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Nairaland Forum / Nairaland / General / Business / Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion (38105 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 Nobody: 4:24pm On Aug 19, 2021 |
Oyerinde16:but that's the law you have to obey it, otherwise be ready to pay fines from time to time, or you can change line of business. And by the way on can't spend spent 3months without banking so you will surely get your money with even accumulated interest. Those companies are coming to Nigeria to do what they can not do in Europe 5 Likes 1 Share |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 4:26pm On Aug 19, 2021 |
jackslow: I understand your point, and it cos we are in a country like 9ja, if not, how did soko register and start operations in Nigeria with such terms and conditions, who vetted them and others, they work with the banks. My point is the terms have being drafted, once Mr A appends and authorize, this indemnify Mr B (soko n co) so if Mr A now defaults, he should be responsible enough for what is to come, and not still want to crusify Mr B after he was the one that defaulted. That my point... I don't work for soko n co... 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by authority2006(m): 4:27pm On Aug 19, 2021 |
Oyerinde16: Lol. You are so sure that he would go and bail him at the police station or start looking for hospital bill settlement. It doesn't work like that 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Hassanmaye(m): 4:27pm On Aug 19, 2021 |
Beancounter94:With zero contact how? They have there bank details they can trace them, except if there is another by pass I don't know |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Hassanmaye(m): 4:31pm On Aug 19, 2021 |
Beancounter94:But some people collect the loan and still don't pay and never get caught I wonder how they do it |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Hassanmaye(m): 4:31pm On Aug 19, 2021 |
PurestBoy:Just imagine |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Olarewaju89: 4:33pm On Aug 19, 2021 |
alarm4: Fairmoney is very good as well. 2 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Hassanmaye(m): 4:33pm On Aug 19, 2021 |
SenecaTheYonger: |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 4:33pm On Aug 19, 2021 |
jackslow: My bro, Nigerians have mastered the art of never using the account they used to borrow again, I know the workings cos I work in communication sector, apps may have your bvn, and card details, they can only withdraw money from the account they have your card details and can never withdraw from other account, for a fact, if you input a card details today, borrow #10m go to the bank and change the card, the app company can no longer remove money from that account. Criminals have mastered this and so app companies are trying to Match up by upping their chase as well. They know most people hate embarrassment, so they explore it not minding who's ox is gored. 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 4:36pm On Aug 19, 2021 |
authority2006: Pretty sure he will help him out, just don't know why he decide to select which one to help. |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Oyerinde16(m): 4:38pm On Aug 19, 2021 |
Hassanmaye: I know the workings cos I work in communication sector, apps may have your bvn, and card details, they can only withdraw money from the account they have your card details and can never withdraw from other account, for a fact, if you input a card details today, borrow #10m go to the bank and change the card, the app company can no longer remove money from that account. Criminals have mastered this Guys no de sleep for night o... 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by RealityKings: 4:42pm On Aug 19, 2021 |
wunmi590:Debtors will get nothing |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by RealityKings: 4:42pm On Aug 19, 2021 |
KingTom: |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by RealityKings: 4:43pm On Aug 19, 2021 |
Hassanmaye:They have their account number 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Zxcvbnm98: 4:51pm On Aug 19, 2021 |
Joysticks:Never used the app before. But I believe that in Nigerian law, if a contract includes something illegal then it's null and void. Defamation- slander, libel, etc- is illegal. Yes, the onigbese should pay their loan, lol. But not through false accusations. The things I've heard that company do to people are inhumane. |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by WowSweetGuy(m): 4:53pm On Aug 19, 2021 |
Oyerinde16:even on the same card u can go d d bank app and block all web transactions leaving only atm/pos on and still use ur card |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by xpool(m): 4:54pm On Aug 19, 2021 |
Oyerinde16:You dont know the law at all! This penalty against your slave master - SOKO LOAN speaks volume of your "repercussions" You steal peoples money, even when they have paid, yet you don't return their money - "repercussions" indeed. Waite my dear, you go see litigations soon, and soko loan and their likes will deny you and all their staff. Then the court will explain to you the true meaning of repercussion. Better start looking for a real job or did you go to school to be a thug? 4 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Josh5830(m): 5:01pm On Aug 19, 2021 |
I have read a whole lots of messages, some people have sense while some are just daft. 1. All these loans App, there's no place in there T&C where they said they will defame you if you don't pay back. They will only tell you that they need access to your contacts so it can be easy for you to input them. 2. Exploiting an average Nigerian because the country is bad is wickedness. How can you give someone a loan of 5k to pay back 7-8k in 7days? Even Banks don't charge that. If this is not witch craft; then I don't know what it is. 3. Invading someone's privacy by sending defamatory messages to the person's contact over failure of loan repayment is a punishable offense. They know that an average Nigerian who borrows 5k can't access a lawyer. So bad! 4. Let all these people who are victims of this harrasment, gather together and Sue them. They will pay for damages in millions. Disclaimer: when you borrow, try as much as possible to pay back the debt. 2 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by true2god: 5:02pm On Aug 19, 2021 |
xpool:The Oyerinde guy would have done better as an NURTW member working for McOluomo. A tout will always be a tout, educated or not. 5 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by WowSweetGuy(m): 5:03pm On Aug 19, 2021 |
xpool:when some of their staffs start getting traced and shot or killed going back home then they will know that job is risky when niggas start taking them personal. Chinese don't do this in china but come to nigeria and do as they wish 3 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Bngf: 5:04pm On Aug 19, 2021 |
Really |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Nobody: 5:05pm On Aug 19, 2021 |
Oyerinde16:no it's not about debit deduction issues, they should go through the right procedures since the laws are there, court will direct banks to debit those accounts when ever money comes in, it doesn't have to be the bank account you used to receive the money provided your BVN is linked to it then every thing is done.may be some of those companies are not registered or they're not paying task, or there is just something that is making them to avoid court or loan recovery procedures, most of them don't have a physical address 4 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Toktee(m): 5:05pm On Aug 19, 2021 |
KazikageSama:Dear 9credit the loan i took from you years ago i have paid up since i cannot remember... yet you have not deleted my contacts and other details... This is a warning for what we have done to sokoto loan may befall you if you do not desist from using my number to lure me to come take another loan. Be warned. 2 Likes |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by rosalieene(f): 5:09pm On Aug 19, 2021 |
Lol, hahaha sheybi Sokoloan is a chinese company? Any idea? They will not pay any fine if they're chinese, they will carry their money and leave this country. Loan borrowers will switch to other loan companies. Iz like that's the business that is booming in this country. So many loan companies are springing up daily. This people are taking advantage of the bad economic situation in Nigeria. Loan borrowers and borrowees will be fine las las. 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Nobody: 5:16pm On Aug 19, 2021 |
adelaja70: That means I can take a loan from you and refuse to pay it back. Thanks also for implying I have no brain. That's very well behaved of you. It does cost you nothing to be not abusive Good even |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Nobody: 5:17pm On Aug 19, 2021 |
Heterodox: Check the faq section on your loan app for more details Let's not pretend it does not exist |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by xpool(m): 5:22pm On Aug 19, 2021 |
true2god: Honestly |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by emmadothings(m): 5:45pm On Aug 19, 2021 |
Stupid set of people |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by depure(m): 5:48pm On Aug 19, 2021 |
I don't support this in any way the borrower consented to the terms and conditions... They should challenge it in Court abeg which kind of nonsense judgement be that....Nigerian we like free money.. |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by smokeyupu(m): 5:49pm On Aug 19, 2021 |
Ekakamba: Guy no try them or their sister companies. They'll give you loan to collect 25-40% interest in a week. Early morning on dday they'll start sending defamatory messages plus threatening phone calls to your contacts. No apologies!! Even after you've paid up... 1 Like |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Nobody: 5:55pm On Aug 19, 2021 |
depure:there are laws for everything, we just want a law abiding society, the federal government has laid down rules for loan recovery the companies should follow these rules, instead of going to do anything they wish, I'm telling you some guys can not do this outside Africa, they can not even give you loan to repay in 7days outside Africa. Check play store they don't allow apps that give loans of less than 30days but I don't know how those companies are making their ways or may be the end users in this part of the world doee not report to play store |
Re: Soko Loan Fined ₦10 Million By NITDA For Privacy Invasion by Nobody: 5:56pm On Aug 19, 2021 |
smokeyupu:is beacuse they're not regulated, no government body is following them |
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