₦airaland Forum

Evaress:
Because you are a hor*ny thinking man doesn't mean all Men are like you. Some men are strictly professional in their business and don't reason same way as you

NIGERIAJAGAJAGA:
Who stand as guarantor to Nigeria when they borrowing all these loans pls.

mslukasthomas99:
A guarantor is a third person who enters into a loan agreement to provide financial security to a lender who lends you money by promising that they will discharge the debt in case of default. Speaking broadly, a guarantor guarantees against default, and if you still fall behind on the payment, the guarantor would be obligated to settle your dues.

A guarantor could be anyone, your friend or parent, as long as they have a decent credit report. A lender would ask you to arrange a guarantor in the following circumstances:

• Your credit history is not stellar.

• Your income is not stable, or you are on a low income.

• You are deemed to be a high-risk profile because you already owe some debt.

There are consequences of being someone’s guarantor. In case the borrower fails or refuses to settle their debts:

• You will have to discharge their loan. However, this happens when all means of recovering money from a borrower have been exhausted.

• Your credit score will be impaired. This will affect your borrowing capacity down the line. Not only will you be restricted from borrowing a large amount of money, but you will also be charged high interest rates.


How can you have your guarantor removed from a loan agreement?

Guarantors are not particularly required for small emergency loans. In fact, even if you are applying for loans without a guarantor from a direct lender, approbation is not complex.

Things become complicated when you are borrowing a large amount of money. For instance, if you are looking to secure a mortgage or a car loan, you will have to arrange a guarantor. No friend would ever feel inclined to be your guarantor, as they cannot trust your repayment capacity, and if you ask your parents to become your guarantor on a mortgage, you are tying them to it for a very long period of time.

They would not be able to make most of the financial decisions, as they would have to set aside a sum of money for your mortgage settlement if things go south. They might be wondering if they should have their name removed from the loan agreement.

Well, is it possible for a guarantor to remove their name from a loan agreement?

It is not easy for a guarantor to have their name removed from a loan agreement. It is worth noting that a guarantor was involved on certain grounds. It is likely that your credit score is still poor or your income is still low. On no account will a lender remove a guarantor’s name from a loan agreement if a borrower’s situation is still the same.

Further, it is not like you have put in a request to have your name removed as a guarantor, and your lender will remove it. A loan agreement has been made. You will be legally bound by a loan agreement as long as it lasts. Here are the common scenarios when you can have your name removed from a loan agreement as a guarantor:

• Loan refinancing

When you apply for a mortgage, you will be put on a fixed interest-rate deal for two or three years, depending on the policy of a mortgage provider. As you are close to the end of the fixed-rate period, you can refinance your mortgage either with the same lender or a different lender.

Refinancing will help you qualify for lower interest rates, as your credit score must have improved by then by making payments on time. If your lender asked you to arrange a guarantor due to a low credit score, your lender will not ask you to arrange a guarantor this time. This is because your credit score has improved.

Since refinancing a mortgage means closing your existing mortgage, your contract comes to an end. Your guarantor will be completely free from all kinds of obligations.

• Borrowers’ creditworthiness has improved

If you want to have your name removed from a loan agreement as a guarantor, you will have to ensure that the grounds for the requirement of a guarantor no longer exist. For instance, if you had to arrange a guarantor as your credit score was abysmal, your guarantor cannot have their name removed unless it has improved.

A credit score improvement takes some time. You will have to pay down your mortgage on time. Make sure that you do not miss any repayment. Once you have improved your credit score, your guarantor can request that the lender remove their name.

However, even though your credit score has improved, it might not always be possible for a lender to remove your guarantor’s name. Most of the time, a lender will expect to refinance your mortgage. Some lenders might ask a guarantor to sign a document that releases them from their obligations.

• Replacement by another lender

Sometimes a lender can't remove your guarantor even though your financial condition has changed. This is because all parties are legally bound by the obligations of the contract until it comes to an end.

If your existing guarantor is indisposed to act like a guarantor, you can think of replacing them with someone else. Your lender will be willing to remove your existing guarantor only when you have another one.

• Legal intervention

Legal intervention is very rare. It happens only when a guarantor was not completely aware of the consequences at the time of entering into a loan contract. If they prove that facts were misrepresented, or they never entered into a contract with full awareness, they can have their name removed from the loan agreement.


The final word

It is not easy for a guarantor to have their name removed. While there are some ways to do so, the most convenient method is refinancing a loan. It is advisable that you should not act as a guarantor for long-term loans. Make sure that you are completely aware of the repercussions of acting as a guarantor.

lordm:
Why?
Pidgin English should be number 1

Wickedfacts:
The girl said it doesn't sit right with her.

Dzzzz:
If you look more comments,you go see the fools dem Dey drop this lamba for inside here..

Dzzzz:
Congrats to Nigeria,For the release of the kidnapped teachers and pupils BUTTTT if na by this thing wey I just read now,then Nigerian Army still have a lot to explain cause na total rubbish,I just read now..

meobizy:
Everybody na professional for woman affairs for Nairaland. Who then are the men simping for women in the real world?

Enddy50ty:
All thanks to Azerbaijan 🇦🇿 😂

Plight21:
You must be a banker.

flexyrule:
The transfer probably failed and was awaiting reconciliation by NIBSS.

But 2 weeks?

Someone somewhere didn't do their job.

Everyday247:
Bro didn't write this himself. This is chat GPT slop. He prompted Ai to generate this in pidgin and then copied and pasted.

Ofunaofu:
Defence Minister Christopher Musa has urged Nigerian youths to take the lead in tackling insecurity, saying security agencies alone cannot solve the country’s challenges.
Christopher Musa says Nigerian youths must play a leading role in tackling insecurity.

He stressed that security is a collective responsibility, not the duty of security agencies alone.

The minister urged youths to support security efforts through vigilance, innovation and community engagement.

Musa said empowering young people is key to addressing the root causes of insecurity.

The Minister of Defence, retired General Christopher Musa, has challenged Nigerian youths to take a leading role in the fight against insecurity, saying lasting peace and stability cannot be achieved by security agencies alone.

Musa made the call while addressing young Nigerians at a public event, where he stressed that the country’s youth population remains its greatest asset and must be actively involved in efforts to tackle security challenges affecting communities across the nation.

According to the minister, insecurity has continued to pose a major threat to national development, with issues such as banditry, kidnapping, terrorism and other criminal activities affecting lives and livelihoods in different parts of the country.


He said young people have a critical role to play because they are often closest to their communities and are well-positioned to identify suspicious activities and share useful information with relevant authorities.

Musa emphasised that security should not be viewed solely as the responsibility of the military, police and other security agencies, noting that every citizen has a role to play in protecting the country.

The defence minister urged youths to embrace patriotism, community service and civic responsibility, adding that greater collaboration between citizens and security agencies would help strengthen efforts to address security threats.

He also encouraged young Nigerians to use technology, innovation and social networks positively in supporting national security objectives rather than allowing such platforms to be exploited by criminals and those seeking to destabilise society.

According to him, meaningful youth engagement remains one of the most effective ways to address the root causes of insecurity, including unemployment, social exclusion and vulnerability to criminal recruitment.

Musa further stated that empowering young people through education, skills development and economic opportunities would help reduce crime and create a more stable society.

The minister reiterated the Federal Government’s commitment to improving security across the country but stressed that government efforts alone would not be sufficient without the support and participation of citizens.


His comments come as Nigeria continues to battle various security challenges in several regions, prompting renewed discussions on the need for a whole-of-society approach to tackling insecurity.


The defence minister maintained that with the energy, creativity and numerical strength of Nigerian youths, the country possesses the human resources needed to overcome many of its security challenges if properly mobilised.

He therefore called on young Nigerians to rise above divisions and contribute actively to building safer communities and a more secure nation.

https://www.pulse.ng/story/christopher-musa-challenges-nigerian-youths-to-lead-fight-against-insecurity-2026061116455602486

babaidan:
Good evening everyone.

I need advice regarding a house I recently rented through an agent.

I have not stayed in the apartment for up to 3 days, but I have discovered a major problem that is seriously affecting my work and income. There is virtually no mobile network inside the house. MTN, Airtel, and Glo all fail indoors. I have tested multiple phones and networks in every room, including the parlour, kitchen, and bedrooms.
The only way I can get a little signal is by opening the door or going outside. As I write this, my younger brother and friend are outside late at night trying to get network access. I also use several phones and a laptop for my work, so this issue has already affected my productivity and earnings.
The building is relatively new, and this problem was never mentioned by the agent before I paid. Had I known that there was no usable network inside the apartment, I would have seriously reconsidered renting it because my work depends heavily on internet access.

My questions are:

If I report this to the landlord and agent and they refuse to refund my money or provide a solution, what are my options?

Can such a matter be reported to the police, or is it strictly a civil matter?

Does this situation give me any legal grounds to seek a refund or compensation, considering I discovered the issue almost immediately after moving in?

I would appreciate advice from anyone who has experienced something similar or has knowledge of tenancy and property matters in Nigeria.

Thank you

TheBTCinvestor:
My ride just landed after a grueling 5 months wait from Carlifonia USA. Spent a Lotta time at Freeport Texas ports for 2months because of Grimaldi delays at that port. Omo special thanks to Gimporters I met on Nairaland that I blindly trusted and he delivered. Haven't met him b4...Very credible guy....This car is very very fast and it pops and bangs and turns heads....damn! Nothing beats a German machine..... the way babes dey turn heads as I dey pass eh..dey fear me lol..

Kuginzi:
https://dailypost.ng/2026/05/31/nigeria-too-great-to-be-intimidated-by-insurgents-first-lady-oluremi-tinubu/#google_vignette

Rapmoney:
Noisy neighbours with their surplus children. You nor fit sleep during daytime, even on weekends! You could only sleep at night when the noisy kids of the noisy neighbours would be sleeping.

Counterigbolies:
team online dangote dangote AKA nothing is enough

Many of una no get reach 5k for account but no money is ever enough

LordBiden:
What kind of bullshit post is this?

You earn 1m monthly and still don't have up to 3m in savings?

madridguy:
Even though the strike against the terrorists is a welcome development, I'm still not happy that despite the fact we have been fighting insurgency for over a decade now, we are yet to be inspired to create or build weapons to fight them.

By now the FG should have been busy sending our engineering students to countries like China, US, Iran, Turkey, Israel and Russia to learn how to build drones and other gadgets instead of spending billions every year to buy.





I stop reading when you type we are not yet inspired to create or build weapons.. lol

Have we ever done anything right in this country.?

The FG should also work on our borders.

God bless Nigeria.

EponObi:
Report on Bybit. Also post on X.

Something I do is if I trade with someone and the deal goes smoothly, I favorite their account and make them my go-to dealer. If they are not available or don't have liquidity, that's when I use the search function. If you deal P2P a lot, have go-to dealers.

sleek214:
Is anyone stopping you for taking your family abroad? Stop hating, hustle hard and live the good life. Not everyone is daft to vote for the Fraudulent Obi.

Couldntfigurean:
who be this mumu
Because you dey repost cars wey you screenshot online or even dey into car scam,you think you are better than me?

Kevineleven:
Don't know about you
I once met a girl and bleeped her same day because of a fake gold chain that I was wearing, all it cost was a transport from her location to my home 500
Well prepared indomie, fried egg and coke 1k
Another 500 for her tfare back home.
Total = 2k