tosine102:
Some people were don borrow money go dey happy

LoL

onigbese people

pay ya loan

comrade abeg try dey focus na Kuda Overdraft i dey pory person fit they get inflow of large funds wey no be him own you go give am 100k overdraft for this sapa era una go learn even the country dey owe

Olympiacos:
Make I rush go collect loan from them since FG don close their company.

Wish the shot down is today, those bunch of fools are clueless, imaging warning me that I will be embarrassed for a lone someone collected and use my name as a guarantor. Is it a crime for someone to save other people number in his/her phone

ipobarethieves:
so the borrowers are saints? Why go borrow when u knw that u’ll not pay back? The loans company dnt FORCE anybody to borrow money from dem


FG Dey encourages crimiNALS

Well said.
See even if you make interest rate 1%, Nigerians wount pay. It will still be the same story.
Loan an average Nigerian money and you guys must quarell when it comes to pay back time.
When I want to discharge a friend that a disturbs me for money, I oblige him by giving a loan. I know he wount pay back and so wount ask me for money again. Lol

When the conventional Banks with all our details have refused to give soft loans and the Federal Government is using NIRSAL MICRO FINANCE BANK to swindle the masses for a loan they don't give, why will we not patronize them?
They better go and look at the prices of basic commodities.
Very confused people.

floty threat they know they can't do shit because what they are doing is illegal but then again no be say the said borrower enjoyed doing this but bro naija hard i Guess it is what it is. I come in PEACE

Idzitari1:
Wish the shot down is today, those bunch of fools are clueless, imaging warning me that I will be embarrassed for a lone someone collected and use my name as a guarantor. Is it a crime for someone to save other people number in his/her phone

tosine102:
Some people were don borrow money go dey happy

Shutting down loan companies does not necessarily mean that loans given out by them will not be recoverable

JavaScript9091:
This administration is very clueless on policies. This is how they are killing startups due to misguided public sentiments.

Nigerians should learn how to pay their debts. Remember that when you urgently need money, no bank will come to your rescue without collateral which you probably don't have. Las Las na Nigerians wey dey write petitions go cry pass

I bet u work for them. How can u give someone a loan of 6days duration with interest rate almost at 50% and call it help. They are a devil reaping where dey did not sow, preying on poor innocent citizens. I nor blame you, thats what u get as a result of bad and clueless people in power, Nigerians knew nothing like loan shark apps until this govt came into power. Making life difficult for everybody.

Thank God

They keep buzzing me to come and borrow what I can't pay, awon werey

JavaScript9091:
This administration is very clueless on policies. This is how they are killing startups due to misguided public sentiments.

Nigerians should learn how to pay their debts. Remember that when you urgently need money, no bank will come to your rescue without collateral which you probably don't have. Las Las na Nigerians wey dey write petitions go cry pass

do u know what start up means?any loan that cant be used for business is useless to d econony.companies like umba that take 10% interest are still making profits aint they?do u know how many people those idiots have pushed to suicide.nigeria can do without those criminals believe me

cashhereVIP mind dey for back.. I fear loan for naija after with dealing this one. I no need loan again to

thegreencoal:
You banned Crypto. You blocked Twitter. Now you want to block decentralized loan apps. It looks like the Federal Government of Nigeria is determined to cripple to economic success of her own people. Which kind government be dis?

those loan apps cant bring any economic success abeg,they're only giving people bp and pushing them to suicide

matrix199:
It's about time!

Imagine giving loans to pay back in 2weeks with 50% interest. That's not even a shark loan, that's a killer whale loan.

You lie about the 50% interest

Godbless3:


I swear, some of these idiots that borrow go to play store to report these apps and google act ignorantly be baning/removing the app from play store.
Fed govt. should be look into how to regulate and the app and make sure violators are held responsible.

Sometimes it's better u report them. I know of someone that borrow money from Dem. he defaulted for a week and the overdue accrued to him was more than the money he borrowed even when he eventually paid everything, they still get calling his contacts that he is a criminal. If na u What will u do since u don't have money to sue them.

You better try to avoid loan people.
You dey online dey do something important,na so dem go dey disturb you up and down,no collateral,get your loan within five minutes.
Who don taya for life and e wan die fit collect.
I don spend my long money finish?
If na better thing,dem for dey use am dey shine your eyes up and down?.

DubaiLandLord:
I expect the Government to prosecute instead of closing down.

By the time one or two is use as an example, the rest will adjust or close down

Shey him get sense? Him never prosecute him Bandits, and Bokoharam brothers finish na these loan violators him wan prosecute.

Good move. At least nobody go dey whine about sokoloan this, sokoloan that. Let everyone go and borrow from their relatives.

Imagine what a customer care sent to a customer cause of one day delay in repayment.

How is this acceptable?

Please who know any of these sites that lends up to 150k with less interest rate and could hold on till like a year or 10months b4 they start harrassing me.. I get school fees to pay abeg b4 FG shuts anything down.


Abi i fit see pesin wey fit borrow me 4 dz forum? If u wan dash me too. I'm very open to that. Mke i just clear dz fees abeg.

With this news, people that collected loans go just lock up and refuse to pay while waiting for the hammer to fall on these companies

This will be the best thing the govt will ever do

Zed…..nce must be no 1

MsAllison:
onigbese people

pay ya loan

Emm, ma. Shey mo le je gbese lodo yin ma.. Ejor.. 150k noni ko poju.. Dnt worry, in my own case, you'd get ur money..

JavaScript9091:
This administration is very clueless on policies. This is how they are killing startups due to misguided public sentiments.

Nigerians should learn how to pay their debts. Remember that when you urgently need money, no bank will come to your rescue without collateral which you probably don't have. Las Las na Nigerians wey dey write petitions go cry pass

I agree with you on that . If you can collect the loan, then fulfill your part of the agreement .

However , the part I hate is the calling of contacts . It is a stupid , mafia-like shakedown . I have never taken their loans but I have been harassed because a vendor that I bought things from and exchanged numbers for future transactions got a loan and I started getting harassed for someone I barely know.
For heavens sake I have only met this person twice a sales event .
The part that got to me was when I got a call and I picked , there was a guy at the other end who sounded like a tout telling me that if I like myself I should tell the lady to pay up else my credit-worthiness in banks and financial institutions will be flagged .
God saved him that He quickly cut the call when he finished .

Idzitari1:
Wish the shot down is today, those bunch of fools are clueless, imaging warning me that I will be embarrassed for a lone someone collected and use my name as a guarantor. Is it a crime for someone to save other people number in his/her phone

What is the name of d lending company d person used?

King44:
Thank God

They keep buzzing me to come and borrow what I can't pay, awon werey

What is their name?

SUPERPACK:
They are not shutting down all, only those that don't meet regulatory permission. Any idiot can now create and upload a loan app to collect peoples credit card details to wipe their accounts.

the any idiot you said live on the moon to escape punishment? When people violate rules, they're made to face the law. In as much as there are idiots, there are legit and good guys. What they should do is fine anyone caught in the act with a minimum of 1m. But the main reason why they want to shutdown these platforms is that banks are loosing. The rules they're talking about is that these apps quickly gives loans without any colater and therefore has reduced the traffic on bank loans. Assuming the loans were difficult to for users to obtain, no matter what the policy is, the government would do absolute nothing about it. If you look at this critically, you'll know the main intent behind the shutdown. Actually, i agree with you because there are really really idiots.

I don't understand the people on the first page. It is not as if they forced u to borrow money from them, so why complain about the interest. Before borrow u get to see the interest rate, nobody put a gun on your head to borrow from them. Most Nigerian even if there is no interest on the money they borrowed, they won't still pay backs on time and I am talking from experience. U would have to beg and pursue them up and down before they pay back. The only fault with this loan company is calling wrong people and telling them to warn the debtor( was I there when the person borrowed the money). It is total wrong. A friend of mine borrowed money from 3 different loan app with the intention of not paying back. The goat now use me as guarantor for the three. This was middle of this year and till today he hasn't still paid any. Do u expect them just to fold there hands and do nothing? Most of them believe this is the only way to collect their money.

PrinceofAgoAre:
What is their name?

one is Aje, the other palm credit, oga patapata L credit haa those ones hen it's not nice doing business with them threatening start from a day to expire date

FalseProphet1:
Abeg they should shut them down, those people are just criminals taking advantage of poor Nigerians.

Imagine loaning a person in need money with over 45% interest for a duration of 6days, then going ahead to tag him a criminal when he can't meet up with the payment date. Aren't they the criminals?

Buhari's clueless leadership just brought suffering to Nigerians.

They should shut them down and leave the reasonable ones to keep running.

I see loan sharks going extinct by next year.

This I have seen.

Why take a loan..

You have absolutely no hope of paying for?

JavaScript9091:
This administration is very clueless on policies. This is how they are killing startups due to misguided public sentiments.

Nigerians should learn how to pay their debts. Remember that when you urgently need money, no bank will come to your rescue without collateral which you probably don't have. Las na Nigerians wey dey write petitions go cry pass

50% interest in 6 days, and you are justifying it. They are taking undue advantage of the poor. Stop justifying their criminality. 50% interest in 6 days and their only means of getting it back is through defamation of character. Some of them are so foolish that they don't know that the contacts in my account are fake. If you send one million messages that tag me a criminal,
none of those my contacts knows me.