₦airaland Forum

Nigerians need urgent rescue people in the circle of this criminals, i have receieved not more than ten messages shameming people who took loan from them, there is a process of debt recovery in Nigeria so why do they resulted to flauting the government policy.

NITDA, NDPB, NCC, CBN EFCC, ICPC and other relevant agent to do the needful to end this menace that is killing nigerian than even Boko harram and bandit.

I've worked in a bank, these loan recovery processes doesn't work. Even with commercial banks talk more of the loan apps where there are no collateral needed, the lender can give you fake address or phone number.

Romanoff:
I've worked in a bank, these loan recovery processes doesn't work. Even with commercial banks talk more of the loan apps where there are no collateral needed, the lender can give you fake address or phone number.

And now that everyone don wise up, people use a total different phone for loan apps, save fake contact and borrow money. So aside their picture which they took when borrowing the money, everything else from contacts to address...etc are all fake.

They're the ones loosing more cos Nigerians will always remain Nigerians. To borrow someone you're seeing money would require you involving a third party before you can collect less than half of it, is it an online app that doesn't know you they'll pay.

I heard some online app company goes as far as posting there defaulters obituary

You guys should stop borrowing what you know u won't pay back, stop expecting manna to fall from heaven

I have a story.

Debt recovery isn't easy in Nigeria.

UyaiIncomparabl:
I have a story.

Share it with zaddy

Acidosis:
Share it with zaddy

Ameeebo.

UyaiIncomparabl:
Ameeebo.

Clickcheck:
Nigerians need urgent rescue people in the circle of this criminals, i have receieved not more than ten messages shameming people who took loan from them, there is a process of debt recovery in Nigeria so why do they resulted to flauting the government policy.

NITDA, NDPB, NCC, CBN EFCC, ICPC and other relevant agent to do the needful to end this menace that is killing nigerian than even Boko harram and bandit.

If you call the loan apps criminals what then will you call Nigerians who borrow and refuse to pay back the loan?!

It is the unyielding attitude of Nigerian loan debtors that made the loan apps to adopt more aggressive means of loan recovery!

People that borrow shld pay