₦airaland Forum

Story doesn't add up...na big lie..all for clout

Don't collect opay loan if you don't have anything doing. Even we wey dey do govt work never pay finish

So you never had any intention of paying it back?

Didn't you read the terms and conditions before agreeing?

Or were you so excited to get the iPhone and wig that you didn't even bother reading the T&Cs?

I really wish there was a centralized system that linked all bank accounts in the country. How can someone borrow money from Opay and move their funds to First Bank or another bank, making recovery much harder.

bUT WHY WOULD you do such a thing ?

Sonnobax15:

Typical Nigerian debtor .

When you're lending them the money, they'll appear like a dove but when it's time to pay back, they'll suddenly turn to lions.

Not that when she took the loan ,that she even invested it wisely or meaningfully . Instead,she used it to buy wigs that'll only end up covering the empty head she has on her neck

As in. Nigerians are terrible loan defaulters.

vislabraye:
bUT WHY WOULD you do such a thing ?

When nothing works that's how you rate the economy of fools.

Na still men go pay am for her. Only her kpekus will be hard hit

Borrow 1.2 million to buy a phone and wig at 100 level in school.

How much does she need now to maintain her flaky lifestyle? I pity a man that attempts to marry such.

moscow007:
That's wrong, a loan stops accruing interest the moment it's lost.

This violate CBN guidelines for Microfinance Banks which opay falls under, once a loan is overdue by 90 days it's classified as Lost at which point interest stops accruing.

Unfortunately we are in a useless country where laws, rules and institutional guidelines doesn't matter, everyone does as they like.

To top it off, we've a useless Govt that has rewarded everybody except Nigerians...

Chinese loan sharks all over the place charging as much as 700% per annum on loans...Nigerian Govt rewarded them with GIS interface that allows them debit any account linked Via BVN to recover such insanely flawed interest bearing loan.

Stop this cap. She definitely signed or agreed a contract with easymonie before collecting the loan. Instead of counseling on people to learn how to pay debts or use loans for business rather than buying wigs and phones you are here seaking about the law.
Kindly remember that Placing a loan on nonaccrual status does not erase your legal obligation or change your loan contract

Sunisonflex39:
people can lie for content

is not lie. If you borrow loan from opay and still have funds in your account, the won't touch you money, but the interest on your loan will keep adding up.. they won't force you to pay back, they can only remind you to pay back the loan, but if you don't the interest will keep adding up daily.

Sonnobax15:

Typical Nigerian debtor .

When you're lending them the money, they'll appear like a dove but when it's time to pay back, they'll suddenly turn to lions.

Not that when she took the loan ,that she even invested it wisely or meaningfully . Instead,she used it to buy wigs that'll only end up covering the empty head she has on her neck

Naija people would beg you to borrow them 2k and promised heaven & earth to pay immediately salary enter, to recover your money, you must put up fight before you can collect it back or leave the money if you don't want your relationship with the person to go sour.


It would take divine intervention for me to borrow people money, if I have, I will give what I can bear and off my mind immediately.

It serves you right.
You've coconut head and that's why you had to take loan to buy wigs & phone when the loan taken is not invested in any tangible & profitable business capable of repayment.

They're going to tag all your accounts as a defaulter and freeze them.

nlfpmod:
Media Personality Mardiyyah Reveals How a ₦1.2 Million Loan She Took in 100 level to Fund a Flashy Lifestyle Grew to Over ₦9.6 million After She Stopped Making Repayments



Source

Even this is a lie

That's not how the interest is calculated

wehdone:
I hope she's arrested by DSS, EFCC, ICPC, FBI, Interpol, etc. She's dishonest, and it's people like her that have made it difficult (almost impossible) for honest Nigerians to access loans that would have been beneficial to them- business, family and even health

funny enough they can't arrest her, owing a loan is not a criminal offense, max they can do is to flag her account, or seize any asset worth that amount she owes till she pays off.

moscow007:
That's wrong, a loan stops accruing interest the moment it's lost.

This violate CBN guidelines for Microfinance Banks which opay falls under, once a loan is overdue by 90 days it's classified as Lost at which point interest stops accruing.

Unfortunately we are in a useless country where laws, rules and institutional guidelines doesn't matter, everyone does as they like.

To top it off, we've a useless Govt that has rewarded everybody except Nigerians...

Chinese loan sharks all over the place charging as much as 700% per annum on loans...Nigerian Govt rewarded them with GIS interface that allows them debit any account linked Via BVN to recover such insanely flawed interest bearing loan.

if you still keep the phone number to the account you have to pay the load, only if you change phone number if may be off. government don't have any hand in this at all. Hope you also know opay won't touch your money in your main account if you take a loan, they can only remind you to pay back the loan, and if you don't the interest keep adding up. So they are being fair.

And here you are on social media washing your dirty linen in public. Borrow another loan to buy brain. Common sense is not common.

Alhamdu LIllahi for Islam.
Western capitalism is the cancer of the world

sweerychick:
funny enough they can't arrest her, owing a loan is not a criminal offense, max they can do is to flag her account, or seize any asset worth that amount she owes till she pays off.

opay won't even flag that account, the only way out for her is if she stop using that number.... The more she use that number, the more the account is active, even if she have money in her opay, they won't touch it, she will be the one to pay back or else the interest keep adding up.

Opay should sue this liar for defamation.

No way they will load 1m to a user with no cash flow history

It also shows a lack of gray matter to announce on social media I am a dubious person who prefers to dodge paying my debts

adaxme:
Even this is a lie

That's not how the interest is calculated

From 100 to 400level? #1200 loan? In opay and regular bank?

Oga do your research very well.

This cant be true.....they gave a 100 level student a 1.5m loan based on what? How big was her inflow/outflow plus spending habit to justify the loan? She got the attention she wanted.

This story is fake, first of no reasonable person no matter how dumb would come out on social media to post how he or she spent a loan on ridiculous items it's not just possible, let alone a 100L student, is Opay that stupid? secondly how can you borrow 1.2m to pay almost 9m since 2024, after six months the interest should stop. Interest only accumulates when you service your loan. So I don't believe this story.. this person just wants attention and she's gotten it

moscow007:
That's wrong, a loan stops accruing interest the moment it's lost.

This violate CBN guidelines for Microfinance Banks which opay falls under, once a loan is overdue by 90 days it's classified as Lost at which point interest stops accruing.

Unfortunately we are in a useless country where laws, rules and institutional guidelines doesn't matter, everyone does as they like.

To top it off, we've a useless Govt that has rewarded everybody except Nigerians...

Chinese loan sharks all over the place charging as much as 700% per annum on loans...Nigerian Govt rewarded them with GIS interface that allows them debit any account linked Via BVN to recover such insanely flawed interest bearing loan.

Now this is inaccurate...yes after 90 days the loan is classified as lost but does not automatically mean that interest stops accruing on the loan going by your contractual agreement with the loan app.

The CBN regulations stipulates that the interest after 90 days can no longer be classified as income on the books of the loan app because there's a chance they won't collect but doesn't say that interest won't accrue on the loan.

Calm down with the rant abeg!

Please #FACTCHECK before replying that's if you need to.

sweerychick:
funny enough they can't arrest her, owing a loan is not a criminal offense, max they can do is to flag her account, or seize any asset worth that amount she owes till she pays off.

But people arresting debtor in naija o

Report it to CBN, Nigeria don't have laws , their laws are for fancy because of high levels of corruption , Nigerian will collect bribe from Chinese loans shark and work against you the citizen even when the law is in your favour

Under Central Bank of Nigeria (CBN) rules, regulated financial institutions are permitted to charge a maximum penalty of 1% flat per month (not daily) on the unpaid overdue loan amount.CBN Guidelines on Late RepaymentsOfficial Cap: The CBN Consumer Protection Regulations stipulate that late payment fees cannot exceed 1% per month on the overdue principal.The Reality with Loan Apps: Many unregulated digital loan apps in Nigeria violate this directive by charging 1% per day (or higher rollover fees) on expired loans.Regulatory Stance: While these third-party loan apps may enforce exorbitant daily rates in their hidden terms and conditions, the CBN's regulatory caps still apply to legal financial dealings.What the CBN is Doing About DefaultsCredit Restrictions: The CBN has ordered commercial banks and authorized lenders to blacklist severe loan defaulters. If your loans are chronically overdue, you may be restricted from accessing new credit facilities, bank guarantees, and other specific banking services.Automatic Deductions: Through the Global Standing Instruction (GSI) policy, licensed banks are authorized to recover bad loan funds from any other active bank accounts or electronic wallets linked to your BVN.How to Resolve a DisputeIf you believe a bank or financial institution is overcharging you beyond the 1% flat monthly rate or applying an invalid rollover, you can take the following steps:Contact the Lender: Attempt to resolve the issue directly using their official customer support channels and cite the CBN Guide to Charges by Banks.File a Complaint with the FCCPC: The Federal Competition and Consumer Protection Commission is actively tasked with regulating digital lenders and protecting Nigerians from illegal debt-shaming and predatory interest rates.Escalate to the CBN: You can reach out to the Central Bank of Nigeria Consumer Protection Department to officially report a regulated financial institution for violating the Consumer Protection Regulations.

Why must you borrow such an amount when you don't have a source of income. Not just that, you borrowed to change your phone and buy new wigs, for what nah?

For guys to notice you and visit your Passport, you must be the most foolish person living right now

inforesource:
Then you will be looking for a ready-made man who will come and house this nonsense mentality. If that same money was used to buy TIP same period, you will be having almost N32Million today.

What's TIP?

Thank you Sonnobax15, God bless you so much.U borrowed money for useless lifestyle. Opay should collect their money back/drag her to court. Useless girl

The average Nigerian has this mentality of give me a loan and leave me alone.

Congratulations!