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Easybuy Continues To Violate The Laws Of Nigeria - Phones - Nairaland

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Easybuy Continues To Violate The Laws Of Nigeria by dsnet: 2:57pm On Aug 28, 2024
Section 35 of the Data Protection Act states clearly that it is a criminal offence for a digital loan app to access the details of their customers to recover its money. EasyBuy has breached this act and has acted criminally.

Secondly, the Cybercrime Prohibit and Prevention Act of 2015 states that any person, who knowingly or intentionally transmits any communication through a computer system or network to bully, threaten or harass another person is liable to imprisonment of 10 years and a fine of N25 million. EasyBuy has consistently breached this act.

In Nigeria, the Federal Competition and Consumer Protection Commission (FCCPC) is the government agency responsible for maintaining sanity when it comes to protecting consumers. The FCCPC has repeatedly taken action against the abusive activities of loan apps and services in the country.

In February this year, after doing some house cleaning of loan apps, the commission published a statement affirming that it was “intensifying enforcement efforts and adopting a zero-tolerance stance towards any exploitation of consumers or abusive conduct, whether in balance calculations, loan default enforcement, or recovery processes.”

Indeed, it is understandable that financial service providers need to recover their funds after disbursing loans. This is a valid need. However, with the emergence of loan apps in Nigeria came an abusive approach to loan recovery that can best be described as agbero behaviour. It is definitely also unlawful behaviour.

Despite the clear laws and the clampdown by the FCCPC, EasyBuy continues to act with impunity, giving a middle finger to Nigerians and to the government.

The complete report: EasyBuy dares Govt, continues illegal & abusive actions towards customers | Mobility.com.ng

Re: Easybuy Continues To Violate The Laws Of Nigeria by opera1(m): 3:07pm On Aug 28, 2024
Oga go pay your loan

15 Likes

Re: Easybuy Continues To Violate The Laws Of Nigeria by Kurugu92(m): 3:26pm On Aug 28, 2024
Instead wey you go hurlstle, you dey nairaland dey write big grama

12 Likes

Re: Easybuy Continues To Violate The Laws Of Nigeria by FriendsAndFans(m): 3:28pm On Aug 28, 2024
The government should step in and stop all these mobile loan sharks.

7 Likes

Re: Easybuy Continues To Violate The Laws Of Nigeria by Lamasta(m): 5:21pm On Aug 28, 2024
Go and pay your loan OP no let easybuy seize all your assets as China dey do Nigeria now

15 Likes

Re: Easybuy Continues To Violate The Laws Of Nigeria by Pat081: 9:32pm On Aug 28, 2024
They just send you that message ,they will do nothing ,but you too should go and pay the load fast

1 Like

Re: Easybuy Continues To Violate The Laws Of Nigeria by FriendsAndFans(m): 10:50pm On Aug 28, 2024
Pat081:
They just send you that message ,they will do nothing ,but you too should go and pay the load fast
which load

4 Likes

Re: Easybuy Continues To Violate The Laws Of Nigeria by techbro1: 11:59pm On Aug 28, 2024
FriendsAndFans:
which load

grin grin grin
Re: Easybuy Continues To Violate The Laws Of Nigeria by IamANigerianMan: 5:29am On Aug 29, 2024
dsnet:
Section 35 of the Data Protection Act states clearly that it is a criminal offence for a digital loan app to access the details of their customers to recover its money. EasyBuy has breached this act and has acted criminally.

Secondly, the Cybercrime Prohibit and Prevention Act of 2015 states that any person, who knowingly or intentionally transmits any communication through a computer system or network to bully, threaten or harass another person is liable to imprisonment of 10 years and a fine of N25 million. EasyBuy has consistently breached this act.

In Nigeria, the Federal Competition and Consumer Protection Commission (FCCPC) is the government agency responsible for maintaining sanity when it comes to protecting consumers. The FCCPC has repeatedly taken action against the abusive activities of loan apps and services in the country.

In February this year, after doing some house cleaning of loan apps, the commission published a statement affirming that it was “intensifying enforcement efforts and adopting a zero-tolerance stance towards any exploitation of consumers or abusive conduct, whether in balance calculations, loan default enforcement, or recovery processes.”

Indeed, it is understandable that financial service providers need to recover their funds after disbursing loans. This is a valid need. However, with the emergence of loan apps in Nigeria came an abusive approach to loan recovery that can best be described as agbero behaviour. It is definitely also unlawful behaviour.

Despite the clear laws and the clampdown by the FCCPC, EasyBuy continues to act with impunity, giving a middle finger to Nigerians and to the government.

The complete report: EasyBuy dares Govt, continues illegal & abusive actions towards customers | Mobility.com.ng
Nigeria get law?
Re: Easybuy Continues To Violate The Laws Of Nigeria by dominique(f): 6:01am On Aug 29, 2024
Why buy a phone on credit with the intention not to pay? What is the matter with you people?

6 Likes

Re: Easybuy Continues To Violate The Laws Of Nigeria by BItt: 7:07am On Aug 29, 2024
dominique:
Why buy a phone on credit with the intention not to pay? What is the matter with you people?
Nigerians need to be educated about loans and percentage. Calculation.
It's pathetic these loan apps are exploiting the level of illiteracy and ignorance of most Nigerians. They are feeding fat on people's finances and reputation.
The government should step in a stop all sorts of EXPLOITATIONS by these loan apps with strange loan terms and hidden deductions

3 Likes 1 Share

Re: Easybuy Continues To Violate The Laws Of Nigeria by michlins(m): 8:02am On Aug 29, 2024
You people are the reason we can not have a working credit system in Nigeria.


When you can not pay for an item,do not borrow
Re: Easybuy Continues To Violate The Laws Of Nigeria by Administration1: 12:59pm On Aug 29, 2024
jjjj
Re: Easybuy Continues To Violate The Laws Of Nigeria by silibaba: 2:23pm On Aug 29, 2024
BItt:

Nigerians need to be educated about loans and percentage. Calculation.
It's pathetic these loan apps are exploiting the level of illiteracy and ignorance of most Nigerians. They are feeding fat on people's finances and reputation.
The government should step in a stop all sorts of EXPLOITATIONS by these loan apps with strange loan terms and hidden deductions
increase the volume.


Quote me if you have any easybuy for sale.

We also unlock any easybuy phones for Ultima functining.
Re: Easybuy Continues To Violate The Laws Of Nigeria by Obierika(m): 4:59pm On Aug 29, 2024
Did anyone force you to buy a phone from Easybuy on credit?

Now it's time to make payment and you're speaking nonsense grammar

1 Like

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