₦airaland Forum

true2god:
I don’t really understand your argument here. There is what we call ‘risk appetite’ in business. The higher the risk appetite, the higher the expected return in investment and the higher the loss in investment as well (should something go wrong). That being said, running a Loan-giving business is a very lucrative but risky business with a very high-risk appetite. They should be aware that many people will default and should have found a more appropriate and legal way of recovering their money. Using a gangster and ‘Agbero’ approach actually validated the fact that most of these companies into soft-loan are themselves criminals. It is a criminal offense to blackmail someone who defaulted in loan repayment. You guys are only benefiting from people’s ignorance and high rate of poverty in the land. If all your customers, including the people you send blackmailing SMS messages to, collectively sue you guys for privacy invasion and blackmail, you will forget about their debt and japa.

My brother stop all this your long talk of low risk and high risk, it is a simple case of borrow and pay, once borrow and no pay enter its anoda mata...

Its not blackmail when you have given/consented your contacts to them... You can't eat your cake and have it.

Did they steal your contacts, who gave them authorisation to your phone book, of you did not default would we be here, you defaulted, messed up, accept responsibility and move, stop trying to make the app look like they just want to witch hunt u for no just reason, you are the one to first trow a spanner in their wheel of operation by dis balancing their books, you made them deduct someone's salary, you made someone lose his job, your actions have caused the app serious embarrassment, Pay your loan or call them to destruction it ahead of time... Stop being economical with the truth, most app companies will restructure a loan if you call them ahead, they often send SMS after several attempts have failed

danniyal:
Well you and your Chinese masters are going to pay 10million and end up in jail

My brother I don't know soko from anywhere, but I'm pretty sure if they take up the case they will win, I see a case of bullying here...


You cannot collect my loan, refuse to pay, and still slam me fine because I'm using every means available to recover my money... Typical case of Nigerians.... They will cry crocodile tears accepting any terms even using Ogun to swear, once they collect the money and squander it, that's all, they lock up.... If you try to recover your money, they slam you fine, beat you up and even use connections to lock you up... We will never grow with this mentality...


I'm very surprised people can come to the defence of a defaulter...

danniyal:
You call a loan of 7days at 46% interest help?

Even if it's 100% interest in 2 days, as much as them no force you and you read the terms and agreed to it... My brother they helped your life at your time of need... So do well to honor what you agreed, don't agree, collect the money, spend it and come back with they contacted my contacts...

adelaja70:
One of their workers.. How are you today?

on the contrary, I'm unemployed/self-employed, I just feel it isn't right to owe people, and still wonder why the person is taking drastic means to recover his money... My guy if them don owe you before eh... The person wea de owe you de live life you de starve... My guy...

true2god:
You are not making sense. This nonsense can only happen in Nigeria where you, the loan company, will blatantly blackmail and disgrace your defaulter instead of using a legally acceptable and civilized option. Why send me an unsolicited text message concerning your defaulter when I was never aware of your business transaction? In a civilized country you guys would have faced serious litigations, and perhaps, would have gone bankrupt for this unethical business practice.

While you have a point, its the defaulter that deposited your number, and people put other peoples number in cases of emergencies, such that call or contact this person if need be, or can someone go to hospital and ask why he was called because the injured person gave his contact, if you can't help, you go but if you can help them recover you help., they did not manufacture your number from somewhere, someone that knows you dropped your number...

jackslow:
if you think what they're doing is the right thing, then why didn't they win the case, the truth is there is government policy guiding every business sector in every country so ths loan companies cannot just formulate their terms N conditions without considering the guide lines given to them by the government.

The companies knows that what ever rules they give some must collect loan in Nigeria
Another reason is they know that there in little or no checks on business in nigeria,policies are made with little or no compliance.

The case has not gone to court, NITDA only slammed them with a fine, if soko goes to court, it will win, because the first person to default or renege on agreement is the customer, if the customer had not defaulted, we will not be here. So everything after the default is inexcusable.

kelbranty:
I have only one question.
Does the contacts (I call them guarantors) on one's phone have any say in the loan process before it is disbursed, that is, do they have the right to say "that guy is a criminal, he won't pay back so don't give him loan. If you do, don't call me when he defaults"

Ask yourself why you gave than access to your contact, when they requested for it.

airsaylongcome:
I understand that they have Ts and Cs. But imagine I have a business number stored on my phone for an enquiry I want to make from that business. The business doesn't know me and they get an SMS that some unknown person is blah blah blah...now imagine if several people have that same business number. Soko Loan and the likes will bombard that number with SMS messages of no value to them

The more reason you should honor your agreement and don't default, once you default you are no longer at vantage point to say what they should do or not do. You can't have my money and still call the shots... What most Nigerians have turned to, they owe you and still shout at you if you call to remind them, soko will remind you, warn you, then boom message your contacts...

drsibz66:
Oga or.madam... please dont tell us a debtor is a fraudster or thief . Dont equate them they are not the same. Its a loan and its carries some amount of risk.
It very stupid and unprofessional for you to call a debtor a fraudster and start sending messages to his or her contact. Do you know that bank loans are also defaulted but have you even seen on newspaper , tv or internet that mr A is owing a bank and as such he is now a thief.
Before you give out loans you much insure them because people will always defualt. Its a constant. Unforseen circumstances will happen, the loanee can even die.

Defaulting is no longer a crime, meaning I can borrow someone's life savings, sign contracts/agreements spend lavishly on beer and women travel round the world like hush, then comeback to a retiree and tell him I can't pay hope he insured... I swear u are mad.

Banks will take over your biz, properties and anything they can lay their hands on after disgracing your future.

Banks will not give you loan if you can't meet up, this soko loan took the loan from banks with all they had so you can get it without the hassle, only for you to buy your babe we a another guy de gbansh cream, then turn to soko say hope una insure the loan, my guy u are raving mad.

All the people shouting credit bureau loan recovery process etc when you where granting them access to contact your contacts, did you tell them to also contact credit bureau if you default

I saw a guy owing paylater #100,000 over 1yr. Same guy owing another app #20,000 over 3 months +.

You forget that on the other end of the loan, a young guy hustling to feed himself and family is your account officer, his job is under threat because of whatever reason you have for not paying, sometimes they deducts their salary for your negligence, sometimes they get fired, later you say that company hire and fire, its cos of defaulters.

Nitda is wrong on this, Soko takes loan from people(investors) and banks in millions with heavy collateral, they break it down and give people without collateral, they gave the terms of the loan, you accept, they credit you, once you fail to honor the agreement, they have the right to enforce what you agreed in the terms. If you contact your account officer at soko loan before time, they will restructure the loan and give you more time, however if you fail to contact, acknowledge the reminders then they go ahead to your contacts. Its not their fault, they have loans and obligations to meet as well. Its not their fault that you are unfortunate not to honor what you agreed, if you had refused any of the terms during registration process, you will not get the loan, you checked agreed on all the box and still defaulted and don't want anyone to know you are owing, its just like someone defrauding a bank, when u are caught you now say nobody should know because they were not there when you defrauded them, my guy u n huspuppy have things in common.

Guys wea invest 1.8m-2.5m on clean corollas for uber/bolt makes roughly 10k per day and make it for roughly 20-25 days...

Newboss:
Look for that thing they said they don't like and start doing it.

The relationship will die naturally.

For me, when I'm done with a girl, I will text her very early in the morning, every day, and tell her "Come over this morning, before 12, let's fûck". If she no come before 12, I go shout for am and give some punishment. That's disgusting, I know. If her eyes doesn't clear after some days, I would start to cûm inside her mouth. Then move to fûcking her in the ass for days. No money involved.

Na she go tire, then quit the relationship. Then I go call her for days telling her that she disappointed me. That would make her feel like she won. If she comes back, I go continue the whole shît show until she quit again.

If a girl you don't like call you at night to tell you that she miss you, tell her "come over tomorrow morning before 10 let's fûck". Ask her to skip whatever plans she have for that time. Make it look like you are desperate. Girls get turned off by desperation.

U are just mad, A babe with a wide puns and dead brain with absolutely nothing doing except u as her escape from proverty will avail u everything u need, if u want fuk from dusk 2 dawn drink n cum anywhere, d next thing u will hear is I'm pregnant, at this point is she getting in closer or getting out, if u are mad enough with your I don't care attitude and its not my pregnancy, she will vomit a carbon copy of you, even your mama that has being siding u on seeing d baby will just keep quiet. Baby mama don show, quarter to enter... My brother use your head...

This woman sabi marketing strategy, put PERE there and see how people shun your biz....

Go into commodity trading, supply to agro allied companies and companies needing raw commodities.
With 6m, you can carry out at least 2 supplies in a month and earn roughly 600-1M monthly... You

Go into commodity business, less stress, let me drop a quick summary from 2015 till date when I started.
2015 (Nov/Dec): bought beans 11k+ per bag. Sold it in 2016 peak season at 18k+ per bag.

2016 (Nov/Dec): bought beans 14k+ per bag. Sold it in 2017 peak season at 22k+ per bag.

2017(Nov/Dec): bought beans 20k+ per bag. Sold it in 2018 peak season at 33k+ per bag.

2018(Nov/Dev): bought beans 25k+ per bag. Sold it i n 2019 peak season at 18k+ per bag. (d loss was due to boarder closure by customs, beans could not go out, so it was plenty in d market)

2019 I did not buy cos boarder was still closed.

2020(Nov/Dec) took risk n bought. 20k+ per bag. I'm yet to sell but beans in the market is currently going for 70k+ per bag... I will sell this month when demand for planting starts. Hopefully it will hit 80k+.

2021(Nov/Dec) is yet to come, prices will fall after harvest slightly, however due to security issues in the country, there is the forecast prices will cut the ceiling next year... For those with unused cash, let's do biz... If you have garages or unused space in your houses, we will treat it, load and pack it for you. We will also come from time to time to check if its needs treatment. I charge percentage of profit. DM is open.

IjawAboki007:
Can I buy like two cars and give to bolt to use and give me returns?

Let's talk, if I fit get your car, I stay in abuja, I have drivers licence, driven for over 5yrs...

NaijaCuzin:
Exactly how did they get that figure?

I am sure it not upto that

Even World cup cannot boast of 4 billion viewers

have you heard of digital network, gotv n dstv can tell you the number of people watching each channel at every particular time including how often or number of times you change within channels,, it'd called digital footprint or data base... Try to learn or watch data base analysis or artificial intelligence or machine to machine communication etc they are very interesting stuffs....

Buy two Toyota corolla, give it for uber, they pay you 60-80k each monthly, all baba needs is to sot relax and enjoy dividends of old age, in 2-3 yes time, with good savings, sell the two cars and add money buy another two and keep flexing baba...

slawormiir:
Damnnn niggar


Typical of a real niggarrr


And some grown asss moda fuckkers will be behaving like cowards....scared of approaching a woman.. .

Walk up to a girl...if she is playing hard to get or wanna give you tough time. Then you bounce and move to next girl........real niggarz don't have time to be persuasive......

Bounce ko Bomb ni.... I pity my friends sometimes when girls bounce them, they swallow the bounce and move, that's because the approach every tom n harry... I seldom collect numbers but when I do, baba I have tailed a babe for over a year until I tasted the loose puna... Till today, No girl born of a woman I set to konka has turned me down or bounced me... Its a record I'm about to hand... And to my fellow guys who do t take for an answer, I hail you all...

This write up has a lot of hidden fact in it, if your brother signs an agreement with a company, let him fufil it, if he is not certified, let him follow the established channel of resolution, or resign properly, no company can take you to court if you resigned properly, your brother might have absconded with company properties, documents, accesses, and information thereby creating grounds for taking him to court. Your brother cannot claim the company were not fulfilling their own bargain then he abscond, he needs to document and do the right thing...

Guys How prepared are we, Though some have the NIN number, however they want to test the waters.

On my way from work yesterday I saw it along Airport junction Abuja yesterday

The woman is lucky the guy did not drive the money and car away...

In my office, we are up to 120, open office space, the work load is much, everyone complains however some eye service staffs, notice me staffs, I'm hard working staff, i can do exceedingly anything staff, i need promotion staff will work out their life to deliver or meet target, on a job that has no security, fire here and there, how do you tell the BOSS (HR) that work is too much when some are exceeding target.

Mine was due to too much sex, it got to a point I was always having catarrh cos I could not go two weeks without sex... I discovered anytime I go for a month, the catarrh goes so I had to ratio my sex life... If you fall in this category of too much sex, then reduce it and observe the catarrh...

Ison Bpo, u will multi task non stop for 7-8 hour, u will keep talking continuously non stop, staring at a system nonstop and operating a system while chasing time with 90-100% utility... U could b sacked any time, u always go home tired and weak, u don't have a Saturday or a Sunday tho u have 2 random days a week... I left he job, regained my sanity, work less now earn more and living a far better life...

Kandeed:
Almost 8months after the #Endsars protest, lemme tell you what has changed. SARS ended and do you know ever since then till now there have not been any news hitting FP of police killing the Nigerian Youth or illegal arrest with impunity cuz Guys dress nice and uses an IPhone?? well if I'm wrong dig out the thread and correct me. why I'm telling y'all this is not to believe anyone who tells you Endsars protest achieved nothing.

Moreso, Do you know either you come out to protest or not Hunger is coming to hit us all next year due to food crisis cuz why? our farmers can't really go to farms without getting hacked to death. Just Incase you feel ur rich and it doesn't concern you, next year you'll pay X5 to buy food. Now how bout those who can't afford to buy food, what would be their fate? About last year a crate of egg sells for #900 today it's being sold for #1500 cuz farmers are closing farms, bad government policy. don't say Egg is of less concern. It applies to many Agricultural product. My people Garri don dey nak 1k. it's gradually becoming the food of the rich in this same Nigeria.

Do you know this problem keep getting worse cuz you n I is scared n fearful to talk? do you know its also our right to hit the street and demand for a better governance?? If this June 12th protest was only a Lagos thing we might say it's not a serious one yet, but as at now over 20states has given locations. Nigerians in UK, US, Germany, France, Brazil, Canada has also given locations. Do you want to be left behind?? Just Incase you forget, if you are to big or scared to come out and protest then feel to Big to complain or criticize when the hardship n oppression gets tougher

#Join the moving train
#Come out #June 12th and tell Buhari #We are tired
#You and I can bring bout a change if we refuse to be cowards, fearful and docile
#Come out #June 12th and protest, You and I deserve better #We are not Animals

A bag of beans is already selling for 72,000 in the south south part of Nigeria, this is something I sold for between 13,000-17,000 around 2015, last year DEC during harvest, it sold for 30,000 but now over 70,000. By next year, it will most likely hit 150,000... We go chop ourselves for this country...

Most ladies in this category end in it due to condition, not all tho but most...

A babe lost her job, out of rent and decide to continue this hustle, when the going gets tough, the tough gets going... Move in.

Sometime ago, a babe came to me saying she needs to find job, she can't stay at home and go to farm, her back is aching this and that, okay so what's up... Considering she had stayed in my place some days before, no babe just me, she felt its time to move in to help her hustle, few days down she says no money to go job hunting, no money to start a biz, Babe where u wan see money, me no get shingba o... She relax de chop free food de watch zee world, 1 week turn 2 come turn 3 finally 1 month... I was now spending more than 3 times my normal expenses in a month... This is where I came to realise this is what gradually turns to abuja marriage, over two months of cohabiting, I pity the babe cos from home, call comes mummy is sick, no food, nepa cut light, bla bla bla... Babe wea nor de work, hustling to feed under a guy helping... After 2 month plus she said she was going to Lagos to learn catering, gave her some cash she packed out... Its really not the girls fault all the time... Life no balance as wear...

A secondary school girl got a menial job in a construction company... Her job, seat by the gate and count/record the numbers of sand each trailer takes out, Salary 25k per month... when the babe open eye, she took home over 100k home everyday, she even forgot she waned to continue her schooling.

Even if you get kicked out, you still remain the founder of the company occupying a non functional or ceremonial post, but kicked out of decision making, this is because u sold out majority shares to investors who want their money to grow by all means not minding u are at the helms or not...

My cousin knells down to greet me and acts all happy n jovial, I have assisted her severally, a friend of her visited me and placed a call to her, after d gist, her friend asked my cousin, how far about ur brother... Omo what my cousin said about me shocked me myself, this is someone I spent over #250k on d month b4. I now know no matter what u do for humans, u are just doing it, they will snitch on u at the slightest opportunity... I will shock her life the next time we meet, she will start her good evening bro *** acting jovial all over, but I will henceforth snub her and she will never get a kobo from me... If she n her family die, I care less... In 10yrs God sparing our life's I will yell her, her offence...