don’t know what to do.

  22. Please if u collect a loan repay on time so that your credit will not be affected.me am owing about #200000 in almost 30 different loan companies now I can’t borrow again and the money keep on increasing.i we be here until dey come catch me but if God help me they shut dem down I done finally gain from national cake

  23. I borrowed money from cashfarm come and see the way one of their agent is raining curse on me she even threatened to my picture everywhere I swear I will not pay the money back

  24. I borrowed money from Zuma cash which has not been up to 2weeks which the interest rate was displayed to 30% and I just woke up to 10k loan to increase to 21,800 and they are even threatening with all kinds saying that I’m sleeping with dogs even all my contacts has been calling me they are frauds

  25. Zuma cash is a scamming scheme, don’t do business with them.. they are THIEVES THIEVES THIEVES!!!

  26. How would one be called a Pedophile because he collected a loan and has not paid by 12pm of the last day of the month. Note, the person’s salary has not been paid and its not yet close of business that day. The fellow has also chatted them up on Whatsapp explaining the circumstances.

    ZUMA CASH SHAME ON YOU. YOU WILL NOT EXCEL

  27. May GOD punish Zuma Cash and those posting and in charge of assassinating peoples character for patronizing their company. May GOD punish them.

    Zuma Cash and loan apps as such, you will not thrive.

  28. All these illegal loan apps should be banned. Especially those ones with one week and two weeks duration. They are scammers. They are doing more harm than good. Imagine giving someone #20,000 to pay back #30,000 under one week. What they display on their advert page is different from what they are doing. Something should be urgently done about them.

  29. I collected a loan of 14,000 now this lady posted this

    ALERT!ALERT!!ALERT!!!
    A PEDOPHILE (CHILD RAPIST) WITH THE NAME Fabian Umoh
    AND CONTACT 08167557668
    IS WANTED BY THE POLICE FOR SEXUALLY HARRASSING AND RAPING UNDER AGE CHILDREN.HE IS A WANTED RAPSIT AND SHOULD BE REPORTED TO THE NEARBY POLICE STATION OR AUTHORITIES IN THE COUNTRY.PARENTS ARE ADVICED TO PROTECT THIER WARDS FROM THE HANDS OF THESE PEDOPHILES IN THE COUNTRY.

    REPORTING FROM
    HUMAN RIGHT ACTIVIST
    MR ADEOYE KUNLE.

    I want to know when I went to rape her family member.

    I’m making this report her before I go to court on Monday to lay a complaint against the company. I’m going to be sending this to the lawyer on Monday morning against moneyhub-zumacash.

  30. Join #TheICIRSpace on Twitter as we discuss issues surrounding cases of Nigerian Fintech companies shaming and threatening customers for late payment of loans.

    Click here to set a reminder: https://twitter.com/i/spaces/1yNGaYvlZPvGj

    Date: 27th May, 2022.
    Time: 7:00PM

    #TheICIRSpace #twitterspace #theicir

  31. I applied for a loan and was told im eligible for 25000 only for iomoney to disburse 19250 and i was to repay 39,535 even the interest is more than the loan….
    I will only pay the money lent
    and once they start posting my pictures i am not paying a dime again…
    federal government should just ban these people
    they are doing more harm than good

  32. aim loan is complete fraudulent application I demand for 15000 loan I later canceled it but they still disbursed 11250 into my account telling me to pay 16050 back as return I call the number on their app always switch off I messaged them on WhatsApp no reply 😡 but they keep calling me with strange 7 digit number with computer telling me to pay my loan I can even talk with them during the phone can bcs it was as if the voice was recorded to be read to people on phone everyday 750 naira interest is add my picture where I open my mouth during verification was sent to my contacts and very embarrassing messages as well I don’t know why play store have such app.

  33. Those loan app showed me shege. After I have paid my complete money another money was removed from my account and I was told to take another loan so it will be used to clear the money the deducted because they can refund me. Till now I have been embarrassed all around all social media and my contact list because I didn’t pay the money again o
    Sokoloan number one
    Lcredit
    Palmcredit
    Deloan
    And others

  34. Lcredit should be ban they are violating human right, invading my privacy sending message to my contact that I borrowed money from them
    Government should ban them

  35. Please Federal Government should do something about the Loan Apps. Some of their staffs are nice while some of them are very wicked. The fact that you work with a loan company doesn’t make you perfect. Without these loans your salary is not certain. Loan Apps are killing people silently. And this is a very serious thing to look out for. Use 60k for repayment to collect 40k for 7days. Haba, it’s not fair o. God is on His throne, watching everything we think it’s perfect in His sight.

  36. Please government should do something about these loan of a thing .
    My BVN was defrauded and was use for securing loan when my phone was lost , I just imagine how they verified the BVN with facial , thumbprint, or BVN number. Me now recovering my lost sim I started seeing alot of loan message on my WhatsApp that got me peace off .and I was telling them to give me details yet they never did and they are now threatening me with contact calling and so on .pls I really need help of these now if you’re really concerned about the dignity and peaceful mind of the individuals in these countries .please Government should do something urgently
    Lcredit
    Iomoney are the one troubling me now on unaware loan and they not ready to provide details pls help

  37. Please Government should find way to just stop them from playstore and Google and trace the account that they give the borrower to block all Please we are begging before this month end do something,
    Lcredi
    9credit
    Fairmoney
    Farm cash
    Palmcredit
    Okash
    Cash mail
    Easemoni

  38. Am a victim I own cash lion and I had accident and I send them the picture to confirm that am in hospital and a serious accident serious they keep on calling me that I should pay there money

  39. The loan apps are putting a huge hardship on the citizens of this country. The Government should shut them down.

  40. Please am also a victim infants l don’t have anything in the shop now, I was even paying 3000k everyday, but they keep adding interest in fact have stop making any payment now, they are now saying if I don’t make my payment before 2days they will take court order, please help o,Any loan ,Almloan , L credit

  41. Am talking from experience.

    All these loans people are talkung about, i also borrowed so many times and from different apps, more than 20 to be specific. Thank God i was never disgraced cuz i have a good repayment plan.

    The problem is, anybody who doesn’t want to be embarrassed shouldn’t have borrowed money from them at first, there is no way u will borrow money from them, nd them giving u without any collateral, no documentation, no physical verification and u expect them to be simple with u. And even, aswear before they give u the money, its u urself that will accept their term and conditions of oaying back the exact amount they wrote, then why will somone be surprised of the amount he will pay back??? Collecting money is sweet but paying back isn’t???

    Yes what they are doing isn’t bad, and for those blackmailing Fari Money, pls don’t, fair money is a legit one and i don’t think they are bad. As am writing this, i owe fair money about more than 30k and its more than 50 days due, none contacted my contacts, i emailed them apologising myself and that am paying back ASAP.

    I have sleepless night sometimes due to these people and aswesr even myself have thought of suicide, but i blame no body, not even the lenders, cuz i know it’s my own actions that led me.

    If u are reading this and u want to borrow money from them, i suggest and advice u to NEVER EVER EVER IN YOUR LIFE GO TO IT NO MATTER THE SITUATION U ARE IN. ASWEAR ITS FAR FAR MORE BETTER THAN THE ONE U ARE PUTTING URSELF IN. HELL NOOOOOOOO DON’T.

    if u do, u will come back Nd say i told u.

  42. FCCPC please help Nigerians from these sharks called loan apps. Government can track them and stop them. Please stop these people.

  43. Those people are mad, I’m also a victim, please even if you borrowed from 13apps and posted your picture don’t bother to pay them back, ignore all there threat, they will stop if they see that you’re not moved with there threat.

  44. These loan apps have want to kill me.. I’m presently in the hospital because of them… please do something

  45. I am depressed presently and contemplating suicide. Took loan for my sick husband and the shaming is too much for me to bear.
    Please help.

  46. I have been a victim of this loan app they sent my picture to all my contact saying am a fraudster and all sort of things. Is really not fair spoiling ones image the app that does these are as follows
    Lcredit
    Aimloan
    Addmoney
    Xcredit
    Imoney
    Oxloan
    Loannaira
    Ajeloan
    Zumacash
    Deloan
    Ncash
    Snappycredit
    Cocoloan
    Iomoney
    Creditall
    Truenaira
    Naira9ja
    The government should do something about them because it is annoying and embarrassing

  47. [FASTMONEY] After several MESSAGES and CALLS put across to you to make your REPAYMENT before 2pm today, we are yet to receive your REPAYMENT. Please note again that if your repayment does not come in on or before 4pm, the COMPANY will have no other choice but to undertake legal actions against you to recover its debt.
    Imagine this☝️It’s not even my due date yet

  48. Lcredit are the worst set of people
    They lend me 83400 and expect me to pay 105000 in just two weeks. Although I have paid 20k out of it but they are on my neck with calls and their customer care service are very rude. Imagine how do they expect me to pay that amount within two weeks.

    See some messages I get from people I don’t know self.👇
    What is all this nonsense now, Lcredit called me that you took a loan and you are absconding with their money, please remove my number or God will judge you for me.

    pay your loan if you are owing any loan company and never drop my number again or else you will suffer.

    Imagine
    Not that I admit that I won’t pay I have been telling the manager to give me more time.

  49. Please & please, this loan app called Ajeloan are disturbing my peace, I was given a loan I never asked for, the first time I was given #1,750 and was told to pay back #3,500 in a week which I did because I don’t want anybody spoiling my reputation, Now they have me a Loan of #7,350 which I also never asked for, I was told to pay #10,500 in 2 weeks, I called all thier customer care contacts and explained the situation to them, they replied like it didn’t concern them but later one of them called me & told me he understand my situation & the mistake that was done, so he said I should pay #8,000 for my debt to be cleared, I did that same day & he told me my account was cleared, which he promised its not a part payment and assure me its a full payment. After a week, I was called again by Ajeloan saying I haven’t paid the remaining #3500 which I don’t even understand, one of them said I should pay #2,000 to clear my debt again. They have turned the case to a fraud case. Now am being threatened to pay if not they will contact all numbers on my contact list said am a fraud. Please and please I need help

  50. Good day, please we begging the government to please do something about all this loan app, citizen are dying just because of the threat they receive from this loans app. There was one that was rushed to the hospital yesterday I guess after diagnosing the patient noticed she took poison and we asked her sister why she said she collected money from online loan app and couldn’t repay on time so they started sending her msgs claiming to destroy her reputation, threating her because she couldn’t pay back the money so she decided to take her life, those idiots don’t have thinking faculty that if anything happened to the customer they can’t collect their money back.
    Pls help us we are dying gradually..

  51. Aimloan is the worst app.please help us look into it,you ask for 30k,they will give 22500 in 7days to pay 32100 and failure to pay leads to additional 1500 with curses and even sending your profile to ones contact in just a day
    They are the real fraudsters.please help warn them

  52. Am in the same mess as the other people here they have set me up one loan app and one company gave my number to multiple app they were calling me and offering me loan collected some to pay some now I am in serious depth they have been calling my family and friends telling them that I am a criminal I am so confused I don’t know what to do please I need help

  53. Good day ICIR.. please I bring to your attention that Zuma cash didn’t disburse any loan to me. Yet they keep telling me that am owing.

  54. I’m currently in there mess right now, they keep sending me there threatening messages. My heart bleeding each time I look at there threatening messages and how speed they use to top up interest and already CBN and bank’s have allowed them to compromise with our bank account knowing fully well that they are fraudsters. Now I fall victim to the fraudulent loan application that was called (Loan Credit) App.

  55. Good evening ICIR
    Am also a victim of a loan app known as wekash where by I was offered a loan of 9000 to pay 14000 for seven days which I comply but after borrowing the money that same day they increase it to 15500 ..Right now the loan is now 20500 for just 4 days after their due date which is 7 days and they have been calling me and sending some dirt massage to me alot of abuse that they will embarrassed me ..
    They even go ahead to call my father telling him that they are about to spoil our surname if the money is not been paid .. they will post it on social media and so on and even treating to jail me up …
    Please we need the assistant of government to help us get rid of all this illegalized loan app like wekash, u credit, gold naira, cashmall, imoney, nairaland and so on …
    Please we are helpless ..
    Federal government should do something about it their interest is too high

  56. Good evening ICIR
    Am also a victim of a loan app known as wekash where by I was offered a loan of 9000 to pay 14000 for seven days which I comply but after borrowing the money that same day they increase it to 15500 ..Right now the loan is now 20500 for just 4 days after their due date which is 7 days and they have been calling me and sending some dirt massage to me alot of abuse that they will embarrassed me ..
    They even go ahead to call my father telling him that they are about to spoil our surname if the money is not been paid .. they will post it on social media and so on and even treating to jail me up …
    Please we need the assistant of government to help us get rid of all this illegalized loan app like wekash, u credit, gold naira, cashmall, imoney, nairaland and so on …

  57. Good day, please I will also like to complain about this online loan like, Aimloan, xcrosscash,new credit,lcredit, imoney and the rest. Am also a victim of collecting loan when I lost my job I had to go for my handwork and I had to boost it I collected from This loan listed which I do pay back before the due date, but all of a sudden everything became worst because of the country so I had to collect from MrA to pay mrB.But later I couldn’t continue like that.sum money enter my acct I started seeing debit alert of different amount of money from the same pos paystack.com Ikeja and have msg them saying dey deducted me more than the amount dey should debit and they didn’t reply me again. Pls I want the government to pls block all this loan app because of them and the threat I developed high BP it’s not our fault we are not paying back but the country isn’t good for now.

  58. ruth victor and her accomplice Adebayo Victor used you as an emergency contact.
    Shamelessly owing IMONEY N46,530 despite all attempts to help clear the debt. She’s acting fraudulent and behaving like a chronic, unrepentant fraudster.
    Call or chat her up on WhatsApp to pay up NOW and also clear your details from our system to avoid future embarrassment. This is what imoney did to my wife by sending this to all her contact together with both of us pictures to the public. Pls federal government should do something before it will be too late. Is borrowing a thief? When some so call company we send nonsense to ur family ones, friends, relationship, and expecting u to pay back the money again no. They keep on sending it again and again.

  59. WARNING WARNING WARNING
    Remember we have your Personal Identifiable Information: BVN, Card Info, NIN, OTP, PIN, Contacts, location ID,phone section ID,and Login Info….
    We do not make fake threat we will reach your contacts and as time goes on we will link malware device to your BVN….
    You have been warned don’t be among does that will later go to our review page on the platform, to say negative things about us the agent reaching you are paid, airtime on calls and messages for reaching you are not free….
    THE COMPANY IS MORE DESPERATE THAN EVER TO GET THE FUNDS OUT THERE.DONT BE AFFECTED! This is what Lcredit send to me everyday.

    LCREDIT

  60. LCREDIT LCREDIT LCREDIT
    ALL DAY YOU WERE CALLED AND TEXTED YET YOU ARE ADAMANT ABOUT PAYING YOUR LOAN ANYWAY BE AWARE THAT FROM 9AM TOMORROW 23/4/2022 THE COMPANY WOULD PLACE ALL DEBTORS ON A CONTINUOUS SYSTEM CALLS TO THEIR RELATIVES INFORMING THAT YOU TOOK A LOAN AND REGISTERED THEIR NUMBER AS A GUARANTOR WITH THEIR PERMISSION SO WE HAVE NO OPTION BUT TO REACH OUT TO THEM SINCE YOU HAVE REFUSED TO PAY. This is the message I received from Lcredit everyday. Pls federal government should shutdown all the online app. And this is the second massage they also send to me. WARNING WARNING WARNING
    Remember we have your Personal Identifiable Information: BVN, Card Info, NIN, OTP, PIN, Contacts, location ID,phone section ID,and Login Info….
    We do not make fake threat we will reach your contacts and as time goes on we will link malware device to your BVN….
    You have been warned don’t be among does that will later go to our review page on the platform, to say negative things about us the agent reaching you are paid, airtime on calls and messages for reaching you are not free….
    THE COMPANY IS MORE DESPERATE THAN EVER TO GET THE FUNDS OUT THERE.DONT BE AFFECTED!

    LCREDIT
    YOU HAVE BETWEEN NOW TILL 9AM TOMORROW 23/4/2022 TO PAY AND SEND THE PAYMENT PROOF.

  61. Thank you for reaching out to The ICIR.

    We extend our sympathy over the harassment you went through.

    You can send a mail to lenderstaskforce@fccpc.gov.ng detailing your encounter with the loan app.

    They are in charge of regulating activities of loan apps in the country and in a better position to resolve the issue.

    Kind regards,
    Esther Ilesanmi.

  62. Naira plus,true naira ,gocash, lcredit should be banned, they have frustrated so many lives,imoney is not exempted ,please government should look into it

  63. Am also victim of it,i believe with all for this loan acct number federal government can use it to track them.They are really bad to .
    Flashnaira(3189025806 fisrt bank)
    Ncredit(7697510751 wema bank)
    Mintloan the big criminal platform hiding under Edmond investment(8112174468 wema)
    Nairacash(8112894353)wema.And also if there agent phone number is needed so that,people can call them as well and caution them.Lets list then too.Thanks and pls federal government intercede for us .

  64. I am a victim of all this loan apps, as we speak my loan is due with ZumaCash and i was told to pay by 12pm, it’s 12:10pm

    As it stands now, you’ve defaulted and we’ve got no other choice but to send defamatory messages to each and every of your contact and start accessing your personal account/savings/company account concerning this loan, it will be devastating because double what you are meant to pay will be deducted and defamatory messages and images of you will be sent to your contacts, this is something we actually don’t want but you’ve left us with no option but to do it the hard way, its either you respect yourself right now or you get disrespected beyond your wildest dream.
    Your new year revolution will start with your photo going viral as a criminal, that I can assure you.

    This is the message i got on my WhatsApp

    Nigerian government is not trying, no jobs and if you have a job with your qualifications, you will still be paid peanuts while you work as a camel, age bias in companies, tell me why Chinese will not take advantage of us.

    Last week AnyLoan send messages to all my contacts with my pictures on WhatsApp, got a query from the office questioning the image i put out, with uncultured agents and emails I sent to them that i will make payments by 4pm that same day my loan was due.

    I have read a comment by someone saying things about Nigerians and Integrity. I wanted to ask the person if things go as planned everytime for him/her and he/she has never been disappointed about plans made. Life itself is unfair. I do not like embarrassment but at this point i am fed up.

    Government agencies should protect their citizens identity. Mind you, Chinese or any foreign founders of this app will never allow Nigerians to be founders of any company in their countries.

  65. Lcredit should report yme to God and the Devil himself…
    The moment you start calling and messaging my contacts forget your money…..

  66. I requested for a loan of 5000 from Kash Cash only to be credited 3250 and was told to repay 5181. 27 naira. I’ve been trying to get in touch with them but to no avail. Their email and phone number is not going through.
    Block this people as they are Scammers

  67. I’m owning too, but the reason is because I try to meet with their demand, I borrowed from one loan app to pay the other and at last I was left with dept and no gain to show for it, they all gave me short time to pay, high interest, threatening to frustrat my life and end my future.. the government should help me please.. this loans app are killing people unknowly please we need help.. I need help

  68. LCredit is the worst loan app. I collected money from them and a day before the due date they’ve started sending me messages threatening me and the next day they farwarded the same message to my contacts. Please government should ban these loan apps. Naira plus, kashkash, Newcredit, cashmall etc they will tell you to loan for 90 days but immediately you request for the loan you will see 7days with high interest. This is very bad.

  69. Am.a victim of this loan, they will harraze and calls us sources of names, they will even said is better someone should die cos their money.. like easyloan, 9credit, xcredit, hallo credit, etc. Their staffs doesn’t knw ow talk to their customers tell us to die.. Government should tell all this loan app to take it easy with their client atleast for some peoples who ah paying small small they should agree with them but noon but is harassment..

  70. I think the best to shutdown all this loan app is to collect their money and choose not to pay them back. More so, turn your deaf hear to all their defamatory messages, calling your contact ,posting your picture. I think if people are collecting their money without paying back will cause them to withdraw from their fraud activities which they call loan

  71. If the Government are sincere in clampering down all this thieves called Loan app…they should first start WEMA bank….didn’t you all notice that all of them uses mostly wema bank as an account people pay into…and each borrower have a a personal wema account number you are meant to pay into…so that means they have plenty and different account number with Wema bank.
    Infact there are some Wema account they will give borrower to pay into and say the account can only last 30 mins before expiry.

    Which banks gives a temporar account that last only 30nmins, meaning that Wema bank and these loans app are together defrauding and defaming borrowers.

    They should go to wema bank freeze all this account, and am sure the owners of this scam loan apps will show face, then they can make their arrest and withhold Wema bank operational license.

    They ve made so many peoples lives miserable with her loan, instead of helping, they are still collecting from those that needs help.

  72. Naria9ja is the worst loan app my dad borrow 5250from them and they added their interest to it 1750. And my father died before the due date but they keep threatening me and my family because of the money, please I want federal government to help us out

  73. *PUBLIC NOTICE*

    *WANTED DEBTOR ON THE LOOSE FOR TWO WEEKS!!!*

    *NAME:………………*
    *CLAIMED AGE: 26 YEARS*
    *PHONE NUMBER: …………….*
    *LOCATION: LAGOS STATE*
    *EMAIL: …………………………….*
    *GUARANTOR: IMMEDIATE FAMILY*

    *Be informed that a CHRONIC/UNAPOLOGETIC and UNREMORSEFUL DEBTOR named Sofiyyah Ajoke Ashaka, has been warned severally FOR DAYS to make her payment AND HAVE REFUSED AND SHE IS CURRENTLY NOWHERE TO BE FOUND (IGNORING CALLS AND MESSAGES) and who goes about COLLECTING LOAN from different LOAN COMPANIES and ABSCONDS with their money and avoiding several attempts to reach her. She has been declared a WANTED DEBTOR AND A THIEF ON THE RUN by the CREDIT MANAGEMENT INSTITUTE for DEFRAUDING and ABSCONDING with COMPANY’s MONEY.*

    *Her family members have been notified and they have decided to do nothing about it!!!. However, this notice will keep circulating till she pays!!!.*

    *If you doubt this message, you can ask her if found or ask any of her family members who are not helping matters and we have solid proof. Current loan debt is ₦30400.*

    *NOTE: Her BVN has been blacklisted and families connected to her have been put on financial surveillance for fraud activities till further notice!!!* This is the message sent to me. But it didn’t end there as other loan shark started sending messages to me claiming am owing them the money they didn’t disburse to my account. This is causing alot of problem in my relationship as my partner seems not to believe me as they keep sending different messages to him. They keep threatening me with legal forces such as Army, DSS and so on

  74. It’s better to be a sincere debtor than to be a thief, I don’t need to lie I’m owning about 6 of them and the reason is I take from Mr a to pay Mr b and at the end of the day you’re using all your earnings to pay for interest so there’s no way you can pay back their cash.
    Knowing this I stopped taking from Mr a to pay Mr b and asked them all to suspend the interest so I can be paying them small small until I’m done paying thinking their capital is important to them, I informed my contacts to always let me know whoever among them sends messages to them.

    In a nutshell, once you send anything sms, calls or picture to any of my contacts forget your money, if you like post me on BBC or CNN I don’t care because those who knows me personally are all aware of this loan apps and won’t be bothered by whatever they send because me I’m not bothered by any threat ooo.
    If you’re owning and not running forget their threats and don’t give yourself high BP , Nigeria as a nation is owning.

    One of the lcredit sincere worker who call me said it’s a Chinese company, cashlion are bastard their the first to txt my contacts, their cash is gone for life I won’t pay back for sending messages to my contacts, mumu kashkash keeps increasing the interest at 1800 daily

  75. Very unfortunate that Nigerian government would watch all this rubbish happen under their nose and yet nothing is done. How much difficult is it for government tonsils banks to block the accounts of the companies involved in this nonsense or let the banks such as wens, sterling bank etc handling their accounts be sanctioned, i believe this is the right way to go. We cant be asking google to delete their app, when the solution to this problem is right within our means.

  76. FINAL WARNING NOTICE

    As you have refused to make our payment (FAMILY, FRIENDS, NEIGHBORS ,CHURCH, COLLEAGUES AT UR WORK PLACE, BOSS, LANDLORDS PASTORS,REV.UR IN-LAWS WHERE YOU ARE MARRIED.) will be contacted for as this actions will hinder you LOAN GRANTS,JOB, OR BUSINESS OPPORTUNITY in any firm and also VISA, due to this reasons LCREDIT will be messaging and calling 500 from your contacts, so they will be aware . your BVN(YOU FILLED IN WHEN YOU DOWNLOADED THE APP) will also be blocked by the credit bureau which will cause ur bank accounts to be freezed and it will be declared LIEN…you will have a Permanent BAD RECORD. LCREDIT strongly recommend immediate payment NOW of the overdue amount as investigation is ongoing.

    Here is the account details of the company Account Name : CASHIGO INTERNATIONAL LIMITED
    Account Number : 1016431268
    Bank : ZENITH BANK.

    PAY YOUR LOAN NOW

    Send your proof of payment here.
    LCREDIT WISH YOU A HAPPY LIFE

    Best Regards
    ©️LCREDIT

    Imagine 😡😡😡😠

  77. FINAL WARNING NOTICE

    As you have refused to make our payment (FAMILY, FRIENDS, NEIGHBORS ,CHURCH, COLLEAGUES AT UR WORK PLACE, BOSS, LANDLORDS PASTORS,REV.UR IN-LAWS WHERE YOU ARE MARRIED.) will be contacted for as this actions will hinder you LOAN GRANTS,JOB, OR BUSINESS OPPORTUNITY in any firm and also VISA, due to this reasons LCREDIT will be messaging and calling 500 from your contacts, so they will be aware . your BVN(YOU FILLED IN WHEN YOU DOWNLOADED THE APP) will also be blocked by the credit bureau which will cause ur bank accounts to be freezed and it will be declared LIEN…you will have a Permanent BAD RECORD. LCREDIT strongly recommend immediate payment NOW of the overdue amount as investigation is ongoing.

    Here is the account details of the company Account Name : CASHIGO INTERNATIONAL LIMITED
    Account Number : 1016431268
    Bank : ZENITH BANK.

    PAY YOUR LOAN NOW

    Send your proof of payment here.
    LCREDIT WISH YOU A HAPPY LIFE

    Best Regards
    ©️LCREDIT

    Imagine 😡😡😠

  78. I don’t know why it is taking so long for government to deal with all this loan app.what can we do to stop them from having access to our contacts .this loan apps are so heartless and wicked.

  79. Anonymous Abi weytin they call you… if e sure for you say you sabi talk and wan defend yourself. You fit show o, if you no collect wotowoto, call me bastard. You not a man… can’t you see you are foolish. I’m very sure you won’t finish this month. If e sure for you, come out or comment with your name. I’m ready to kill anyone of you if I happened to see you face to face. Koni ye gbogbo yin tirantiran.

    Gocash
    Lcredit
    9credit
    Xcredit
    Kash kash
    Oloriburuku ma ni gbogbo won.

  80. Just this week, I still sent 10k to Lcredit when they started sending implicated messages to my contacts and even on WhatsApp. Many people don’t even believe me anymore. I’ve been borrowing since last year or so and I make sure I pay before due date. Just last year November when they started cursing people on my contacts that I took the company’s money in my wallet. I was very ready to pay off their debts, but what’s the difference if I decide to pay while my pictures and bullied messages were sent to my phone countless time. The way they were addressing elderly people on the phone even shows they lack mannerisms. Listen to me if any agent of those unfortunate loan apps is on here.. I’m telling you now that I won’t pay a dime again. And as for LCREDIT that I still want to balance 20k. I’m saying bye bye. Even if federal government refused to bann them and shut their apps down. I will still stand on my words… I’m very stubborn, I won’t pay any fucking money again. Na person wey get name shame they always waka with. I can’t kill myself. If e sure for any of those loan apps, please let them show. Come out in person and let us face each other. E no go better for all of those dubious lenders.

  81. All the loan app should be banned, cause the threat from them is too much like wise they keep on calling people’s contact and sending messages to them on whatsapp, sending messages that someone is infected with Hiv aid and as been receiving treatment, and ran out from the health center that friends should avoid cause he want to infect some many people. Imagine the kind of bad reputation, the government should shutdown all loan apps cause the embarrassment is getting too much.

  82. Man…
    These companies are honestly hell!!!

    If it were possible to upload voicenotes of messages sent to me by HCash… Man, it’s so horrible!

    Just because my salary got delayed, and I had to wait till after the weekend to get my payment. These guys went ahead to tarnish the little reputation that I’m managing to build for myself.

    Funny that more of the companies keep springing up daily.

  83. YOU’D WISH YOU NEVER DID, YOU DEFAULTER!!! You have Bridged the contract you have with EASYMONI as you refused to make your payment yesterday. Be aware that EASYMONI now has every right to take necessary action in the collection of your debt and won’t be responsible for any damage. Remember we have all of your Contacts and as well as your BVN (GOOD NAME IS BETTER THAN RICHES) Failure to make your payment today will leave us with no choice but to BRUTALLY EMBARRASS you by INFORMING your contacts about your LOAN which you have DELIBERATELY REFUSED TO PAY. Pay through the bank methods in the app (WEMA/ROLEZ MFB) Contact credit control team, GRACE on WhatsApp through 09139368393 for 𝘱𝘢𝘺𝘮𝘦𝘯𝘵. options and confirmations only. EASYMONI LEGAL DEPT TEAM [Barr DOTUN]
    Sent On : 2 APR, 2022 17:25:17. 𝘖𝘯𝘦 𝘰𝘧 𝘵𝘩𝘦𝘪𝘳 𝘢𝘨𝘦𝘯𝘵 𝘢𝘭𝘴𝘰 𝘶𝘴𝘦𝘴 09037752836. 𝘛𝘩𝘦𝘺 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘬𝘪𝘭𝘭 𝘯𝘪𝘨𝘦𝘳𝘪𝘢𝘯𝘴.

  84. COGENT AND WELL DETAILED WARNING TO YOU THIS EVENING
    TREAT AS URGENT… THE LOAN GIVEN TO YOU OUT OF HUMBLE KINDNESS AND ASSISTANCE FROM OUR ORGANISATION TO SORT OUT YOUR NEEDS, BILLS AND BUSINESS WHEN YOU NEEDED IT THE MOST IS YET TO BE MADE,
    Well Since you have purposefully and intentionally refused to pay EASYMONI be assured that we will continue reminding all your contacts how CUNNY, SELFISH, SELF CENTERED, IGNORANT AND A POTENTIAL DEBTOR you are towards making your payment. In case your contacts have not been contacted yet , do not worry, it will surely get to your turn TODAY AND I PROMISE YOU THAT 70 -100 OF YOUR CONTACTS WOULD RECEIVE MESSAGES FROM OUR ORGANISATION(EASECASH), they will definitely be fully aware of your dubiousness today from EASYMONI legal department. Also, by accepting to our terms and condition we will be sending a report to all other LOANS APPS, FINTECH ORGANISATION AND OTHER FINANCIAL INSTITUTIONS sharing your details on how dubious you can be and restricting you from getting loans from other LOAN APPS, also taking necessary ACTIONS TO BLOCK YOUR BVN… RELIGIOUS PLACES OF WORSHIPS LIKE CHURCHES, MOSQUES, SOCIAL GATHERINGS WOULD ALSO BE ALERTED AND THE LIKES OF SOCIAL MEDIAS LIKE FACEBOOK, TWITTER, INSTAGRAM, TIK-TOK AND MESSENGERS AND AS WELL WHATSAPP GROUPS WOULD GET TO KNOW ABOUT YOUR UNPAID LOAN AND YOUR DUBIOUS ATTITUDE… MAKE YOUR PAYMENT NOW..
    BE WARNED! CALL YOUR ACCOUNT OFFICER AND IF PAYMENT HAS BEEN MADE, SEND PROOF OF PAYMENT ON WHATSAPP….
    MAKE ALL PAYMENTS TO WEMA OR STERLING ACCOUNT OR PAY THROUGH THE APP.. DO NOT PAY INTO ZENITH ACCOUNT AS WE ARE HAVING NETWORK ISSUES
    Sent On : 2 APR, 2022 13:57:31

  85. Good Day from IMONEY Our decision goes in line with all collection agencies licensing laws. YOU are used to messages sent by other Loan Platforms to your registered contacts and few phone book contacts randomly selected as a chronic debtor. KINDLY WAIT AND GET THE GREATEST SHOCK EVER!. You have been consistently told to avoid unnecessary embarrassment, blacklisting and unredeemable regrets in respect to your debt for days . we have all records of calls and text with much persuasion on modalities for your repayment which you decided to ignore and want to know what we can do. YOU WILL GET EXACTLY WHAT HAS NEVER BEEN DONE BY OTHER LOAN PLATFORMS AND BRINGING A LIFETIME REGRET UPON YOURSELF AND FAMILY.

    Recently
    I collected a loan to boast my business but unfortunately the land of my shop was sold and we are asked to vacate the premises before March 31st, have packed but I don’t have enough cash to pay them back and all I could get is a threat from Imoney, Xcredit..and they keep adding to my loan I collected..I will pay there money when am financially okay..

  86. I lost my job because of fellows,my employer received the message and has to give me query and from there 3months suspension then lead to automatic sacked this people are hell they will fraustrate the life out you you why now this is wickedness and they can’t also take a loan with that kind of interest please oooo our government do something before they kill all of us with Fraustsration and depression 😫 oooo

  87. Haaaa🤔😱 our government should please banne this loan app they were putting people under fraustsration and depression with this loan issues I almost do the worst for myself because from 30k that I borrowed from one app to pay back become an issue I had to shuffle from one app to another to the level that it choke me I no con see am shuffle again they had to go far to the extend of black mailing me receiving different kind of call and msg from family and friends but alhamdulillah am still alive but trying to pay back gradually after the embarrassment 🤔 I still received a message last week from cashlion agent still treatning me our government should please find solution to this alot of people are in this shoe facing depression 😫😢

  88. The loan app called FASTMONEY has totally destroyed my entire life. And to the FASTMONEY person that is using this number +234 912 492 6015, Know that death is looking for you. Because the only thing left now is for me to find you and kill you before i kill myself… Watchout!

  89. LCREDIT are still doing worse to us oooo they are sending pictures to our contact oo,they claiming they can handle federal government oo,, did federal government afraid of LCREDIT?? This is serious matters

  90. I support all digital lending should be ban because they are scammers and they also invaded somebody account.

  91. Public Notice public Notice Public Notice…. the Nigeria Police force has declared LCREDIT Company n is officials staff wanted for fraudulent act,n breach to customer privacy, contact phone list… pls send us the phone number they call u or threatened u with,don’t worry it’s our duty to track n arrest them .. enough is enough

  92. Pls member of the public,Calm down we seriously working on this matter,all this loan app don’t have real office address,all the address the are using are fake expecially LCREDIT Company,There is a lot petitioned writing against LCREDIT,it’s already been endorsed and approved for quick action,even if don’t have office to located n got them arrested, once we tracked the phone number of one their staff n got he or she arrested,that would led us all of them, Don’t pay any money own online again,I reap don’t pay any money u borrow back online,tell them to give u their office address so that u can come n pay…
    LCREDIT have been declared wanted,are what they doing now is illegal!!! The end has come for LCREDIT …..

  93. Infact I’m a vitim of this loan apps. Since last year till new I never saved a dam . Once is time for my payment especially fast money lender( sokoloan) they will begin to send messages to all my contacts on WhatsApp . This shouldn’t be. Please government should do something about it at least we have been surving before this loans apps came. So if the government banned all we’ll also survive. Thank you. please

  94. Good day FCCPC!

    We appreciate the fact that some steps were taken by FCCPC and some other agencies few weeks ago to curb the bad ways these online loan companies or loan sharks violate the rights of their customers, especially while trying to get their repayments made but these steps presently appear to be like a lip enforcement and not real enforcement. These online loan companies are still doing as they have always done.

    It is saddening that after series of complaints from a lot of Nigerians on the bad, disrespectful, disgraceful and embarrassing way that these online loan companies use in retrieving their loans from customers, the FCCPC and other co agencies still haven’t been able to curb their bad acts. It is unfair. Please, Nigerians are going through a lot from the hands of these loan companies.

    Please, your agency should protect the customers but presently, it seems you do not care about the life of Nigerians. Loan companies are killing people indirectly and directly daily due to the disgrace, embarrassment and bad ways they employ in trying to get their loans back from their customers. They are still exhibiting these attitudes. Loan companies such as:
    (1)LCredit
    (2)XCredit
    (3)Cash Lion
    (4)KashKash
    (5)9Credit
    (6)Ease Cash
    (7)Ease Moni
    (8)Aje Loan
    (9)Aim Loan
    (10)Angel Loan
    (11)Any Loan
    (12)Okash
    (13)EasyCredit
    (14)NCash
    (15)Mint Loan
    (16)Bell Loan
    (17)Naija Credit
    (18)Next Credit
    (19)De Loan
    (20)Zuma Cash, and many others.

    We heard and read that some moves were made by FCCPC but it seems it was just a lip service or a lip enforcement. Most of these loan companies are still violating the rights of the customers and they say FCCPC, NITDA and others can’t do anything to them that they are working together. This is not supposed to be happening. It is pathetic. Presently, FCCPC seem like the only hope for a common man who unfortunately finds himself or herself lending loans from these online loan companies.

    The short term duration and very high interest rate should be checkmated. The advertisements, especially on loan duration and interests are different from their true nature. The least duration of the loan repayment should be at least 3 weeks or a month with low interest rates and even an option to extend the loan repayment time and not usage of threats, disgrace, humiliation, embarrassment, etc. by sending bad and humiliating messages to contacts on the customers phone.

    FCCPC, NITDA, EFCC, please help Nigerians regulate and checkmate these online loan agencies. Nigerians are dying daily due to increase in blood pressure, heart attracts, etc. All these are due to the way these loan sharks disgrace and humiliate customers who are unable to make payment on due dates. Please, I write on behalf of myself, some friends who are in this shoes and many other Nigerians who makes use of these loan companies to meet immediate needs and do businesses due to the bad economic situation of the country.

    Please, we need good rules and regulations to guide these loan companies and customers harassments, humiliation and disgrace should end now before it is too late. Please, kindly help close down the loan companies who would not abide by your rules and regulations. Please, FCCPC, kindly try to do all your best to protect customers right from these online loan companies. Please, save Nigerians ‘now’.

    Nigerians also should endeavor to pay back their loans as and when due but if they’re unable to make the repayments on due dates, grace should be given for extension of loans such as that of ‘FairMoney loan extension’. The loans of 7 days, 8 days, 10 days and 2 weeks should be canceled too. At least 3 weeks or a month loan duration with low interest rates and not the present high interest rates offered by these loan companies which is not what was advertised in their ads on different platforms.

    Above this comment are some of the different complaints by some Nigerians on their bad treatment from these loan companies. Please, FCCPC, ICPC, NITDA, CBN and EFCC try to regulate and checkmate the bad tactics of violation of human rights by these loan companies while trying to get their repayments.

    We look forward to a positive response from you FCCPC and other necessary agencies.

    Thank you!

  95. NO PEACE FOR THE WICKED.
    YOU CANNOT CHEAT LIFE CONTINUOUSLY. Ever wondered why things has been difficult for you and you have not been able to clear your debt? because for so many years in your life you have lived a life not worthy of emulation that is why even resources of earth do not answer to your call. You cannot pretend to be a good person, download an app you do not know where the money put inside comes from and you collect money, after agreeing to pay back at a stipulated period of 7days YOUR PROOF OF FRAUD IS THAT YOU SAW 7DAYS ON THE APP AND WENT AHEAD TO COLLECT MONEY then you eat another persons sweat, sit back in your house and claim nothing can be done to you because you took the money from online. You are forgeting there is a spiritual curse to this life we live in. When you begin suffering and cannot afford any more finance going through many years filled with regret kindly remember that you stole a persons money and you were cursed. If you feel it is your right to take a money you did not work for then it is the right of Karma to make your sufferings and tribulations compounded. You can never be greater than the person you lend from and start acting like a criminal, remain in your state. BUT BY THE TIME NKASH IS DONE WITH YOU , YOUR LIFE WON’T REMIAN THE SAME .NKASH (MAKE YOUR PAYMENT NOW) LEGAL TEAM 09122503601
    Sent On : 28 MAR, 2022 16:17:11

    How do they expect one to pay after all these curses .. this is just one amongst the rest

  96. Hmmm, just wen I thought I was the only one. These app just have to go! Threats and swears all around. They don’t even understand that one needs extension. They went ahead to tag me a thief and a fraudulent person. Even after making part payment. What annoys me is the insults that come with it! Let me not talk about early morning and late night calls from them. I can’t even have my battery kept for long again. Fed govt. Pls bring these ppl down or sanction them.

  97. I support all digital lending company should be banned. They have no single help to our dear Society.
    Disgressing and threatening of our dear Nigerians that’s all they know.
    I appeal the federal government should banned and sanctioned all of them with 200 billion ransom to all victims.

  98. These loan Apps has finished me. I can’t wait for Govt to really do something. Due to calls and threat’s from these people I develop High Blood Pressure. Please shutdown all operations.

  99. All these online loan app should be ban asap,a friend of mine almost commit suicide because of them, ranging from calls to message to sending her picture to her contact that she is a criminal….. They are making life unbearable for people to life, and tarnish there image makiny them feel they have no hope.

  100. I started taking loan early last year and up till date I could not stop because the interest was too high that I couldn’t.when I pay I can’t meet up the amount I haveto sell something to pay later it got me to the extend that I have to collect from another app to pay the due one.i sold all what I have right now am in pain over my asset this loan all most took my life. thank God government intervene I thought I was the only one that’s is suffering didn’t know we were many I didn’t know I have been working for them some time the call even before due date please this loans should stop to exist

  101. M a new mom entering depression becos of defamatory messages, uploading my picture and calling my contacts,BanAllLoanApps😭😭😭😭😭😭🙏

  102. My loan on gocash was due 3days ago, I have not been online because I lost my phone and SIM only for me to get back online yesterday and saw messages from some my contacts with my picture that someone sent the message to them that am wanted and a thief. I message the number today only for them to still send another to other of my contacts. I don’t just understand why they’re behaving like this and they don’t have an office in Abuja because I’ve check for that to go see them. Please if there’s a way to get to this people called gocash, please Someone should let me know. Thank you

  103. WHY I BORROWED AND WHY I WILL NOT PAY BACK.
    I don’t like borrowing anyways, but on this faithful day. I needed money to update my travelling passport. Then I recalled loans apps adds that I see online. I tried one (name withheld) on the app, I was to be giving 120000 (one hundred and twenty thousand). After filling out the forms and giving my bank and even ATM details, the next thing I saw was “YOU ARE QUALIFIED FOR #6500 ! What? From 120 to 6000? After giving you even my bank details? Okay, I will collect the 6500. To meet up how much I needed, I went to another app. They did same thing and after all the procedure I was worth just 3700. Frankly, as I type here I am owing 13 loan apps. The second people that gave me 3700 for me to pay 5200 in 7 days time called me a day after I took the loan. The lady said she wanted to remind me that my loan will be due in 5 days… I tried to correct her that it will be in six days, she insisted that it’s 5 days; she continued, and Mr Michael, the way you have started, don’t bring any story when the 5 days are due ‘cos we will contact all your contacts and post your pictures on all social media platforms and publish all that you are on the national dailies. I laughed. That was what spikes my devil. Constant calls from them and many others when the loan is far away five days due. Many I wanted to return their money. But one of them spoiled the show. They edited my picture with a letter head “WANTED FRAUDSTER” enh! And started sending it to my Whatsapp contacts. People were calling me to know how, many were shocked and couldn’t hold it and quickly reach out to me. When I explained to them what happened and why they see that picture, some calm down and keep their trust in me. I am not a fraudster, I am as clean as anything. It was so unfortunate for the loan apps that everyone around me trust and believe me to a point that no black mail will paint me black. When my contacts would call me, I will tell them straight to expect more from many others, cos I borrowed from many. I WANTED TO PAY, BUT THEY WENT TOO FAR. IF I PAY THEM NOW, WILL THEY GO AND DELETE THE IMAGE OF ME THAT THEY HAVE PAINTED ON MY ASSOCIATES MINDS?

  104. The loan app in ths country is nothing to write home about. The best thing is to avoid colleacting money and just keep praying God to make away for you to be able to sustain your self and your family.

  105. Good Day *Damilola Rukayat A.*,
    The Nigerian Consumer Protection Commission (NCPC) has reached a solid agreement with the independent Corrupt practices and other Related Offences Commission including The National information Technology Development Agency and The Nigeria police force that all customers owing all loan application is expected and mandatory to pay the principal amount and 70% of the overdue charges.
    We instruct all Nigerian that is owing them to do as we agreed with them or proper litigation will be proceed against their customers.
    Note that the presidential task force is now involved with the regulations of their activities.
    Name of long overdue customers will be published across all social media and national publication commission will be published on DAILY NEWS PAPER 📜📜

    SIGN BARR. O. KOLAWALE
    They sent me this today

  106. If you see how ninecredit threatening me, is as if i took 20k from them they are telling me they will post my picture all social media. And me i will not kill myself over 12k i borrowed from them so they except me to borrow 12k and pay back 20k within a week.

  107. Good Day *Damilola Rukayat A.*,
    The Nigerian Consumer Protection Commission (NCPC) has reached a solid agreement with the independent Corrupt practices and other Related Offences Commission including The National information Technology Development Agency and The Nigeria police force that all customers owing all loan application is expected and mandatory to pay the principal amount and 70% of the overdue charges.
    We instruct all Nigerian that is owing them to do as we agreed with them or proper litigation will be proceed against their customers.
    Note that the presidential task force is now involved with the regulations of their activities.
    Name of long overdue customers will be published across all social media and national publication commission will be published on DAILY NEWS PAPER 📜📜

    SIGN BARR. O. KOLAWALE

    I got these, this morning

  108. Am scared of my life not be blackmailed by this loan app. I was even told they don’t care if I go and steal to get them paid. I was told even if I die, my family will pay up my dept. But I told them the moment my pictures are out to my contacts, they should forget there money because I can’t leave with shame and still come back to pay . Federal government should do something on how our privacy is been ivaded

  109. I am a victim of these loan apps, from 9credit,I started collecting loans from other apps to pay bck 9 credit since the lockdown I lost my job….. I have always cleared them, just these few days I couldn’t meet up because i was robbed, every single thing I had, I keep getting threats from them…. Right now I don’t even know what to do… Bcz I’m entering a state of depression and I can barely think straight😭😭😭

  110. They are all thieves…….but my question is can they ask cbn to block my account if I refuse to pay because dis people has called everyone on my contacts list and declare me wanted

  111. Fairmoney loan is even far worse.
    How would you give #120,000 to pay 154 in two months and before the two months it has started adding #400 daily and within 26 days of loan its already #158,000.

    Fairmoney should be automatically shut down.

  112. This people are killers, they want to destroy me, even after paying part payment, they kept on sending my pictures and my contacts messages, they keep threatening me .. since they’ve decided to post me I’m not paying a dime , hv been depressed.. they want to kill me .. I had to switch off my number .. so they won’t get in touch .. I hv high blood pressure… the government should ban them all 🙏🏻🙏🏻People are dying everyday .. but this time I’m Ready for them

  113. I borrowed money to pay my children school fee I paid part payment and before I know dy started posting my picture to my colleagues,boss, neighbor and family.i was sacked by my supervisor I haven’t gotten any job if u need me to take you to aje loan company I know them dy really disgrace me

  114. These loan companies are currently making me go through a traumatic experience. For God’s sake, I have been working with some of them since last year October but just this month because I defaulted paying them due to a financial down turn with me, they keep threatening me, calling and forwarding messages that can cause ruin to my reputation to my contacts… These apps are not considerate at all. They do not have any customer relationship. 9credit which is one of the apps I’m talking about right now even sent a message with my photos on it stating “wanted” like I’m a criminal. These people are not friendly at all to their customers but when they are advertising their products, they appear otherwise.
    Please and please, they all should be scrapped from the Nigeria lending companies. They don’t deserve to be in existence. Please play store should also delete them from their platforms. Amongst all these done to me, up till this moment, they keep debiting my account without my consent even till this moment. That’s hos they debited some money sent to my account the other day and these money doesn’t belong to me. Please the appropriate authorities should intervene and come to the aid of Nigerians. Please. Thanks

  115. This loan apps should be ban seriously. They talk to you like trash,send messages to your contact involving you family, put up your banking details in public. Give you threats enough to throw you into depression, Lcredit, easy moni, easekash easy cash, cycle cash, bell loan abc loan, de loan, snappycredit,cashsea mint loan, lone personal,loan niara,kashkash, gokash 9credit trueniara angel loan Io money. Zuma cash Happy loan next credit and so on

  116. i am also one of this fake loan company victim their threat can make someone to commit suicide.
    fast cash their interest rate is 50% for 7days they don’t have contact number and address
    cashmall
    9jamoney
    easyloan
    fairmoney
    kiakia loan
    nextcredit
    nairacredit
    sokoloan
    Renmoney
    etc 9jamoney recently debited my account is a Zenith Bank Account about 46000 naira without my consent they use POS Machine to debit the money from my account and Zenith Bank said they cannot do any about it, they are many, government should please ban them before most people we continue to commit suicide because of this useless people.

  117. Virtually everyone has same story. This loan apps are fraudsters. Their interest rate is so high. The end result is double the problem which made you borrow from them in the first place. Fairmoney and Branch are the only loan companies I can give 7 out of 10. The rest should be shut down.

  118. Lcredit…keep sending messages to my contacts.wallahi i dont care.since youve decided to send defamatory messages to my contacts then consider it as THE END OF THE DEAL,Im not paying a dime.You hqve gotten your repayment by sending messges to my contacts

  119. Yes FGN have to banned all this apps and they are threats citizen of Nigeria more than expectation,
    LCcredit
    GOCASH
    9CREDIT
    XCREDIT
    CASH MAMA
    Zuma cash
    Uni credit
    GSOU loan
    Found one loan
    Next credit
    Deloan
    FlashCash
    Naira9ja
    Sparkle Naira
    Kashkash
    Anyloan
    Tloan
    Angel loan
    Cash mall
    Easy credit
    Naija credit
    Max naira
    Locky loan
    Loan naira
    Ngn Naira
    Coco loan
    Hcash
    Ngmoney
    Eveloan
    ABC loan
    Ease cash
    Naira land
    Ajeloan
    OK loan
    Naira land
    The worst are
    Loan personal
    Cashsea
    Mintloan
    Belloan

  120. I do not wish the govt..to ban them buh they should restructure dia module of operandi…..based on interest rate…

  121. Please Government Nigerian are dying everyday bcos of this loan, Federal Government help your citizens if it is only thing you can do for us now. Nigerian are dying bcos of this online loan

  122. I collected a supportive loan of 200k for my uncle from Fairmoney,after first payment of 131,000,we extend the following month with 31,000 and after that, we paid the Remaining money with mobile app, which was acknowledge on my mail, but the money is still on my dashboard as we speak. Despite the fact that we repay the money again making it twice because we are the at point of bank loan disbursement, so they said we should go and repay with the accumulated interest before the loan will be approved. And we repay again, the money still Remain as we speak and we lost the money.. Fairmoney, they are the worst among them all thief ole

  123. I’m at the point of committing suicide now. These loan apps have really disgraced me, they’ve given me another name. Alot of people are dying everyday because of these loan apps. No one intends not to pay but the interest is killing everyday. Imagine someone that paid almost #60,000 thinking they would increase or lend her almost the amount she paid, just to find out that the amount they could offer next is #10,000. Deduction of #50,000. Truenaira added #2,800 late fee per day😭

  124. Even if they like, they should text/contact my ancestors, I won’t pay them a dime again, they are all thieves. How will they give you loan with a very high interest and expect you to pay within one week (7 days), then when it’s overdue they keep adding more money daily. They have contacted almost all my contacts and embarrassing me. Imagine loaning me 24k and expecting me to pay almost 36k within one week, I was able to raise 30k and they refused to accept it, they have made my life a living hell, but I am ready for them.

  125. The government can’t do anything about it, let’s me ask you all this question, can a thief expose thief? If no then bribery as taken over the issue, government knows fully who they are so they can’t do anything about it, can someone order the arrest of himself knowing fully well the crime he committed, please what am seeing is disasters behind all this drama at the end 👌👌👌👌

  126. Most of all this loan apps are nothing but riffraff and golddigger, when collected a loan an unable to pay it back at the date the problem started, the will disturb your life with calls and series of bad messages, I remember collection loan from palmcredit 21500 and to payback within two weeks but unfortunately I didn’t meet up the date, and the loan was 9days overdue when I login to pay the money, the loan has been increased to 39000….
    Their are many loan apps like such as
    Opay
    Lcredit
    Palmcredit
    Anyloan
    Xcash
    Including fair money also the loan interest in something I can’t explain…

  127. Honestly, this is degrading.My own experience is not so different from others. I collect a loan to use for my childs school fees(50,000) I have paid this money till it remains 4,750 which i could not really pay much attention to cause lost my mother,while in this trauma, i explained to them to give me little time,as they can see am almost thru with my payment. But nooooo. They went online,my watsapp sent messages to all my contacts including my sons school teachers and principals, my pastors and and my place of work to not associate with me and that i cant be trusted with funds. Due to this, i lost my job just because of 4,750 Naira. Lcredit and cashlion are terrible loan app shark. Calls starts from 3,5 am to 12 am for me, no peace of mind,i lost my mother,lost my job life became unbearable. Still thia people careless,all they want is thier money. They sre really agent of destruction. Government should please come to our rescue.

  128. How on earth will everyday overdue charges will be #1,100 dis is killing act,alot of ppl av committed suicide because of accumulated overdue charges ,dey rush to you for financial help,your company added to their problem,and eventually lead to death.I av a friend she almost kill herself because of dis online lending issue.

  129. Collecting a loan when you know you do not have the means to repay back is you being wicked to yourself and showing your lack of integrity. What do you expect? To take the loans from these lending platforms & not repay? All of these loan apps has their terms & conditions stated on the App & you are advised to carefully read to understand what you are going into. They ask you to allow permission to your contacts & you do. Nobody forces you to do that. They even call your listed emergency contact to confirm if you are capable of repaying back the loan & apparently they all agree & attest that you can pay. Then when it is time to pay you default & expect to go scot free? Nigerians are by default dubious by nature. It is in all Nigerians DNA to be fraudulent & dubious & that is why We are not trusted by other developed countries. 90% of Nigerians lack integrity. You applied for a loan from the comfort of your home. No collateral & no guarantor, yet the loan is approved to you. What else is trust? These people give us a loan on the basis of trust even if they know we Nigerians cannot be trusted. What do we do in return? Report them to our Govt agencies. Do you know what the agencies do? They visit these loan companies and collect envelops full of money. Mind you, our Govt will never give us loans. They only give loans to the elites & bourgeoise. Keep reporting the helpers who meet us at the desperate point of our needs.

  130. I have been victims of sokoloan merchandise, Rock financials(Anyloan and Angel) even going as far to posting my pictures and BVN to friends and families on whatsapp, via sms labelling me a scammer for a day default.

    These actions also cost me my job as of December last year(2021) as my employers took the false allegations seriously and hence laid me off for not representing the companies image well.

    I will advise anyone out there to desist from these loan sharks. I equally noticed that whatever I do with the money always crashes.

    Federal government should please do something quick to put an end to these situations. A lot of people are really going through a lot with these fintech fraudsters.

  131. Am a victim of this loan app, am not proud to say am a debitor but there are some times life throws you in a very tight and hard situation, I borrowed money from loan app to pay my tutuin fee. And I most tell you have not been able to breath the harassment it has cause me alot. One time I almost fell into depression. Cause they were literally destroying my image. I know a few loan apps that needs to be ban
    Mint loan app.
    Bell loan app
    9credit
    Ncash
    Easy credit
    Ease cash
    Etc
    This people use dubious means to collect money from their customers and they percentage is very high. Imgain being charged 1000 for late payment everyday.

  132. Please, the federal government should ban all the loan apps in Nigeria because they are all scammer and frauds. I happened to be a victim of the loan apps too, it even cause a rift between me and my wife presently and family members because of their viral image tarnishing and defamation messages. I will be glad if they (all the loan apps in Nigeria) can be ban/regulated or shut down for good.

  133. The government should ban and shut the whole app down because these people will lead many Nigerians to their early grave without doubt, am a victim as am typing I credit, naira plus easy credit e.t.c have made life difficult for me as they add more than #1,000 to my overdue payment every day so no matter how am trying to clear them it’s seems impossible as a loan of #20,000 with #8000 interest for 7 days has now reached #50,000 plus with series of a daily threat messages, I have pleaded with them to stop adding for easy payment but they won’t respond to such plea a proper sanction and total shut down is the only option because they’re no going to stop this victimization
    they have extorted too much from us they’re wicked heartless and lawless activities

  134. 99.9% of the loan apps in Nigeria are fraudulent,except Fair money.
    The rest should be totally banned.
    They are scammers,all there intents is to defraud vulnerable Nigerians and government must stop them ASAP.

  135. Good day, kindly inform Bose Mary Odipe 7060408359 ₦8441 of his/her loan repayment to avoid embarrassment because he/She has been acting fraudulent. thanks.
    This is the message they’re sending to my contacts

  136. Please Governments, help stop all this loan app in Nigeria. Most people has committed suicide due to this kind of harrasment caused by the Illegal loan app in Nigeria, most has lost there job and their families because of this.
    My life also almost ruined and I almost commit suicide because of this people, but I thanks God for my life.
    Let’s Unite and stop this people for good cos United we Stand Devided we Fall Thanks.

  137. 090120135660 creditAll agent…+62 813-8640-9031 Unique money agent…+234 912 180 7745 easy credit whatsapp no agent…+234 906 951 9187…cash sea agent…+234 907 684 2185 icredit agent …+2349120135748 nextcredit agent…+234 9040410313 Lcredit agent…+2348144599497 Bell loan agent…+2347066634884 Deloan agent…

  138. This so called online loan apps re so wicked nd also can let someone to commit suicide, i was borrowed 24k to paid back 32k from LCredit for 7days duration, i was on sick bed wen my loan due at january nd i was not informed then they started calling nd sending messages to my contacts dat i ran aways wit company money dat i was declared wanted nd also i escaped from HIV centre…till now i refused to make their payment bcos they ave accumulate d money from 24k to 75k now,pls who does that i ave even ave their number including MONIcredit agent number (07063719357…Mr Gozi tro2 truecaller)…

  139. As at today all these lending companies that are shut down are still sending threaten messages to customers that fall victims.

  140. Federal government should as a Mather of urgency put an end to all this online loan app. I’m a victim of sokolending app. With there outrageous interest rate you have to pay back within 7days. Most of These loan app have more than one apps some up to 5 different apps they exploit people with. Some even go to the extent of publishing obituary poster of people that couldn’t meet up with thire payment. Government should deal with this people severely. One of my colleagues salary got swept off twice because they have all your bank transaction details.

  141. Yes! Let fg freeze all them and not only that but arrest all of them .. them are thieves..
    I was ripped off 20,270 today from Okash with my knowledge..
    Not only that.. 7270 from easycredit..
    Thieves!!!!
    And I can’t even able deleted my account information again once it inserted

  142. THIS IS TO NOTIFY YOU THAT YOUR LOAN IS DUE BY 8am ; WE ARE GIVING YOU TILL 12PM TODAY THE 13th OF MARCH 2022, TO MAKE THE FULL PAYMENT TO US AT NCASH: THROUGH THE STERLING/WEMA BANK ON YOUR APP, OR ELSE WE WILL POUR THE FULL WRATH OF THE LAW UPON YOU. WE PROMISE TO TAKE THIS CASE UP WITH YOU IF WE DONT GET THAT PAYMENT BY THE STATED TIME ABOVE.YOU HAVE PUSHED US TO THE WALL BY DECEIVING OUR AGENTS!! IF YOU DONT WANT TO SUFFER AND SPEND THE REST OF YOUR LIFE IN POVERTY OR IF YOU DONT WANT CALAMITIES TO BEFALL ON YOU,YOUR BUSINESS,CHILDREN OR JOB OVERNIGHT, OR THE CURSES THAT FOLLOW DEBTORS IN BIBLE AND IN QURAN WILL NEVER DEPART FROM YOU , YOU BETTER REIMBURSE YOUR LOAN ON BEFORE 12PM. YOU HAVE PROVEN TO LACK INTEGRITY AND NOT TO BE TRUSTED WITH OUR MONEY, AND WE WILL MAKE SURE TO DEAL WITH YOU ACCORDINGLY. PLEASE DONT PAY BECAUSE WE REALLY WANT TO MAKE A SCAPE GOAT OUT OF YOU TO THE GENERAL PUBLIC, THIS WE PROMISE YOU SWEARING BY THE MOTHER OF THE LAW WHO SEES NO PREFERANCE AND ALWAYS JUSTICE MINDED..NCASH

    I got the above message from Ncash this morning..

  143. Please I plead to the federal government to put an end to all this loan sharks. They are thief.

  144. Yes ,plz it’s high time they are banned. Am also a victim,collected loan from palm credit and the interest is half of what I collected.everything become tough for me cause I had to travel for my dad burial….they sent me serries of disturbing messages and also sent to my contact saying am a chronic debtor on the run, and I already made payments for the first 2 months o

  145. I think it’s better government should close down all online loan app in Nigeria…there interest is Killin and if you don’t pay in time they went round sending messages to your contacts it’s jus unfair..how can dey loan u 29k to pay bck 37k in jus 7days.??they are criminals pls..dis getting out of hand it’s better government barn dem

  146. This people have not stop their act by calling their customer chronic debtor,violating their privacy and breach of contract I will be happy if government will help us banned them for life
    Thanks

  147. Please I plead to the federal government that something should be done fast, because this people really tarnish my image after paying some amount of money as a commitment,yet they still went ahead to send messages and destroy my reputation.i sick through out there threat.those evil online loan app I come across are vcash,gocash, fastmoney,9ja cash,deloan,cyclycash,9credit and so on but have settled my debt.pls our Good president I plead that all this online loan app should be shutdown permanently pls Nigeria are dying in their hand and also their interest for 7days are more than 50% and making life so unbearable for their customer they worse than devil.

  148. This ppl are so bad 😭😭😭😭😭 even nigeri is owning money most expecialy @lcredit @okahs @esimoney this ppl can kill person with there treating pls government should band them, for not letting ppl to fall in to victims

  149. I am a victim of this lending apps,my issue seriously need attention,i borrowed from three companies,shortly after a month the covid pandemic began and i lost every financial steps i took
    I received numerous phone calls and WhatsApp messages every hour from the companies, threatening me and my family members and my friends and relatives.
    The worst part of it is that,they normally debit my account when ever they want without my approval,they normally debit my account when everyone is asleep in a midnight,.they keep doing this everytime.One of the attendants insulted me.
    I wish to tell the government to look onto this matter seriously.

  150. I am also a victim. Cha Cha loan company borrowed me #7000 and a day to the due date, they sent my picture along with my BVN to all my contacts that I’m a wanted cyber scammer. I have not been myself since then because of this defamation. My BVN is posted on social media for public consumption… Hey God!

  151. The loan Apps violates all the laws of Nigeria, the interest is very high,I was a victims, the loan was overdue, 9credit send messages to all my contact threatening my life, they disturbed, inconvenience me I repays the loan by force, if the government will allow them to continue their Business they must respect the Debtor.

  152. Lcredit is one such loan shark,I collected their loan to repay back on the 4th of march 2022,I transferred the sum of #28,700 twenty eight thousands seven hundred as agreed on the due date,they did not accept the payment with series of chat with their customers care receipt of transfer to their account ,yet the are still sending messages that my loan has overdue and I should repay the overdue charges

  153. Sokoloan via 9jaCash, FastMoney, Vcash, Sokoloan, GetCash continue to breach customer rights and privacy

  154. I’m also a victim…Imagine this people sending messages to my contacts that I collected loan with my family members to feed them, called me a chronic debtor, criminal on the run….went as far as insulting me, “you this bastard….you are very mad….your death is coming, watch out”
    Please ban them so that others will not fall victim….the threat is just too much

  155. Am a victim of lcreadit I borrow 37000 from them since I can make up with the payment it has increased to one thousand plus with alot of swear time to time from there maneger

  156. I m a victim of this loan apps company, intact, Since I collected loan from them and was unable to pay back, its been threats upon threats even with their high interest rates.They have left me with a psychological breakdown that I began to feel like committing suicide
    I suggest that this app company be banned for good at least if it were not there I would not have attempted or not applied for a loan

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Advertisement

Support the ICIR

We invite you to support us to continue the work we do. Your support will strengthen journalism in Nigeria and help sustain our democracy.

Advertisement

Recent

IDA offers getting real fellowship

THE International Documentary Association (IDA) is inviting applications for its Getting Real Fellowship. The program...

Ex-Kano governor Shekarau dumps APC for NNPP

A FORMER governor of Kano State Ibrahim Shekarau has dumped the All Progressives Congress...

US wants TikTok removed from Apple, Google app stores over data breach concerns

The United States (US) Federal Communications Commission (FCC) has called on tech giants namely...

Ekweremadu: Senate to send delegation to UK, Reps demand fair hearing

THE Nigerian Senate will send a delegation to the United Kingdom to meet former...

FG launches dashboard for tobacco control

THE NIGERIAN government has launched a dashboard to monitor tobacco products as part of efforts...
Advertisement

Most Read

Advertisement

Subscribe to our newsletter

Advertisement