Useless set of people serves them right.

I think they should be arrested and sued for defamation of character.

Executive Vice Chairman and Chief Executive Officer of FCCPC, Mr. Babatunde Irukera thank you sir for going this far on this matter,God bless.

Splitmind:
Very good.

They should go after Kudabank as well.

Kuda bank is a licensed microfinance bank

Chigozirimkpoma:


That's all you can offer?

that's all u need cause pussy is all u can offer

Dagrace01:


Spot on!
U access a loan app, read their terms and conditions, know their interest rate and due date and went ahead to apply for the loan..
Isn't it an act of cheating when u started complaining about the things u have read when the due date arrive?
I've seen people who are so dogged about not paying their loans back, not that they don't have but they just wanna cheat.
Thousands of youths are reasonably employed by these loan companies, I wonder what their fate will be if these companies are shut down, instead I think some standards and regulations should be given to these companies instead of outrightly shutting them down..

If you call sitting in a cubicle insulting customers and defaming them on all media employment you seriously need help
There's a reason your chinese overlords don't work in US or Europe
The law would eat them for breakfast
Conform with financial rules or ahut down
QED

unitysheart:


https://punchng.com/fg-shuts-illegal-online-banks-freezes-business-accounts/

VERY GOOD, THEY HAVE CAUSED MORE HARM THAN GOOD TO MANY HOMES AND FAMILIES

lifenija:
that's all u need cause pussy is all u can offer

Your mindset needs some upgrade. You're one of the problems of this country.

MrPADDY:
Sad development for the lenders and the borrowers. The federal government should have found a way to regulate the sector, instead of forcing them to close shops.

Didn't you read the part they said they are operating illegally?

The sector is regulated but this guys failed to acquire a genuine licence from the regulatory body.

unitysheart:


https://punchng.com/fg-shuts-illegal-online-banks-freezes-business-accounts/

why they no include carbon and fairmoney?

Chigozirimkpoma:

Your mindset needs some upgrade. You're one of the problems of this country.

u women are d most problem with d country.

LZAA:

If you call sitting in a cubicle insulting customers and defaming them on all media employment you seriously need help
There's a reason your chinese overlords don't work in US or Europe
The law would eat them for breakfast
Conform with financial rules or ahut down
QED

I don't know why u called Chinese your lords..
But don't be deceived, China and US, Europe have good economic relationship despite their ideological differences, don't just stay here to and assume, go and read about Chinese investments and every nook and cranny of the world..
And yes, I never said loan apps shouldn't conform with financial laws guiding their operations, but borrowers too should not be having the intention to default. What is good for the goose is like wise good for the gander

Proboy21:

It shall not be well with the jobs they have. Is that one a job, a job you will unneccessarily insult people for no reason anjob u will defame people And u call that one a job

Very wrong to insult or defame anyone, but is it good for someone to also take loans he have the intention not to pay back?
Let's be realistic here, both parties are guilty..
Loan apps are guilty of going extra miles because not all defaulters that has the intention not to pay. While sime borrowers are also guilty of going ahead to obtain loans they know they can't pay back in the stipulated date.
And talking about jobs, let federal government provide jobs so that youths won't run to loan companies for solace... The jobs available now are teaching job of 25-30k monthly while these companies pay double and more..
There should be law guiding the activities of both the loan companies and the borrowers.

Plus10:

What stop them from doing the right thing by operating legally,imagine a loan firm with over 800 staff yet is not registered with CAC,no physical address, no paying of tax,imploys dubious loan recovery methods by name shaming defaulters. I abeg FG did the right thing,those employees affected should look for a befitting job after all they have been hiding their identity to avoid public lynch.

They're paying tax ooo..
And the borrowers know these terms and conditions before going ahead to obtain those loans, how do u justify that?
Yes they've faults for operating illegally and defaming people, but how about the people?
I applied for 40k and I'm told to repay 55k while we I go ahead to obtain that kinda loan?
U cum collect am finish cum dey complain say e too much, were u given the money under duress?
If u say may government close am down, it won't affect the owners one bit, na ur country e go affect, millions of borrowers who sustain their businesses with these petty loans would be affected, thousands of youths would go back to the street and u know what that means..
Rather we should agree that standards and regulations shoyd be given to these companies so everyone would be happy!

Dagrace01:


I don't know why u called Chinese your lords..
But don't be deceived, China and US, Europe have good economic relationship despite their ideological differences, don't just stay here to and assume, go and read about Chinese investments and every nook and cranny of the world..
And yes, I never said loan apps shouldn't conform with financial laws guiding their operations, but borrowers too should not be having the intention to default. What is good for the goose is like wise good for the gander

Once again you are missing the point
Now let me school you
There are 3 major telecollection agencies for licensed loan firms here and none of them take the silly measures the firms u are defending take to recover loans
Infact they actually sack staff who abuse or are hostile to customers
Can u see the difference
Also i called them your Chinese overlords because you seem to accept their methods of debt recovery is OK Whereas it's not
And finally whatever economic benefits that those countries share becomes moot when the chinese violates the law
Also see an internal memo from a loan company you are defending

They are still very active and operating

BestMan001:
Good for them.

Avoid loan and remain without problem.

But it is possible not to have problem?

Dagrace01:


Very wrong to insult or defame anyone, but is it good for someone to also take loans he have the intention not to pay back?
Let's be realistic here, both parties are guilty..
Loan apps are guilty of going extra miles because not all defaulters that has the intention not to pay. While sime borrowers are also guilty of going ahead to obtain loans they know they can't pay back in the stipulated date.
And talking about jobs, let federal government provide jobs so that youths won't run to loan companies for solace... The jobs available now are teaching job of 25-30k monthly while these companies pay double and more..
There should be law guiding the activities of both the loan companies and the borrowers.

I understand you but truth is most people actually want to pay back but the time duration is short av seen people who tell me they should give them few days more to pay up even with the overdue charges I had a colleague then in the office that approached me to borrow him some money so he can pay this people I was only able to borrow him half of the money at the time, and he told the agent to please give him till the next day to sort it out, funny thing is he paid the half I gave him only for people to start calling him later in the evening that they got messages. When he called the guy back that how could he do that the bastard agent was just shouting and insulting him and threatening him the more and he was still calm and begging upon the insult. And when the second day came he paid and agent didn't send message to retract o. The default was just 1 day o. So they do not have intentions to actually collect money alone but to defame people if the aim is to collect money there are ways to go about it even if you will.take actions everyone will see that they have tried which one is defaming because of 1 day default

One of them with LCredit

ALLNIGERIANSMAD:
now when Dem don raid your hideout, E dey pain you, you wan dey make 100% interest on poor people, they suppose dey shoot those loan shark people on sight sef

Splitmind:
Very good.

They should go after Kudabank as well.

Kuda bank keh.
Abeg o. My money dey there o

Emmanuel30a:
A loan and internet banking app that has no physical contact and office address ... Is that a real and authentic loan and internet banking app? Check and confiscate Branch International loan and internet banking too. Just that the Federal government are fake and not authentic too.

branch ;Done of the best for investment and savings...bros be calming down sir

lifenija:
u women are d most problem with d country.

I'm done talking to you cos you sound like a boy. You need to grow up and man up.

omotola90:
branch ;Done of the best for investment and savings...bros be calming down sir

There you are... Good for you. You would soon be a victim.

Chigozirimkpoma:

I'm done talking to you cos you sound like a boy. You need to grow up and man up.

lol look @ d kid talking

Nyanmiridunce:
Lcredit and sokoloan offices should be locked up and the keys thrown into the Pacific waters.

exactly, very rude set of animals.

Emmanuel30a:
There you are... Good for you. You would soon be a victim.

look at you

At that bros talking about branch,it is a licensed finance company...do your research well sir... don't just jump waa ;Dinto conclusion...

omotola90:
At that bros talking about branch,it is a licensed finance company...do your research well sir... don't just jump waa ;Dinto conclusion...

branch is number 8

ledaman:
But it is possible not to have problem?

Less problem

Dagrace01:

They're paying tax ooo..
And the borrowers know these terms and conditions before going ahead to obtain those loans, how do u justify that?
Yes they've faults for operating illegally and defaming people, but how about the people?
I applied for 40k and I'm told to repay 55k while we I go ahead to obtain that kinda loan?
U cum collect am finish cum dey complain say e too much, were u given the money under duress?
If u say may government close am down, it won't affect the owners one bit, na ur country e go affect, millions of borrowers who sustain their businesses with these petty loans would be affected, thousands of youths would go back to the street and u know what that means..
Rather we should agree that standards and regulations shoyd be given to these companies so everyone would be happy!

Truth is that they won't like to be regulated. Being regulated would mean putting a cap on their lending rate and extending tenor. No sane regulator would agree to over 300% per annum and tenor of 7days or less as obtainably with most of these loan apps.

Can you dash me 200k please to support my small business? I shall be grateful if considered. Thanks in advance

BestMan001:
Good for them.

Avoid loan and remain without problem.

Well, I paid 22k to easemoni this evening, and it's still operational