Loan sharks whose offices were raided include Kashkash, Speedy Choice and Easy Moni, GoCash, Okash, EasyCredit.

Several federal government enforcement and regulatory agencies on Saturday raided the offices of loan sharks over their continued rights abuses of Nigerians.

The agencies comprised of the Federal Competition and Consumer Protection Commission, National Information Technology Development Agency, and Independent Corrupt Practice and other Related Offences Commission.

Loan sharks whose offices the Inter-Agency Joint Regulatory and Enforcement Taskforce raided include Kashkash, Speedy Choice and Easy Moni, GoCash, Okash, EasyCredit.

Reports detailed that most of the loan shark companies operated on the third floor of a four-storey building in Ikeja.

Work items belonging to the loan firms were carted away by the FCCPC and other agencies involved in the raid to support their investigation.

Speaking during the raid Executive Vice Chairman of the joint operation and Chief Executive Officer of FCCPC, Babatunde Irukera, said the decision to embark on the raid was triggered by the incessant complains from Nigerians relating to privacy infringement and malpractices by the loan sharks.

Mr Irukera said the joint task force was granted permission by the court to carry out the raid.

The FCCPC boss disclosed that most of the loan companies which are without addresses were being operated by the same person at the same location.

He also noted that most of the loan sharks operated illegally as they were not registered with the Corporate Affairs Commission.

“We found out that most of these companies operate from the same place. We also found out that many of them are actually operated by the same person.

“They are not Nigerian companies, they don’t have addresses in Nigeria and they are not registered in Nigeria with the Corporate Affairs Commission, and they do not have any license to do their businesses,” he said.

Many Nigerians have in the past months turned to online lenders as the country’s economy continues go worsen.

However, illegal loan apps have continued to ignore Nigeria’s cyber laws.

In their efforts to recover loans from Nigerians, they employ methods such as shaming and threatening customers who are behind in their payments.

Recall that NITDA had in 2021 slammed a N10 million fine on Soko Lending Company for threatening borrowers and invading their privacy.

https://gazettengr.com/debtors-relieved-as-fg-cracks-down-on-loan-shark-operators-nationwide/

No peace for the wicked debtors

hahahahahahahaha...

DrGoodman:
No peace for the wicked debtors

Debtors watching you from a far right now

Rubbish, fg will not give loan but will go after loan giver, stupid pusscy hunters

fashionnisir:
Rubbish, fg will not give loan but will go after loan giver, stupid pusscy hunters

oga go to hell with ur devilish loan.

Debtors should pay up.

DrGoodman:
No peace for the wicked debtors

But there will be peace for the thieving loan sharks operating illegally in the country without even paying tax to the government

The loan company deserve what they got

PrinceOfLagos:

But there wi be peace for the thieving loan sharks operating illegally in the country without even paying tax to the government

The loan company deserve what they got

But you walked in and took the loans without asking if they are paying taxes.

Now to pay back you start to speak grammar.

Golan007:
Debtors should pay up.

The thieving loan companies should pay tax to the federal government for the number of times they've operated illegally in the country

DrGoodman:


But you walked in and took the loans without asking if they are paying taxes.

Now to pay back you start to speak grammar.

Stop spewing thrash , the government should claim full ownership of your frozen account and properties as make-up for all the times you've operated in the country without paying tax

PrinceOfLagos:

Stop spewing thrash , the government should claim full ownership of your frozen account and properties as make you for all the times you've operated in the country without paying tax

And you walk away with the loaned amount?

Who is now a bigger criminal?

Nigeria will never get better with all these mini criminals everywhere.

I will not give you the privilege to quote me, you are a lazy and jobless ,why go for loan when you have no ability and capacity to pay. Is it your father's money or do you think it is your failed mmm, you will still cry like a goat las las no be nija we dey. Devilish loan ! I laff you ooo in Russia.

DrGoodman:


And you walk away with the loaned amount?

Who is now a bigger criminal?

Nigeria will never get better with all these mini criminals everywhere.

I will never stoop so low to your level , the God forbids.

I whole heartedly support the government on this one. If you want to do business in the country, go through the right channel else you will be bursted and all your assets confiscated for breaking the law of the land .

Look at this stupid loan agents crying all over the place because they got bursted for operating illegally in the country..

Useless people , can you try this nonsense in a foreign land?

The government is even nice , you should be made to forfeit all your confisticated properties and bank accounts permanently for all the years you've jumped paying tax

PrinceOfLagos:

I will never stoop so low to your level , the God forbids.

I whole heartedly support the government on this one. If you want to do business in the country, go through the right channel else you will be bursted and all your assets confiscated for breaking the law of the land .

Loan takers who didn't request for certificates of tax and went in and collected loans they are not willing to pay are bigger criminals. Just that same Nigerian mentality of reaping where you didn't sow.

Same government that is banning them now are also rendering your future useless. And you're here supporting the lesser evil

DrGoodman:


Loan takers who didn't request for certificates of tax and went in and collected loans they are not willing to pay are bigger criminals. Just that same Nigerian mentality of reaping where you didn't sow.

Same government that is banning them now are also rendering your future useless. And you're here supporting the lesser evil

It's your own future not mine God has blessed me ... You've been thrown back to the labour market for commiting a serious crime about our darling country by operating illegally

You don't deserve pity, you should be completely taken off the App store and your frozen accounts be permanently forfeited for all the times you've evaded tax

PrinceOfLagos:


It's your own future not mine God has blessed me ..

Every church rat is a billionaire online

For your information, am Dangote

Forget that they are still on the prew. Got a message from gocash about a debtor this evening for real

Good for dem, high interest rate because dey know there is hunger

PrinceOfLagos:

The thieving loan companies should pay tax to the federal government for the number of times they've operated illegally in the country

Na that one debtor dey rely on abi?

fashionnisir:
Rubbish, fg will not give loan but will go after loan giver, stupid pusscy hunters

Go and die with your loan. Evil spirit