MrFollowFollow:


Na onigbese people full dis place o!

pocohantas:


Smh…
I don’t have the right words to address this.



See the mentality of the one above. In his head, NPLs cannot ruin a financial institution. Yet someone was asking why credit cards are not being issued to Nigerians.

adelaja70:

What you should have asked instead of ranting is WHY ALWAYS SOKO LOAN?

adonainana:


Why always soko loan cos they are passionate about thier hard earned money they brought from outside Nigeria to come and invest in Nigeria

But unfortunately they are watching it go down the drain in millions, nobody dey pay back loan for this Nigeria. Do you know how many yahoo boys recruit people to download loan apps just to apply and get the money

Go and ask all the Nigerian banks the history of bad debts and go to all Nigerian courts and ask how many court cases involving Nigerians and bank loans

Someone logged out of his ZenithMobile app and he didn’t see loan option and had to log into your own app to get a loan

Why you no ask them what happened to their bank account and why can’t they apply for a loan there

Go and ask zenith bank what happened when it started easy loan option *966# last year and how millions of people started opening zenith bank account for free so they can use the code to apply for a loan and leave the account overdrawn like that without paying


Due diligence and common sense is key in doing business in Nigeria

murphyibiam15:
That's the only way they could recover their money from 95% criminally minded Nigerians who take loans with initial intent not to pay or default.

Criminal Nigerians

murphyibiam15:
That's the only way they could recover their money from 95% criminally minded Nigerians who take loans with initial intent not to pay or default.

Criminal Nigerians

danniyal:

I like your reasoning. Due diligence like proper KYC and operating under the framework of the law. Do you you know all of them are not licensed by the CBN, not active on CAC portal and hence they don't pay tax?. They want to make quick money and it's not going to work

lkillbrokehoes:
If you don't use iron hands on Nigerians, they will take you for granted.

that's why I don't blame those aggressive loan companies, why take what you can't pay back in the first place?

it's obvious Nigerians take pride in running people's business down.

sowilli:
why would a company give loan without proper documnetation. Two wrongs nevrr make a right. We always like to blame in this country without addressing the root cause. Why would a company think the best way to retrieve their money is blackmailing someone who never signed a guarantors. Do the banks do that. Come on, they got what they deserved. Thief steal am, thief collect am.

element1313:


You want to get your capital back in 100days …oboy you Dey vex ooo…the only business you can achieve your aim is bitcoins trading…that’s my business

richmondefosa:


They have a flawed business model.
Most Nigerians on their part do not like repaying debt. Selfish and wicked lots.

See many of them on this thread jubilating sokoloan is shutting down but they fail to realize that business closure such as this will result to loss of jobs and ultimately, loss of revenue for the government because a closed business will not pay tax. At the end, we need to ask ourselves salient questions.

Who is on the losing side?

We need to do better as a people.

ayo6hammiey:
One of the worst lending company in Nigeria, make them shut down. Poor customer service.

Took a loan from them sometimes last year in the morning around 8am due to an emergency, when I didn't see alert till 9:47am I called them several times to cancel the loan request all their numbers no go, so I resulted to mail them that I didnt need the loan anymore. 6:58pm their alert came in sine 8am that I requested for the emergency loan.

Bastards still insist on me paying the loan even when I sent them evidence of calling them since and the mail. Stupid Company

I immediately mailed them to clear my data off their platform that I'm done using them. Dem no hear word

danniyal:

Can you imagine? some people are still supporting this evil. It shall never be well with these Chinese people below and one Mr Kehinde Ijilade

Deadlytruth:


But then, anyone who just jumps into Bitcoin trading without any deep knowledge of RSI dynamics and the influence of North American and European economic statistics is likely to lose all his capital within just one candle stick.

Forgodsgrace:
if you know any viable business someone can invest at least 3m and make a daily profit of 30k,contact me .

akintundeforgodgrace 18 @ g mail . Com

DoggoneDogg:


The part where you assumed they are shutting down "because of just N10m fine".

If you read, you'd see the part where criminal charges have been filed against their directors for invading users privacy - this is the reason for the shut down. Not the fine.

murphyibiam15:
That's the only way they could recover their money from 95% criminally minded Nigerians who take loans with initial intent not to pay or default.

Criminal Nigerians

element1313:


I can guide you successfully

SirLakes:


You borrow money?

richmondefosa:


They have a flawed business model.
Most Nigerians on their part do not like repaying debt. Selfish and wicked lots.

See many of them on this thread jubilating sokoloan is shutting down but they fail to realize that business closure such as this will result to loss of jobs and ultimately, loss of revenue for the government because a closed business will not pay tax. At the end, we need to ask ourselves salient questions.

Who is on the losing side?

We need to do better as a people.

kolakolex:


Its extremely madness. Why will someone borrow money and put me as guarantor without my consent and another fool will call me to tell me to disturb my life about a transaction I was never part of ?
They should restructure and find a better way to get their money.

pocohantas:


Smh…
I don’t have the right words to address this.



See the mentality of the one above. In his head, NPLs cannot ruin a financial institution. Yet someone was asking why credit cards are not being issued to Nigerians.

ojun50:
How can I reach National Information Technology Development Agency (NITDA) sanctioned the firm for privacy invasion.

Some 1 should help me with there details and address

richmondefosa:


They have a flawed business model.
Most Nigerians on their part do not like repaying debt. Selfish and wicked lots.

See many of them on this thread jubilating sokoloan is shutting down but they fail to realize that business closure such as this will result to loss of jobs and ultimately, loss of revenue for the government because a closed business will not pay tax. At the end, we need to ask ourselves salient questions.

Who is on the losing side?

We need to do better as a people.

richmondefosa:


They have a flawed business model.
Most Nigerians on their part do not like repaying debt. Selfish and wicked lots.

See many of them on this thread jubilating sokoloan is shutting down but they fail to realize that business closure such as this will result to loss of jobs and ultimately, loss of revenue for the government because a closed business will not pay tax. At the end, we need to ask ourselves salient questions.

Who is on the losing side?

We need to do better as a people.

samdolad:
I've borrowed money from sokoloan before, but the day I was unable to pay on due date which was due to some online transaction from my bank, sokoloan went ahead sending messages to contacts on my phone that am a criminal, this and that. I paid their money and vowed that nothing will ever make me borrow money from any loan app again. after some weeks they sent message to me that I should come and borrow money that they've seen me use their app, app wey I don delete.My advice to Nigerians, don't borrow if u can't pay back within the st*pid short period they do give. God will bless us

PastorFire:


Let me give you their whataspp number
Write the petition and send it to them
08168401851

DAVIDMOE:
According to this report. Over 100k users gave them a bad review. Meaning that they may have taken a loan from them.
The lowest interest this sokoloan charge is ₦3,000
So, if you do the maths, you will fined out that they made ₦300,000,000 from just 100k users borrowing ₦5k from them

This people make too much money to just shut down because of ₦10million fine.