FG moves to Ban Some Loan Apps in Nigeria.

As Nigerians groan in Pains of Exploitation by these loan sharks.


Promises to Forgive Buhari, if checked as Suicide rates increases from loan defaults.

Many people on social media have reacted to the news that the federal government is set to enforce the right of Nigerians following the illegal actions of online loan lenders.

According to some reactions sighted that if the federal government fulfills its promise in regulating the money lending companies, all past sins would be forgiven.

Some loan apps have been making life frustrating for some Nigerians through their illegal tactics on money recovery. Most of the guilty loans apps go about the recovery in criminal ways according to many reactions sighted .

Some also invade their customers’ privacy, a move the FG is strongly against. In fact, some Nigerians have even contemplated taking their own lives over the actions some of these money loan apps.

We will forgive Buhari if he bans loan aps.
Nigerians have vowed to forgive President Buhari if his government can ban loan apps. 

Here are reactions from Nigerians:

Do you have a groundbreaking story you would like us to publish? Please reach us through info@corp.legit.ng!

Read also

You’re saying wealth won’t come to you: Bolanle Olukanni tells those that think most rich people do fraud

Iangbanger Mark Saater

“Best news from federal govt. So far. Imagine say Buhari borrow from those apps now, they will send messages to all d countries of the world, telling them?”

Amadi Ephraim Dcruxy

“I wish FG can carry out actions on this one, especially that nonsense sms they do send to there clients contacts.”

Nkeiruka Ogolo

“That will be very nice thing to do them. Some of this LOAN APPS are devilish. They are out to ruin people’s reputation especially that 9Credit is the worst of all and some others too. Pls don’t waste time to do that.”

Okoli Amarachi Favour

“Good for them! They are scammers. God punish them.”

Jimmy Isaac Anthony

“Best thing ever done by this present government.”

Lawal Musibau Olajire

“A right step in the right direction. They should even be banned and their sources of fund be verified for genuineness.”

Oluwagbemiga Abimbola Tajudeen

Read also

Ohanaeze, Afenifere commend FG’s resolve on Kanu, Igboho, Give more advice

“That would be the best thing this government has done ever. Dey even sent pictures through WhatsApp of dey person owing Dem.. Those people are bad. God punish Nariaplus and 9credit.”

Muhammed Samusideen Olaitan

“Good development, those guys are really overdoing things.”

Bakumor Kej Pedro

“Very unprofessional set of people invading peoples privacy. This useless Lcredit.”

Nawe Therunam

“FG you can do it, please hold on to your word. If government can do things like this, we for no the quarrel with them.”

FG to punish NowCash, 9credit, other loan apps over data breach

Recall that Legit.ng had earlier reported the federal government of Nigeria is set to punish lending companies like NowCash, Sokoloan, 9credit over data breach.

This was disclosed by the National Information Technology Development Agency (NITDA) in a press statement.

The agency says it has received over 40 petitions from members of the public on the personal data abuse of some lending companies.



Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More