₦airaland Forum

If you’ve ever used any loan app on your phone, you need to read this carefully. I got some crucial info to share today.

First, if the loan app you used isn’t on the list below, you might be in trouble down the line. This list includes only the loan apps that adhere to CBN directives, have verified physical offices, and are approved by the Central Bank of Nigeria:

1. Carbon


2. FairMoney


3. Branch


4. Renmoney


5. Aella



These guys are legit—you can even sue them if need be because they operate from an actual office and follow proper regulations.

But for the other loan apps, especially those not available on the Play Store and without a verifiable office address… watch out, bros and sis. By using those, you may have unknowingly submitted your personal information to shady operators.

Here’s what could happen:

Your BVN might be used to create virtual accounts that could be linked to money laundering or fraud.

You might end up with unknown accounts or loans taken in your name, with banks you’ve never even heard of!


So, if any of you suspect that you have been using one of these unapproved apps, I strongly advise you to visit your bank immediately. Get them to check all the accounts linked to your BVN via the NIBBS portal. Don’t wait for any kasala to burst—you need to know your status now.

Remember, ignorance of the law is no excuse!

Stay safe and share this with anyone using loan apps outside the approved list. Let’s help each other avoid unnecessary trouble.

Damilareshakur:
If you’ve ever used any loan app on your phone, you need to read this carefully. I got some crucial info to share today.

First, if the loan app you used isn’t on the list below, you might be in trouble down the line. This list includes only the loan apps that adhere to CBN directives, have verified physical offices, and are approved by the Central Bank of Nigeria:

1. Carbon


2. FairMoney


3. Branch


4. Renmoney


5. Aella



These guys are legit—you can even sue them if need be because they operate from an actual office and follow proper regulations.

But for the other loan apps, especially those not available on the Play Store and without a verifiable office address… watch out, bros and sis. By using those, you may have unknowingly submitted your personal information to shady operators.

Here’s what could happen:

Your BVN might be used to create virtual accounts that could be linked to money laundering or fraud.

You might end up with unknown accounts or loans taken in your name, with banks you’ve never even heard of!


So, if any of you suspect that you have been using one of these unapproved apps, I strongly advise you to visit your bank immediately. Get them to check all the accounts linked to your BVN via the NIBBS portal. Don’t wait for any kasala to burst—you need to know your status now.

Remember, ignorance of the law is no excuse!

Stay safe and share this with anyone using loan apps outside the approved list. Let’s help each other avoid unnecessary trouble.

This is not how to promote a business by running others down.

So among the hundreds of loan apps in Nigeria,these five are the only credible ones that are registered with CBN

You can do better, people in this forum are not fools

Celestialsword:
This is not how to promote a business by running others down.

So among the hundreds of loan apps in Nigeria,these five are the only credible ones that are registered with CBN

You can do better, people in this forum are not fools

They are the only credible ones. He is talking from experience. From my experience, every loan app not on the list he posted is shady.

Nigeriahasfutur:
They are the only credible ones. He is talking from experience. From my experience, every loan app not on the list he posted is shady.

so,easimoni and okash ran by blue ridge microfinance bank and opay are not credible because they are not in the list.

Whenever you people want to promote your business don't do it by running others down.

Celestialsword:
so,easimoni and okash ran by blue ridge microfinance bank and opay are not credible because they are not in the list.

Whenever you people want to promote your business don't do it by running others down.

Yes. In fact, Fairmoney is still on the list only by the grace of God

Nigeriahasfutur:
Yes. In fact, Fairmoney is still on the list only by the grace of God

who made that list credible