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Nairaland Forum / Nairaland / General / Business / FG To Shut Down Money Lending Businesses Over Violations (43602 Views)
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Re: FG To Shut Down Money Lending Businesses Over Violations by kpo56(m): 7:42pm On Dec 27, 2021 |
tosine102: LoL |
Re: FG To Shut Down Money Lending Businesses Over Violations by MsAllison(f): 7:43pm On Dec 27, 2021 |
onigbese people pay ya loan |
Re: FG To Shut Down Money Lending Businesses Over Violations by Obimike30(m): 7:44pm On Dec 27, 2021 |
comrade abeg try dey focus na Kuda Overdraft i dey pory person fit they get inflow of large funds wey no be him own you go give am 100k overdraft for this sapa era una go learn even the country dey owe Olympiacos: |
Re: FG To Shut Down Money Lending Businesses Over Violations by Idzitari1(m): 7:45pm On Dec 27, 2021 |
Wish the shot down is today, those bunch of fools are clueless, imaging warning me that I will be embarrassed for a lone someone collected and use my name as a guarantor. Is it a crime for someone to save other people number in his/her phone 4 Likes
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Re: FG To Shut Down Money Lending Businesses Over Violations by nedekid: 7:48pm On Dec 27, 2021 |
ipobarethieves:Well said. See even if you make interest rate 1%, Nigerians wount pay. It will still be the same story. Loan an average Nigerian money and you guys must quarell when it comes to pay back time. When I want to discharge a friend that a disturbs me for money, I oblige him by giving a loan. I know he wount pay back and so wount ask me for money again. Lol 3 Likes 1 Share |
Re: FG To Shut Down Money Lending Businesses Over Violations by relaxandsmile: 7:49pm On Dec 27, 2021 |
When the conventional Banks with all our details have refused to give soft loans and the Federal Government is using NIRSAL MICRO FINANCE BANK to swindle the masses for a loan they don't give, why will we not patronize them? They better go and look at the prices of basic commodities. Very confused people. 3 Likes |
Re: FG To Shut Down Money Lending Businesses Over Violations by Obimike30(m): 7:52pm On Dec 27, 2021 |
floty threat they know they can't do shit because what they are doing is illegal but then again no be say the said borrower enjoyed doing this but bro naija hard i Guess it is what it is. I come in PEACE Idzitari1: 1 Like |
Re: FG To Shut Down Money Lending Businesses Over Violations by Kobicove(m): 7:53pm On Dec 27, 2021 |
tosine102: Shutting down loan companies does not necessarily mean that loans given out by them will not be recoverable |
Re: FG To Shut Down Money Lending Businesses Over Violations by Nobody: 7:54pm On Dec 27, 2021 |
JavaScript9091:I bet u work for them. How can u give someone a loan of 6days duration with interest rate almost at 50% and call it help. They are a devil reaping where dey did not sow, preying on poor innocent citizens. I nor blame you, thats what u get as a result of bad and clueless people in power, Nigerians knew nothing like loan shark apps until this govt came into power. Making life difficult for everybody. 6 Likes 1 Share |
Re: FG To Shut Down Money Lending Businesses Over Violations by King44(m): 7:54pm On Dec 27, 2021 |
Thank God They keep buzzing me to come and borrow what I can't pay, awon werey |
Re: FG To Shut Down Money Lending Businesses Over Violations by zionstaar75: 7:56pm On Dec 27, 2021 |
JavaScript9091:do u know what start up means?any loan that cant be used for business is useless to d econony.companies like umba that take 10% interest are still making profits aint they?do u know how many people those idiots have pushed to suicide.nigeria can do without those criminals believe me 3 Likes 1 Share |
Re: FG To Shut Down Money Lending Businesses Over Violations by kpo56(m): 7:57pm On Dec 27, 2021 |
cashhereVIP mind dey for back.. I fear loan for naija after with dealing this one. I no need loan again to
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Re: FG To Shut Down Money Lending Businesses Over Violations by zionstaar75: 7:58pm On Dec 27, 2021 |
thegreencoal:those loan apps cant bring any economic success abeg,they're only giving people bp and pushing them to suicide 3 Likes |
Re: FG To Shut Down Money Lending Businesses Over Violations by kraftysprouts: 8:01pm On Dec 27, 2021 |
matrix199: You lie about the 50% interest |
Re: FG To Shut Down Money Lending Businesses Over Violations by Nobody: 8:02pm On Dec 27, 2021 |
Godbless3:Sometimes it's better u report them. I know of someone that borrow money from Dem. he defaulted for a week and the overdue accrued to him was more than the money he borrowed even when he eventually paid everything, they still get calling his contacts that he is a criminal. If na u What will u do since u don't have money to sue them. 3 Likes |
Re: FG To Shut Down Money Lending Businesses Over Violations by favour32(m): 8:05pm On Dec 27, 2021 |
You better try to avoid loan people. You dey online dey do something important,na so dem go dey disturb you up and down,no collateral,get your loan within five minutes. Who don taya for life and e wan die fit collect. I don spend my long money finish? If na better thing,dem for dey use am dey shine your eyes up and down?. 1 Like |
Re: FG To Shut Down Money Lending Businesses Over Violations by Truvelisback(m): 8:05pm On Dec 27, 2021 |
DubaiLandLord:Shey him get sense? Him never prosecute him Bandits, and Bokoharam brothers finish na these loan violators him wan prosecute. |
Re: FG To Shut Down Money Lending Businesses Over Violations by Acidosis(m): 8:07pm On Dec 27, 2021 |
Good move. At least nobody go dey whine about sokoloan this, sokoloan that. Let everyone go and borrow from their relatives. 1 Like 1 Share |
Re: FG To Shut Down Money Lending Businesses Over Violations by Lothbrok(m): 8:10pm On Dec 27, 2021 |
Imagine what a customer care sent to a customer cause of one day delay in repayment. How is this acceptable? 3 Likes
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Re: FG To Shut Down Money Lending Businesses Over Violations by PrinceofAgoAre(m): 8:10pm On Dec 27, 2021 |
Please who know any of these sites that lends up to 150k with less interest rate and could hold on till like a year or 10months b4 they start harrassing me.. I get school fees to pay abeg b4 FG shuts anything down. Abi i fit see pesin wey fit borrow me 4 dz forum? If u wan dash me too. I'm very open to that. Mke i just clear dz fees abeg. 1 Like |
Re: FG To Shut Down Money Lending Businesses Over Violations by cloud(m): 8:13pm On Dec 27, 2021 |
With this news, people that collected loans go just lock up and refuse to pay while waiting for the hammer to fall on these companies |
Re: FG To Shut Down Money Lending Businesses Over Violations by orgylover: 8:14pm On Dec 27, 2021 |
This will be the best thing the govt will ever do |
Re: FG To Shut Down Money Lending Businesses Over Violations by Tetrahedron(m): 8:15pm On Dec 27, 2021 |
Zed…..nce must be no 1 |
Re: FG To Shut Down Money Lending Businesses Over Violations by PrinceofAgoAre(m): 8:17pm On Dec 27, 2021 |
MsAllison:Emm, ma. Shey mo le je gbese lodo yin ma.. Ejor.. 150k noni ko poju.. Dnt worry, in my own case, you'd get ur money.. |
Re: FG To Shut Down Money Lending Businesses Over Violations by blaise26abj(m): 8:19pm On Dec 27, 2021 |
JavaScript9091: I agree with you on that . If you can collect the loan, then fulfill your part of the agreement . However , the part I hate is the calling of contacts . It is a stupid , mafia-like shakedown . I have never taken their loans but I have been harassed because a vendor that I bought things from and exchanged numbers for future transactions got a loan and I started getting harassed for someone I barely know. For heavens sake I have only met this person twice a sales event . The part that got to me was when I got a call and I picked , there was a guy at the other end who sounded like a tout telling me that if I like myself I should tell the lady to pay up else my credit-worthiness in banks and financial institutions will be flagged . God saved him that He quickly cut the call when he finished . 3 Likes |
Re: FG To Shut Down Money Lending Businesses Over Violations by PrinceofAgoAre(m): 8:19pm On Dec 27, 2021 |
Idzitari1:What is the name of d lending company d person used? |
Re: FG To Shut Down Money Lending Businesses Over Violations by PrinceofAgoAre(m): 8:26pm On Dec 27, 2021 |
King44:What is their name? |
Re: FG To Shut Down Money Lending Businesses Over Violations by Remman(m): 8:26pm On Dec 27, 2021 |
SUPERPACK:the any idiot you said live on the moon to escape punishment? When people violate rules, they're made to face the law. In as much as there are idiots, there are legit and good guys. What they should do is fine anyone caught in the act with a minimum of 1m. But the main reason why they want to shutdown these platforms is that banks are loosing. The rules they're talking about is that these apps quickly gives loans without any colater and therefore has reduced the traffic on bank loans. Assuming the loans were difficult to for users to obtain, no matter what the policy is, the government would do absolute nothing about it. If you look at this critically, you'll know the main intent behind the shutdown. Actually, i agree with you because there are really really idiots. 1 Like 1 Share |
Re: FG To Shut Down Money Lending Businesses Over Violations by tuzle(m): 8:29pm On Dec 27, 2021 |
I don't understand the people on the first page. It is not as if they forced u to borrow money from them, so why complain about the interest. Before borrow u get to see the interest rate, nobody put a gun on your head to borrow from them. Most Nigerian even if there is no interest on the money they borrowed, they won't still pay backs on time and I am talking from experience. U would have to beg and pursue them up and down before they pay back. The only fault with this loan company is calling wrong people and telling them to warn the debtor( was I there when the person borrowed the money). It is total wrong. A friend of mine borrowed money from 3 different loan app with the intention of not paying back. The goat now use me as guarantor for the three. This was middle of this year and till today he hasn't still paid any. Do u expect them just to fold there hands and do nothing? Most of them believe this is the only way to collect their money. 2 Likes 1 Share |
Re: FG To Shut Down Money Lending Businesses Over Violations by King44(m): 8:31pm On Dec 27, 2021 |
PrinceofAgoAre:one is Aje, the other palm credit, oga patapata L credit haa those ones hen it's not nice doing business with them threatening start from a day to expire date 2 Likes |
Re: FG To Shut Down Money Lending Businesses Over Violations by DarkJeddi(m): 8:32pm On Dec 27, 2021 |
FalseProphet1:Why take a loan.. You have absolutely no hope of paying for? 1 Like 1 Share |
Re: FG To Shut Down Money Lending Businesses Over Violations by CaptainDo: 8:32pm On Dec 27, 2021 |
JavaScript9091: 50% interest in 6 days, and you are justifying it. They are taking undue advantage of the poor. Stop justifying their criminality. 50% interest in 6 days and their only means of getting it back is through defamation of character. Some of them are so foolish that they don't know that the contacts in my account are fake. If you send one million messages that tag me a criminal, none of those my contacts knows me. 2 Likes |
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