Revolution2022:
What is the fate of loan apps who are yet to recover their loan?

they should go back to china

Very good move by the FG

Sweetest news since the year began... At least this is gonna relieve us from Putin's madness.

ojun50:
them for list there name out make me know the betters ones

They did yesterday

Lol.... funny but Google doesn't take orders from FG...there r all still in operation

2mercy:
From Previous thread
https://www.nairaland.com/7026234/fg-shuts-illegal-online-banks



https://punchng.com/fg-orders-google-apple-to-deactivate-illegal-online-banks-loan-apps/

If this news isn't fake then I salute the federal government

Vondata:
Lol.... funny but Google doesn't take orders from FG...there r all still in operation

They will be operating at their own risk because nobody will repay after collecting loan knowing fully well that they can't do shit

Walkee:
I like the way our federal government is ordering these big techs. They used to form James bond in USA during Trump era

Do you think Google know Nigeria exist?

The only people that think Nigeria is important is you Nigerians.

Up till now Twitter doesn't even have you people's time.

Festus Keyamo and Femi Adeshina fooled you all that Twitter has agreed to share database with Nigeria and open office. It's going to a year now still nothing

Sharing access to database with Nigeria, do you know how crazy that sounds to these Oyibo companies. Of all countries in the world, it's Nigeria they will share data with.

Revolution2022:
What is the fate of loan apps who are yet to recover their loan?

They have entered one chance

Make i go find one borrow like 100k fast before them close d app.

Ademola47:
So if FG 'close' their shops now, what will happen to the money the loan apps have borrowed people? Will FG compensate them? Or they will bear the brunt of the dearth of restitution?

In as much as I don't like the excesses of the loan apps, I also don't like creating unnecessary hardship for people. FG can't just cripple their business like that.

Bros, nor vex o, from my understanding of the matter, it seems these loan apps are the first to commit crime, maybe fraud sef, because this a a consumer protection matter and I heard some of these loan offices claim not to have physical addresses but consumer protection people fished them out and took their systems for investigations.

One other thing is their verification system is very poor and baseless, you can't imagine going about your business and someone you met randomly used your number as a guarantor on a loan app, to my own understanding, these apps should call to verify first before approving loans not the other way round when the said loanee is defaulting then the apps starts bursting your life with messages and calls that you should find who you no know.

There is more to it, and I am in no support of the defaulters, but if whatever they do is against the law, they should close shop and do the needful...

The FG should also come down hard on banks like Kudabank

temptnow:


Do you think Google know Nigeria exist?

Do only people that think Nigeria is important is you Nigerians.

Up till now Twitter doesn't even have you people's time. Festus Keyamo and Femi Adeshina fooled you all that Twitter has agreed to share database with Nigeria and open office. It's going to a year now still nothing

lol inferiority complex will not kill you. Nigeria have 200m plus people, over 50m Nigerians use the Internet. Google definitely know Nigeria exist and they earn billions of dollars from here.
Twitter is fully under the control of the Federal Government now. Anything the government disagree with will be deleted. Go and check what happened to endsars hashtag and special emoji when FG decided to allow Twitter back.
Nigeria is a more important market than majority of European countries. Most European countries don't even have the population of Lagos and kano

ordered? As per na FG open shop for them? Lmao.

2mercy:
From Previous thread
https://www.nairaland.com/7026234/fg-shuts-illegal-online-banks



https://punchng.com/fg-orders-google-apple-to-deactivate-illegal-online-banks-loan-apps/

Don't smile they don't really care about you...

E Naira app doesn't want any competition.

The planned Social credit system can't work with unsecured loan apps.

So much for the nigerian ministry of communication that can't manages the cyber space , dumb ass old leaking barrels trying to contain shit , shitty government

Walkee:
lol inferiority complex will not kill you. Nigeria have 200m plus people, over 50m Nigerians use the Internet. Google definitely know Nigeria exist and they earn billions of dollars from here.
Twitter is fully under the control of the Federal Government now. Anything the government disagree with will be deleted. Go and check what happened to endsars hashtag and special emoji when FG decided to allow Twitter back.
Nigeria is a more important market than majority of European countries. Most European countries don't even have the population of Lagos and kano

God bless you because you have sense jare...

Most people just thrash Naija like say na forest, anyway, if FG tell google to delete due to its facts, I am sure google will not want to associate it's self to fraudulent apps...

EmptyGarden:
They should go for debt cancellation while they're at it.

Before

seniormallam:
The lenders and the borrowers are criminals, lenders want to cut leg, borrowers want to cut head,

You carry loan enter naija, you dey whine us ni, you no know say even who no get plan dey borrow loan for naija.

A friend that benefited from NIRSAL LOAN just knew today that the loan is payable loan, after squandering it,

Don't use money to joke with Nigerians living in Nigeria

I swear ,
They should have asked us that was borrowing money to frnds and family what they used our eyes to see before them enter 9ja

Paying back no dey our ethics

Long overdue

PrinceOfLagos:

Go withdraw your money o

Don't come here and be crying they ran with your funds o

Piggy is registered with CBN as an MFB

WarriAproko:
Make i go find one borrow like 100k fast before them close d app.

Multiple apps you meant... It's usually under 10k amounts for first timers. If you do pay back then they'll increase it.

Don't do it with your contact intact. You can use someone else's phone, cuz his contact may not recognize you or add yourself in few WhatsApp group and collect contacts.

Ademola47:
So if FG 'close' their shops now, what will happen to the money the loan apps have borrowed people? Will FG compensate them? Or they will bear the brunt of the dearth of restitution?

In as much as I don't like the excesses of the loan apps, I also don't like creating unnecessary hardship for people. FG can't just cripple their business like that.

They were not licensed to give loans from the beginning.

Ademola47:
So if FG 'close' their shops now, what will happen to the money the loan apps have borrowed people? Will FG compensate them? Or they will bear the brunt of the dearth of restitution?

In as much as I don't like the excesses of the loan apps, I also don't like creating unnecessary hardship for people. FG can't just cripple their business like that.

Well, they can. It's financial and illegal, according to the government.

Therefore the government can close them without any form compensation.

Walkee:
lol inferiority complex will not kill you. Nigeria have 200m plus people, over 50m Nigerians use the Internet. Google definitely know Nigeria exist and they earn billions of dollars from here.
Twitter is fully under the control of the Federal Government now. Anything the government disagree with will be deleted. Go and check what happened to endsars hashtag and special emoji when FG decided to allow Twitter back.
Nigeria is a more important market than majority of European countries. Most European countries don't even have the population of Lagos and kano

Please don't make me laugh this night.

200m people half are illiterates that can't read or write. 120m are living in serious poverty.
The remaining reasonable ones are running away from the country in any given chance.

I can count the amount of people in Kano that can write their name correctly.

When world geopolitics is being discussed, Nigeria is not even mentioned in anywhere.

We have trillions of cubic feet Gas in the South South and South East, the whole world know we have it, However, have you heard any European Union country considering Nigerian gas as options?

Nigeria is in darkness in this 21st century. Ain't we ashamed of ourselves?
Oga hide yourself, Nigeria is not important

Stephenmoka4:
Multiple apps you meant... It's usually under 10k amounts for first timers. If you do pay back then they'll increase it.

Don't do it with your contact intact. You can use someone else's phone, cuz his contact may not recognize you or add yourself in few WhatsApp group and collect contacts.

really.

Why do we Nigerians subscribe to loans that we know we will default on?

Stephenmoka4:
Multiple apps you meant... It's usually under 10k amounts for first timers. If you do pay back then they'll increase it.

Don't do it with your contact intact. You can use someone else's phone, cuz his contact may not recognize you or add yourself in few WhatsApp group and collect contacts.

what if i use a new sim with no contact

Ademola47:
So if FG 'close' their shops now, what will happen to the money the loan apps have borrowed people? Will FG compensate them? Or they will bear the brunt of the dearth of restitution?

In as much as I don't like the excesses of the loan apps, I also don't like creating unnecessary hardship for people. FG can't just cripple their business like that.

criminal business

Some of f those app lack civility, the way they harass or threaten customer is too bad.
I have a bad experience with them.

2mercy:
From Previous thread
https://www.nairaland.com/7026234/fg-shuts-illegal-online-banks



https://punchng.com/fg-orders-google-apple-to-deactivate-illegal-online-banks-loan-apps/

Those guys are big time thieves. Especially L-Credit and some others. I refunded my loan. Yet, they are still threatening me that I have not paid despite sending proof of payment. Well, I told them I am going to involve the Police/EFCC.

temptnow:


Do you think Google know Nigeria exist?

The only people that think Nigeria is important is you Nigerians.

Up till now Twitter doesn't even have you people's time.

Festus Keyamo and Femi Adeshina fooled you all that Twitter has agreed to share database with Nigeria and open office. It's going to a year now still nothing

Sharing access to database with Nigeria, do you know how crazy that sounds to these Oyibo companies. Of all countries in the world, it's Nigeria they will share data with.

It's either you have an unparalleled level of ignorance with tinctures of stupidity or you're just plainly becoming derilious in mischievousness.

If you want to counter a claim, it's wise to do that in such a way that'll not put your intelligence to question. The FG has power to tell Google what it wants even though they can't command Google to share data with them. Yet, Google has to comply with whatever the government says even though Nigerian Government is still a young boy in excercising sovereignty.