₦airaland Forum

[youtube]
https://www.youtube.com/watch?v=3Ls4yW3rYkM[/youtube]

The Central Bank of Nigeria (CBN) has instructed banks to impose restrictions on specific banking services for large-exposure borrowers whose loans have become non-performing. The move is part of broader efforts to protect the stability of the financial system and reinforce responsible credit behavior.
The directive was communicated in a circular dated March 12, 2026, addressed to all deposit money banks and signed by Olubukola Akinwunmi, Director of Banking Supervision.
According to the apex bank, borrowers whose credit facilities have been classified as non-performing and recorded in the Credit Risk Management System (CRMS) or in any licensed private credit bureau database will no longer qualify for additional credit facilities from financial institutions.

[youtube]

https://www.youtube.com/watch?v=JIejHekDg70[/youtube]

Many Nigerians are still paying loan apps that are no longer registered with the FCCPC, and some of these apps have even changed their names to avoid regulation and accountability.

In this video, we expose how unregistered loan apps operate, why their FCCPC approval matters, and what borrowers need to know to protect themselves from harassment, illegal charges, and intimidation.

Before you make another payment, watch this video and know your rights.
Not every loan app is legal. Not every demand is enforceable.

Source: https://loansharkreview.com/DiscussionDetails/Most-of-the-loan-apps-you-are-owing-are-no-longer-registered-with-the-FCCPC-and-many-have-changed-their-names-1769080956

You can't afford to miss this episode

[youtube]
https://www.youtube.com/watch?v=cEP8eeXCC48&list=PLk5fwm1LA8VWBVYy64rvUa491uz5em0_e&index=1[/youtube]

Watch the full gist here
https://www.youtube.com/watch?v=cEP8eeXCC48&list=PLk5fwm1LA8VWBVYy64rvUa491uz5em0_e&index=1

[youtube]

https://www.youtube.com/watch?v=hLBRxqyGvM4[/youtube]

Even influencers are borrowing from loan apps
Don't Kpaii yourself because of Loan Apps, hear the truth from an
ex-agent explaining the absolute truth.

[youtube]
https://www.youtube.com/watch?v=i_r967cqVs4[/youtube]

Hear the absolute truth about loan apps from a repentant and ex–loan app agent.

If you are still paying loan apps,
you definitely need deliverance.
#StopPayingLoanApps

[youtube]
https://www.youtube.com/watch?v=dOTCmp4X3gQ[/youtube]

barnas1:
Thanks for this information, pls can the video be push to Facebook,instagram and other social media. Let make it to the front page.

Thank you so much boss. we are winning the war against criminal loan apps already.

Millions of Nigerians are trapped in massive debt through loan apps like Okash and Easemoni on the OPay app. In this video, we break down how these apps work, why so many people fall into their debt trap, and what you can do to protect yourself.

[youtube]
https://www.youtube.com/watch?v=Tr8R6fSDKV0[/youtube]

[youtube]

https://www.youtube.com/watch?v=ABPtT_sPaEw[/youtube]

Legality of the Agreement
Under Nigerian Civil Law, particularly in the context of money lending and microfinance banking, a contract may be considered invalid, unenforceable, or void in the following situations:


1. Illegal or Unlicensed Money Lender
According to the Money Lenders Act, any money lender operating without a valid license from the relevant state authorities or the Central Bank of Nigeria (CBN) is illegal, making contracts with them unenforceable

2. Unconscionable or Exploitative Terms
Contracts with excessive interest rates or hidden fees may be deemed unconscionable and unenforceable under consumer protection laws.
The Central Bank of Nigeria (CBN) caps interest rates for microfinance banks and regulates fair lending practices.

3. Fraud, Misrepresentation, or Coercion
A contract is voidable if the lender used deception, misleading statements, or threats to force a borrower into signing.
Section 19 of the Money Lenders Act states that fraudulent or deceptive lending practices can make a loan agreement unenforceable.

4. Breach of Privacy & Harassment by Loan Apps
Loan apps that invade borrowers’ privacy by sending defamatory messages to contacts violate the Nigerian Data Protection Regulation (NDPR).
FCCPC has declared harassment by loan apps as illegal, and contracts based on such practices can be challenged as invalid.

5. Absence of a Proper Written Agreement
Under the Money Lenders Act, any loan exceeding ₦20,000 (varies by state) must have a written agreement signed by both parties.
If there is no signed agreement, the lender may not be able to enforce repayment legally.


6. Violation of Loan Tenure & Repayment Rules
CBN guidelines on microfinance lending specify minimum and maximum repayment tenures.
A contract that violates these guidelines may be challenged.

7. Duress or Undue Influence
If a borrower is forced to sign under threats, blackmail, or undue influence, the contract is invalid under Section 20 of the Contract Law of Nigeria.


8. Lending to a Minor
A loan contract with anyone under 18 years old is automatically void under the Nigerian Contract Law.

Blankstare:
It is still not right to milk the populace because of their economy frustration

Please watch the video again and read the guys comment stating "Is not possible for Fairmoney to charge such interest", we have started a movement against those criminals who want to milk Nigerians

adamkkk:
not possible


stop using sensational headlines to mislead people.

I don't blame you, It's evident you cannot discern what is possible and what is not. If you need 100 agreements between Fairmoney and Customers, I'll send them to you.

Rexymania:
Omo which kind thing be this

I think CBN be our problem. They have an Idea of what is going on

Princewill1:
Let them lend only to people with verifiable employment.

Thier jobs will act as collateral though customers will be less but It will ensure that the money lent will be recovered instead of them running a corporate business like motor park touts.

Exactly! what they are doing is outrightly against CBN Policy

Esthered:
It's a high risk high reward basis.
The risk of default is very high as there's no collateral backing the loan hence the high interest rate.
I agree it's outrageous but how can the company hedge the risk of default for a loan that has no collateral which give s them comfort.

I understand your point, but it is not correct in accordance with CBN policy. CBN did not give any special edge to unsecured loans; it is the responsibility of microfinance institutions to do that. CBN policy applies to both secured and unsecured loans. They are using this opportunity to commit crimes, which is outrightly against CBN’s fair lending guidelines.

lekkie073:
You are not forced to collect it. So why the cry cry?

A typical Black man with a self mentality who is not interested in nation building
is not your fault; I blame the government that did not integrate Civic education in our curriculum. more reason you don't know that Finance controls 60% of GDP and nation building.

Go and study more about nation-building, Laws, and Policy governing the nation

ChristCee:
CBN is the real criminal here. If you, as a regulatory body, enables or create the environment that enables fraud and daylight robbery such as this one, then you are the big criminal. I bet the top goons at CBN will always get some kickbacks from these loan apps, it explains why they've become so incompetent at their job. CRIMINALS!

You are 100% right boss, they are indeed criminals. Until we start calling them out nothing can happen

May CBN not happen to us. The issue we have is that even the so-called microfinance banks, which are supposed to set standards for other money lenders, have started charging very high interest, up to 248% per annum. Our solution is to overhaul the policy.
[youtube]
https://www.youtube.com/watch?v=cj5b71G_LKU[/youtube]

Good News!!!
You can now report Loan Apps to the
Nigeria Police Force National Cybercrime Center

Report here: https://nccc.npf.gov.ng

[youtube]
https://www.youtube.com/watch?v=Nj1VPsXape8[/youtube]

Please protect yourself, bad boys are not smiling


https://www.youtube.com/watch?v=UsHj_W2U9EA

Please protect yourself, scammers are coming up with new techniques

[youtube=
https://www.youtube.com/watch?v=xybtFRos9Rk] [/youtube]

For those of you who have made your BVN public use,
Know this: You are just one step away from jail.

Yes, your BVN can send you to jail. You heard me right. Your BVN, Ghana Card, or any national ID number can land you behind bars.

Stop sharing your BVN on any websites or mobile apps. Stop borrowing from loan apps. I know some people will not listen; they will still go back to their vomit because they have holes in their ears, and some people have flying demons who are plunking wisdom from them.




https://www.youtube.com/watch?v=ijq5TgJXrQE

Bro go do your research and learn from those who program. or at least ask ChatGPT. I'm talking from 12 years of experience as a software developer who has developed both fintech applications and Loan Apps backend and mobile app.

HeatSeeker:
Ehn! I seriously doubt this.

Worried that using loan appsmay prevent you from getting a US/UK/Schengen visa? Let’s DEBUNK this myth right now!

✅ Fact: Loan apps DO NOT directly block you from getting a visa—but there’s a catch!

📌 In this video, I’ll explain:
✔️ How visa approvals REALLY work (Hint: It’s not about loan apps!)
✔️ When your loan history might affect your visa application (Rare cases!)
✔️ What embassies ACTUALLY check (Bank statements vs. credit reports)
✔️ How to avoid visa denials (Even if you’ve used loan apps!)

[youtube=
https://www.youtube.com/watch?v=8IsCHTZTsrY][/url]


Join our Facebook Group to learn from 60k+ members how to be free.
https://www./1114997852673140

onfused about credit reports and credit scores? You’re not alone! In this video, I break down everything you need to know—from how credit works to boosting your score FAST. Whether you’re starting from scratch or fixing mistakes, these tips will save you thousands!

🔍 Covered Topics:
✅ The Credit Report – Your Financial Diary (What’s REALLY in it?)
✅ The Credit Score – Your Financial GPA (Why it matters)
✅ Credit Score Breakdown (What makes up your score?)
✅ What If I Have NO Credit? (How to build from $0)
✅ How Credit Reports & Scores Work Together
✅ How to Build Good Credit (Pro tips banks don’t tell you!)

[youtube]
https://www.youtube.com/watch?v=ZCn2moIICHI[/youtube]

Source: https://www.youtube.com/watch?v=ZCn2moIICHI

HeatSeeker:
No be so o! If you read the terms and conditions (which many people won't read), You basically grant them permission to access private details on your phone and even sue you for defaults.

Bro, that's not how it works, Terms & Conditions is basically mere text and it has nothing to do with App. It is only applicable in the court room nothing else. Permission is the prompt your android will show you and you accept or decline.

The one you mention is mere text, and it has zero consequences

No loan apps downloaded from the Play Store can access your contacts — don’t be deceived!

Google is adding more restrictions to all Loan apps globally

Thanks to Google’s new policies, you can now have peace of mind knowing that loan apps on the Play Store cannot defame you or misuse your data.

Starting April 30, 2025, any loan app that fails to comply with these rules will be removed from the Play Store by May 28, 2025.

Now, let me explain each permission and how it works.


[url=
https://www.youtube.com/watch?v=zgIVvAn1Qvc][/url]


Learn from over 100k people how to be free from Loan Apps
Facebook Group: https://www./1114997852673140
TikTok: https://www.tiktok.com/@loansharkreview
Website: https://loansharkreview.com

Are loan apps suffocating you? You're not alone! Millions are trapped in endless debt cycles—but freedom is possible! In this video, I reveal how to STOP paying, fight back against bullying, and regain your peace of mind.

https://www.youtube.com/watch?v=Hohb75sAU-E


Learn from over 100k people how to be free from Loan Apps
Website: https://loansharkreview.com

The rise of content creation has provided people with multiple platforms to share their ideas, experiences, and knowledge. Blogging and vlogging are two of the most popular forms of content creation today. While they may seem similar, they have distinct differences in terms of content delivery, setup, and earning potential. In this post, we’ll break down the differences between blogs and vlogs, discuss the pros and cons of each, and help you determine which is easier to start and start earning from.

What is a Blog?
A blog is a website or web page where individuals or businesses share written content, known as blog posts. These posts often include images, infographics, and embedded videos but are primarily text-based. Blogs are ideal for readers looking for detailed information on specific topics, tutorials, guides, or personal insights.


Which is Easier to Start and Earn From?
Blogging: Easier to start due to lower costs and time flexibility, but it can take longer to gain an audience and start earning consistently.

Vlogging: More engaging and quicker to monetize once you meet platform requirements, but it requires more upfront investment in equipment and editing skills.


Step-by-Step Guide to Starting a Blog
1. Choose Your Niche: Pick a topic you’re passionate about and knowledgeable in.
2. Select a Domain Name: Choose a unique and memorable name for your blog.
3. Set Up Hosting and CMS: Purchase a hosting plan and install WordPress or another CMS.
4. Create Content: Start writing blog posts that solve problems for your audience.
5. Monetize: Apply for ad networks, join affiliate programs, or offer digital products/services.

Step-by-Step Guide to Starting a Vlog
1. Choose Your Niche: Decide on the type of content you’ll focus on.
2. Get Equipment: Invest in a camera, microphone, lighting, and editing software.
3. Create Your YouTube Channel: Customize your channel to reflect your brand.
4. Create and Edit Videos: Start recording and editing videos that engage your audience.
5. Monetize: Enable ads on YouTube, seek sponsorship deals, or use affiliate marketing.

Source: https://loansharkreview.com/Insightdetails/Difference-Between-Blog-and-Vlog-Which-is-Easier-to-Start-and-Earn-From-

SilentEmma:
What happens after they tarbish the image ...

Nothing simply generate your own disclaimer and send it to your contacts. when next they call tell them to go and collect the money from your contacts

https://www.youtube.com/watch?v=b6OQQWTcRIU


Why You Must Stop Borrowing
30-Day Loan Apps
At 40% per month, if you borrow ₦100,000, at the end of one year, you will have paid 480% in interest.
Example: If you borrow ₦100,000 per month, by the end of one year, you will have paid ₦480,000 in interest.
7-Day Loan Apps
At 40% per week, if you borrow ₦100,000, at the end of one year, you will have paid 1,920% in interest.
Example: If you borrow ₦100,000 per month, by the end of one year, you will have paid ₦1,920,000 in interest. If you stop paying, they will tarnish your image.
Can you see why the poor remain poor? The financially illiterate among us will say, "After all, Nigeria owes trillions of dollars," but they forget that the interest rate is less than 5% per year, and bank loans have interest rates of less than 15% per year. No one can ever succeed in borrowing from loan apps, The business is set up to exploit and ruin your finances. If you like, continue to borrow