I had a super rich maternal uncle. He was a trader and an importer.
Some of his siblings would asked him to sell some of his goods to them.
Sometimes a truck load of cement etc sent to his sibling, the sibling may decided not to give him any money back. Not even a kobo.
When he asked why? The answer would be begging and begging, but you are very rich.
Their mother would come in and interceded and begged him to forget the money.

Very soon the sibling would be begging for another truck of goods and promised to pay this time around.
Not sure it would be paid or not.
But he was very very rich person, and very nice mallam.

SavageResponse:


Please mention just 2 people you known that have been sentenced to prison terms for issuing dud cheques in Nigeria!

People are sentenced daily but we dont hear about it. Anyway most try to settle before it gets to case. Usually at police or efcc. Most, when you threaten them will wish to settle sharp sharp. One of my paddies, ordered medical equipment from mushin, on the day of payment omo igbo called him that his check bounced. If you see the panic this guy went through looking for money to put in that account. Another of my friends, police arrested him to the then IG intelligence unit, gra. Infact his creditors said they did not want the money, rather they wanted him charged to court, that he must go to jail. When his family saw this guy would likely smell jail, they looked for the money with begging for the case to end.
The fear that one could loose his freedom for just eg 1 month,, imagine if there is no option of fine. Wount you pay?

Kobojunkie:
1. You made it sound like you could is why I said remove "lend". Best you always make sure to get a promissory note from everyone you lend money to. For your own peace of mind.

I will stick to this.

vickydevoka:

Simple!!! What if him come pay back the 5k come ask for 20k

I'll simply ask him, "what part of my lifestyle made you feel I have 20k?"

Truthshscrazy:

Just read the fine print. If you dont gerrit, forgerrit.

---

Na for Sharp intelligent borrower to simply just add promissory note to pay back in 4months time along with postdated cheque carrying 4months time date from date of cheque issuance . or even 5months time date or 6 . Postdated cheque in the mud.

Truth of the matter is that people will always try to find a loophole. But don't for get the person trying to borrow money from you will not be thinking of all this. He ask you, as you are giving him, you demand for cheque. Anyway, nothing is 100% guaranteed, it is just an additional protection.

Lend money regularly to people, if you are blessed to have lot of money.
The money you can give away.

M oney K udi O wo abiola was the kindest person ever in nigeria.
He readily gave out, he always helped people.

Evestar200:
This one is from my childhood friend.

This person begged me to send this money to him in 2015 because he is stranded in Borno and doesn't have anything on him to transport himself to Port Harcourt.

As a good person then, I managed to send him from the little one I have even when I was struggling then.

I reminded him in 2021 when I was sick and in need of money to buy drugs but this is what I get back for being kind.

He didn't pay and blocked me last year.

The other person I lend paid half of the money and the other half is history 😂😂😂😂.

Some people are wicked, Imagine someone I lend 20k on Monday is asking me to send her my account number so that she can send me back my money while some people don't want you to even remind them not to talk about requesting back the money you lend them.


Life.

Wow!! Your frenemy is truly entitled.

sylve11:


I will stick to this.

I also learned to add the following

nedekid:
■ Ahhh, they do. That is why those days you want to take loans from microfinance banks, regular banks too, you want to finance eg a car, they will ask for post dated cheques for all the monthly payments even if it is for 4 years. Me cannot loan someone money without collecting a cheque. Unless it is money I can afford to loose. If you have the time, read the law below and the cbn response at the bottom.
■ The issuance of a dud cheque is a criminal offence pursuant to Section 1 of the Dishonored Cheques (Offences) Act CAP D11 LFN 2004 and punishable under Section 1 (1) (b) (i) of the same Act.
The crux and relevant provisions of the Act are as follows:
(1) Any person who –
(a) obtains or induces the delivery of anything capable of being stolen either to himself or to any other person; or (b) obtains credit for himself or any other person, by means of a cheque that, when presented for payment not later than three months after the date of the cheque, is dishonored on the ground that no funds or insufficient funds were standing to the credit of the drawer of the cheque in the bank on which the cheque was drawn, shall be guilty of an offence and on conviction shall- (i) [b]in the case of an individual be sentenced to imprisonment for two years, without the option of a fine; and (ii) in the case of a body corporate, be sentenced to a fine of not less than N5,000.
[/b]
Measures taken by CBN
Prosecution of the offenders directly; Handing the offenders over to the Economic and Financial Crimes Commission (EFCC) and other security agencies for prosecution; Banning the offender from accessing credit facility for a period of 5 years; Cancellation of all unused Cheque books issued to serial issuers of dud cheques upon the compilation and dissemination of information by CBN; Sanctioning any bank that fails to report serial issuer of dud cheques.

Request postdated check for each payment to be made by the one borrowing from you as additional insurance against nonpayment.

Octopusssy:
Story of my life. However, I make exceptions. There is one who I lent 5k in 2019 and he promised to pay. When it was time for repayment, he claimed he was robbed on his way to Shiloh.

in my heart I was like "Story don enter. Toh, no wahala" and mentally wrote off the debt. Fast-forward to April 2023, young nigga is now a ultra Peter Obi supporter and when I voiced out my unwavering admiration for Wole Soyinka despite his declaration that the 'Obidient movement' was toxic, he started throwing shades and insults at me on his FB page.

Since we want to be mad, let us all be mad together and scatter everything.

I went to our WhatsApp conversation, took a screenshot of his loan request from four years ago and sent to him with the message "pay up nigga. You cannot be insulting me online and still be owing gbese on top." I also dropped my account details.

Thank God the odofion has small shame because he transferred it to me in a flash. We now proceeded to block each other left, right and center. Na so friendship of almost 9 years end.

Wetin be my own? I am not Jesus, I am Octopusssy and I can be very petty when I want to be. Mscheeeew

If na me I nor go do that kind thing sha.

I like the fact you said you could be petty sometimes.

Klass99:


Lol 🤣, you certainly don't FK. I am glad you got your money back and the one you helped your mother recover.

For real oh. 🤣🤣

Thank you very much Klass.

Evestar200:
This one is from my childhood friend.

This person begged me to send this money to him in 2015 because he is stranded in Borno and doesn't have anything on him to transport himself to Port Harcourt.

As a good person then, I managed to send him from the little one I have even when I was struggling then.

I reminded him in 2021 when I was sick and in need of money to buy drugs but this is what I get back for being kind.

He didn't pay and blocked me last year.

The other person I lend paid half of the money and the other half is history 😂😂😂😂.

Some people are wicked, Imagine someone I lend 20k on Monday is asking me to send her my account number so that she can send me back my money while some people don't want you to even remind them not to talk about requesting back the money you lend them.


Life.

Hello there sis, people like you have good hearts and other fellas take advantage of it.
What these people do is,they run up to borrow money from you and when it's time for them to pay back,they stay off you and you will be the one running to them!

It gets worse when they show you that you are irritating them for asking for your own money!

I have made up my mind never to lend or borrow any money to anybody cos you borrow them the dough or not,they will still annoy you,so it's better I don't borrow and let them say and do whatever they want.

Please be very careful and watch your steps, people are bad.

Na these same set of bad debtors dey patronise loan apps. You see dem shouting Palmpay up and down. Awon onigbese.

Don't borrow anybody money you can not gift them. Some Nigerians would rather pray for your death than refund the 5k they owe you. Lets be wise

Sixfeetbelle:


You and me? Na the same Mama born us.

Gentleman's word is a very big deal to me.

In this life, you can do anything you want to, but don't ever mistakenly open your mouth and tell me you'll do something and then not do it eventually. I'll torment your life until you do what you said.

*Borrow me money, no problems if you don't.
*Borrow me money, I'll pay back. Even after death, you must pay back.

Sabi girl! 😎😎😊

Do you get?!! It is a BIG DEAL to me.

I swear. It's better the person keep his mouth shut instead of unfulfilled promises.

Na that time me and the person go put leg for one trouser. 😂😂

1Sharon:


Do you really think if you lent your friend the 500k, you would have gotten it back?

I was told to help me find it. Am not the one lending him.

Evestar200:
Have you ever lend money to someone and when is time for them to pay they will tell you or do something that will make you regret ever helping them?

Share your stories.

This is one of many things I hate to see and I wish I have super power to deal with ungrateful elements like these ones. Just like one idiot I gave money 65k since sept 27 last year to do my car documents only for this idiot up till this moment can't bring documents and can't pay up , he has been begging for more time to refund . Had to involve his mother she too joined in begging . I wanted to go street with but my mum begged for him . Okay now he has relocated somewhere cos he said his wife is misbehaving blah blah blah ...wo just give me my money. I have it in mind that anywhere I manage to see him hmmm wish I can do more but I have been told via dream to avoid anything fight or dragging not to regret . I understood the dream msg from my sis cos the said guy can't stand me if e sup . Bottom line many people are ungrateful and funny part of it again is that it's you that will be calling messaging for your own money. For such people in my mind has closed their own chapter when it comes to doing them favour in future even if they are at the point of death I won't. I so hate ungrateful people ehn

Johnn87:


Legal action for bros lend me 30k first is not legally binding, cos there was no official Documents signed by both parties

◾ 2ndly, For the fact that its not official loan, [b] N.O named C.O.L.L.A.T.E.R.A.L /seizable assets was tendered or signed out for Repossesorship, in case of repayment defaultment. Certificates, land deed, house documents, Car papers, business assets, etc
On the strength of N2, its a dead end case and waste of time . Cos las las after lawyers don drag adjourn the case as much as possible,
Its left for borrower to say l nor get. Na 100 naira l fit dey pay back monthly. Thereby scattering legal repayment into several years.

Aftrall, no official business was transacted between you two, neither was any documents signed for loan given out.
Unless huge sums are involved, Sound legal advise would advise one to forget a 30k informal loan case, without official agreement documents signed by both parties.

You think all contracts must be formal to be binding abi 😀, dey play 😏😏

Zonefree:
Omo, if you ask me to borrow you 10k, I'll send you 5k and I'll never ask you for the money. That way, I know you'll never demand for another loan cos you're still with my 5k. Life na wisdom.

Somebody already using this scope....wow, we plenty

Evestar200:
This one is from my childhood friend.

This person begged me to send this money to him in 2015 because he is stranded in Borno and doesn't have anything on him to transport himself to Port Harcourt.

As a good person then, I managed to send him from the little one I have even when I was struggling then.

I reminded him in 2021 when I was sick and in need of money to buy drugs but this is what I get back for being kind.

He didn't pay and blocked me last year.

The other person I lend paid half of the money and the other half is history 😂😂😂😂.

Some people are wicked, Imagine someone I lend 20k on Monday is asking me to send her my account number so that she can send me back my money while some people don't want you to even remind them not to talk about requesting back the money you lend them.


Life.

shey make I talk about a top banker wey I lend 5k since 7 months now wey dey post me like say tomorrow no dey? Btw.. she was my account officer

Caseless:
This guy is wicked and very rude.

How did you manage to keep the chat up till now with receipt?

I don't delete my chats. Because I might need in the future as evidence.

Octopusssy:
Story of my life. However, I make exceptions. There is one who I lent 5k in 2019 and he promised to pay. When it was time for repayment, he claimed he was robbed on his way to Shiloh.

in my heart I was like "Story don enter. Toh, no wahala" and mentally wrote off the debt. Fast-forward to April 2023, young nigga is now a ultra Peter Obi supporter and when I voiced out my unwavering admiration for Wole Soyinka despite his declaration that the 'Obidient movement' was toxic, he started throwing shades and insults at me on his FB page.

Since we want to be mad, let us all be mad together and scatter everything.

I went to our WhatsApp conversation, took a screenshot of his loan request from four years ago and sent to him with the message "pay up nigga. You cannot be insulting me online and still be owing gbese on top." I also dropped my account details.

Thank God the odofion has small shame because he transferred it to me in a flash. We now proceeded to block each other left, right and center. Na so friendship of almost 9 years end.

Wetin be my own? I am not Jesus, I am Octopusssy and I can be very petty when I want to be. Mscheeeew

You did very very very well babe. It is okay to be petty when the other i.diot wants to be racing mad.

I swear you be like me. E sweet me for belle. People wicked come stupid on top.

Zonefree:
Omo, if you ask me to borrow you 10k, I'll send you 5k and I'll never ask you for the money. That way, I know you'll never demand for another loan cos you're still with my 5k. Life na wisdom.

U reminded me of my childhood friend that had been disturbing me on Facebook messenger to borrow him 5k, severally he would be be sending me messages anytime I login to fb,. I decided oneday to put an end to. It. I gave him 3k and since then he refused to talk about it. And I have rest of mind. Cos he knows that if he asks me I will remind him the I gave that he refused to pay

inoki247:
Lol dere are things you should just zero ur mind once u du it like Borrowing friends or family money jus know u don du Giveaway.....


I remember the Hakimi case if you try am with Nigeria Mother's just kiss ur money goodbye our mother that u will keep ordinary 5h with to colet am bak dey will remind u aw dey Carry u for 9month....

Baba na your own be that o. I will gladly will all my money in my mother's name if I could. She's the only person I can trust. Not even my Dad.

Kobojunkie:
I also learned to add the following

Request postdated check for each payment to be made by the one borrowing from you as additional insurance against nonpayment.

Some of the people seeking loans don't even know what a cheque looks like.

Klass99:


This is bad! A little over 1.5 Million in 2015 wasn't a joke, even now it won't be child's play in spite of the naira not doing well.

What were his reasons or rather excuses for not paying back? Do you guys even talk now? These stories make me grateful for the quality of people I know who repay personal loans they take. Sorry o.

-Lol at "Sorry o." It's not your fault na.

-Anyway, the person in question and myself haven't spoken in years. I have since deleted his contacts. When the issue was fresh, I told family members I would go for the money when he least expects, but over the years I seem to have mellowed down a tad with some intervention from one of my wives.

-He never gave any reason for not paying, only keep promising he will pay the loan back.

-Nevertheless, lessons learnt. Never to be that stupid ever again.

sylve11:
■ Some of the people seeking loans don't even know what a cheque looks like.

1. Maybe you shouldn't lend to anyone who does not have a bank accounts and a check book. Even high school kids here know what those are.

This is the reason why I can never ever blame Lapo and all these online apps when they go brutal.

Nigerians are not used to paying back loans or whatever and it's an entitlement mentality, an habit that has being ingrained from little.

It doesn't even start from lending money it starts from little things like

1. Expecting someone else to pay for your meal or tfare simply because you feel the person should have more money, no prior discussion about it nothing. They will now try to black mail you emotionally especially office people ,
I will never expect my collegue to pay for my meal if we go on break together, I hold my money, you sef don't expect me to pay for yours coz you don't know how buoyant I am at the time. If I want to sponsor your meal na me go tell you.



2. Years back I needed 20naira change someone lent me and later in the day I returned it back, the person was like ahan why would you return 20naira and I said because I asked you to borrow me the change.

We think because an amount is small if borrowed it shouldn't be returned and then it graduates to big cash. People that don't think of returning 500naira will never be faithful with 50k that's the way I see it.

3. We believe that if someone is rich money lent from the person should not be returned after all ' he is rich'. Major reason why rich people do tend to separate from others for a while.


Point is Nigerians are bad debtors, friends oo family ooo, collegues ooo same nooni.

Thats how a collegue told me to help him collect Gtb loan with my own salary account and he will be paying me back, you nkor you no fit collect sebi Na the same Gtb all of us use as salary account, he said he is paying one. I say I no fit, no be fight.

But there are those who keep to their word, those ones will always refund no matter what and I can go all out for these people, because I know they will pay


Shout out to LAPO the kings of loan recovery in Naija, na dem fit our people.

Kobojunkie:
Seriously flawed indeed! Had you had that loan formally handled, you would have maybe gotten your money back and then some. And could have even helped grow your friendship too..

-We are quite informal in our setting. We help and support one another. The suggestion of formalising lending will not be exactly welcomed for some reasons.

-Anyway, I don't lend money anymore. I only dash what I can afford.

-I remember when I was in College and I asked my Finnish girlfriend to lend me £2k, she told me to approach my bank. Chai! The thing pain me, no be small; and still does.

Evestar200:
This one is from my childhood friend.

This person begged me to send this money to him in 2015 because he is stranded in Borno and doesn't have anything on him to transport himself to Port Harcourt.

As a good person then, I managed to send him from the little one I have even when I was struggling then.

I reminded him in 2021 when I was sick and in need of money to buy drugs but this is what I get back for being kind.

He didn't pay and blocked me last year.

The other person I lend paid half of the money and the other half is history 😂😂😂😂.

Some people are wicked, Imagine someone I lend 20k on Monday is asking me to send her my account number so that she can send me back my money while some people don't want you to even remind them not to talk about requesting back the money you lend them.


Life.

Bros.. I know this person because he has also borrowed from me. That's the same format he uses
This is his name. James Nwaka Ikechukwu.
Phone number 08035440203
Abeg nairaland people help me call the chronic debtor to pay me back my money

ednut1:
These days no matter the sob story i no dey listen. Things are tight is my default response. A useless friend of mine wey I borrow 50k 5 years ago, refused to pay then I found out he use am run photoshot for his child's birthday. Kunle ko ni da fun e .

Photoshoot? When one is broke, some folks need their heads examined?

I did same to a friend, 200k plus, he returned a little more than half during pandemic year and has never initiated for full refund ever since.

It's really pathetic to have people who always bring bad debt to others ..

People can be terrible it is when it is time to pay the mumu that was begging for money will turn to lion. I don't even know how to ask for money borrowed from me so I would rather give a token I can let go of. I have learnt over the years people are not trustworthy especially as regards money

Iriruaga100:


Idiot do the Canada visa for all your family members.

Bro you sabi the guy?

PDJT:
-We are quite informal in our setting. We help and support one another. The suggestion of formalising lending will not be exactly welcomed for some reasons.
-Anyway, I don't lend money anymore. I only dash what I can afford.
-I remember when I was in College and I asked my Finnish girlfriend to lend me £2k, she told me to approach my bank. Chai! The thing pain me, no be small; and still does.

1. You can equally help and support people while taking less risks yourself. There is nothing less helpful or less supporting, for example, about insisting the borrower signs a promissory note in addition to submitting post dated check as insurance. As a matter of fact, by ensuring risk on your end is reduced, you help keep the borrower responsible and discipline in his use and repayment of borrowed funds.

When the lender is so relaxed about the risks of non payment, what incentive or reason exists for the borrower to put in the effort necessary to ensure payment of the loan? Na we dey feed all these bad culture by our own refusal to do better abeg!