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Nairaland Forum / Nairaland / General / Business / Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion (38103 Views)
Data Protection Bureau Fines Soko Loans ₦50 Million For Data Breach / Soko Loan Has Finally Defamed Me (pictures) / Sokoloan Set To Shutdown, After Paying ₦10 Million NITDA Fine (2) (3) (4)
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Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by AuroraB(f): 2:01pm On Aug 19, 2021 |
Beancounter94:If you weren't given the opportunity to explain why you were unable to meet up with repayment, wouldn't you have been tagged a criminal just as the person you are running down 4 Likes 1 Share |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Deicide: 2:02pm On Aug 19, 2021 |
I don't support this! Nigerians are very stubborn and always like to play smart. I support soko loan. 1 Like 1 Share |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by yusluvad(m): 2:02pm On Aug 19, 2021 |
Taliban indeed. Lol... ttobizz: |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by alarm4: 2:04pm On Aug 19, 2021 |
9credit and Ncash laon App company you all are next in line to be sued,,since I have made all repayment and yet u refuse to refixed sms defamation ....una go hear am ...cos I have sent a query concern to NITDA 6 Likes 1 Share |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by danniyal(m): 2:05pm On Aug 19, 2021 |
Deicide:What do you know about Nigerians? Just thank God for your condition 2 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by pek(m): 2:06pm On Aug 19, 2021 |
hakeemhakeem: |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by airsaylongcome: 2:06pm On Aug 19, 2021 |
Joysticks: 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 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by drsibz66(m): 2:06pm On Aug 19, 2021 |
Oyerinde16: 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. 7 Likes 2 Shares |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Deicide: 2:11pm On Aug 19, 2021 |
danniyal:They are the reason we was blocked from Paypal because of scammers, they are the reason I can't spend more than 100$ internationally monthly. They are the reason why I have lost and find it hard to receive payment for remote jobs. All in the name of playing smart and tricking people. Rubbish |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by pek(m): 2:13pm On Aug 19, 2021 |
Some idiots here are defending and excusing sokoloan. You are talking of T&C. Nowhere is it stated that they will message your contacts and tag you a criminal. Nobody or institution has the right to call someone a criminal. It is only the law court. To message a defaulter's contacts and call him a criminal on the run is a big low. As I said before, it is only a fool that will still go ahead and pay after such message have been sent. 8 Likes 2 Shares |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by powerblaze(m): 2:14pm On Aug 19, 2021 |
Simeonjoe1: Is it written in their terms and conditions that they have the Right to share customer personal data or directly invade customer privacy by Sharing info to their contacts? Agreeing to terms doesn't mean they can invade your privacy and get away with it. That's why big tech firms like Facebook can be sued for privacy invasion despite agreeing to terms and conditions 8 Likes 1 Share |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 2:15pm On Aug 19, 2021 |
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. 2 Likes 1 Share |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by danniyal(m): 2:15pm On Aug 19, 2021 |
Deicide: Do you know you can actually add your card and send payment on paypal but can't receive payment?. If they don't trust you enough to receive payments then why would they allow you to send? 3 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by matrixme(m): 2:16pm On Aug 19, 2021 |
That some Nigerians are actually making a case for these useless loan shark shows how insensitive some people are. If not for Buhari that has made everything so hard, why would anyone even consider taking their short term, high interest loan? And while you will still have to pay default fees, your integrity is forever dented by blackmailing your contacts. I believe Ncash should also be fined and some other ones in these category. Everyone that has ever been embarrassed need to make it a point of duty to report the particular loan apps to NITDA. After all, not all of us are politicians who has some unrestricted wads of cash to throw around and yo think that you didn't even steal but chose to borrow... 5 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by precioussamuel: 2:21pm On Aug 19, 2021 |
precioussamuel: |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Deicide: 2:21pm On Aug 19, 2021 |
danniyal:Because they trust the citizens of the other countries I am sending money to. |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by precioussamuel: 2:23pm On Aug 19, 2021 |
Yewandequeen: |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 2:25pm On Aug 19, 2021 |
drsibz66: 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. 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by jospepper(m): 2:26pm On Aug 19, 2021 |
Simeonjoe1:I am not supporting those who borrow with the intention of not paying Those who borrow and purposely refuse to pay should also stop that But when you batter someone's image because of a loan of #3000, when they later pay what happens to the image you have destroyed? What steps do you take to remedy that? There should be a better humane way of retrieving your funds too knowing that some people may default for genuine reasons. 4 Likes 1 Share |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by service44: 2:27pm On Aug 19, 2021 |
GOODNEWS, ONE DOWN, MORE TO GO, SOKO LOAN, AND NEW PAGE COMPANY(newcredit, xcroscredi, palmcredit) these APPS are wicked, devilish and demonic, dont go close to them if you like your life, the people behind them are to despirate. |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by TheMostComplex1: 2:28pm On Aug 19, 2021 |
Some Nigerians are criminals the don't like repaying loans |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Didi2d(m): 2:29pm On Aug 19, 2021 |
That's good, these loan guys are fraud |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 2:31pm On Aug 19, 2021 |
airsaylongcome: 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... 1 Like 1 Share |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 2:39pm On Aug 19, 2021 |
kelbranty: Ask yourself why you gave than access to your contact, when they requested for it. 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by true2god: 2:40pm On Aug 19, 2021 |
Beancounter94: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. 5 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by somehow: 2:40pm On Aug 19, 2021 |
Best for them to do a collateral enabled loan option. You default, you pay 1% daily for 2 weeks, after 14 days, your collateral is sold, they remove what you owe them and return the rest. Simple. 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 2:42pm On Aug 19, 2021 |
jackslow: 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. 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by danniyal(m): 2:46pm On Aug 19, 2021 |
somehow:Thank you very much. Some people here who obviously don't understand life yet are busy supporting evil and extreme wickedness because someone people want to get rich quickly at the expense of other people's sweat |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by adelaja70(m): 2:47pm On Aug 19, 2021 |
Oyerinde16:One of their workers.. How are you today? 2 Likes 1 Share |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 2:47pm On Aug 19, 2021 |
true2god: 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... |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by starstaz(m): 2:48pm On Aug 19, 2021 |
People should clearly understand that the business climate of this country is awry and hostile to small business owners. Can any banks gives you a loan of ordinary N1000 without a collateral, so we should give this loan shark company a brake to use all resources available to them to claim their money back when their client defaulted in payment. Their ability to give ,evil loan, to dick and array is their only weapon of credibility and fame. Hence nobody should run them down by defaulting regardless of someone's circumstances of hard life. If problems surfaces that you can't meet your payment schedule, the right thing to do is to call the evil loan shark for possibility of loan rescheduling to avoid unnecessary embarrassment. They are evil but are doing magnificent jobs in providing financial cover or defence for those who need helps, emergency help at a critical time and save you embarrassment of going to your contact to explain the need why your friends and family should borrow you urgent 10k to solve personal issues. 2 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 2:50pm On Aug 19, 2021 |
adelaja70: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... 2 Likes |
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