There are two major loan sharks in Nigeria operating and defrauding people through what I'll call shady lending which is created to steal from the innocent Nigerians who are looking for a loan without collateral.

The activities of most loan companies have remained unchecked by loan regulatory bodies in Nigeria. As a result of this, different loans companies are now using that opportunity to reap innocent Nigerians their money by taking advantage of their predicaments for their own selfish interest.

These unchecked activities of these loan sharks have been giving me the cost to worry, not until recently when I read a very heart touching story of a young man that fell into the trap of these loan sharks which almost destroyed his life.

You can read the story of the young man from nairaland. I was so touched that I had to write about all the loan sharks in Nigeria so that I can help innocent people from falling victims or prey to these loansharks defrauding people of their hard-earned money.

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https://www.deloanspot.com.ng/2021/10/loan-sharks-in-nigeria-avoid-such.html