Good day, guys,

Please I need everyone's opinion on something urgently. Recently, I needed money to complete payment for my fees I asked around but I was referred by friends to try a loan app. The name of the app is BorrowNow, I registered and I took a loan of 14,000 naira from them to pay back 23,000 in 7 days. The interest rate was too high but I needed the money so I took it.

Thankfully I was able to pay back before the due date and my credit limit was increased to 32,000 naira. I did not need it for anything so I did not apply. Few minutes later I got a credit alert of 20,000 naira from my bank and a text from them saying I am to pay back 32,000 naira in 7 days.

I went through the review of the app on play store and I realised I was not the only one with this issue. A lot of people said after they pay back their loans, they are given loans again without applying.

I sent messages to them but there was no reply so I did not spend the money. Now the loan is due and they are threatening me to pay back the 32,000 naira else they would arrest me, send messages to my contacts and also send my pictures to media houses and post it on social media that I'm a fraudster running away with their money.

I did not take their threats seriously because I know my rights and I know a 50% interest on a 7 days loan is insane. Only for me to see an email from NIMC this morning saying that if I don't pay within twenty four hours they would send my picture and other information about me to media houses and also on social media.

I don't know if I can post a copy of the email here but I am scared. Is NIMC really working with this people or they are just bluffing. Please I don't know what to do I've not been myself since yesterday, I've not been able to sleep or eat I even have an exam this morning but I don't know if I can sit in that exam hall for hours without knowing what is happening and be at peace.

Please somebody should tell me what I can do��.

Only for me to see an email from NIMC this morning saying that if I don't pay within twenty four hours they would send my picture and other information about me to media houses and also on social media.

wetin concern NIMC with money lenders?
someone out there is playing mind-games with u.

My question is why didn't you liquidate the money immediately when you received it. By keeping the money you might have become complaisant. Again what's your plan keeping that money.

Make una flee from all these loan sharks na, everytime na one story or another.

Let them go ahead. You don't kill a debtor. Did you tell them you won't pay?

They use bulk sms to send the mail. Send them back there money and email NITDA narrating that happened in details. If they have an email address, put them on copy of the mail. They are mad

Noting like nimc for loan app,abeg spend d money, they are just threaten for noting, don't b scared of them, noting dem go do,na so sokoloan do wey fg bill dem 10m

Na loan wey you no collect them want make you dey pay

Wahala wa

Bakerdav:
Noting like nimc for loan app,abeg spend d money, they are just threaten for noting, don't b scared of them, noting dem go do,na so sokoloan do wey fg bill dem 10m

Cronic loan app debtor spoted.

With people like you, no loan app will survive Nigeria.

As much as you can, and as much as you can try

NEVER EVER PATRONIZE ANY LOAN APP

They are not working in your interest and unfortunately CBN is not regulating their excesses..


Even though Most Nigerians are chronic and bad debtors. How on earth will you charge 18% interest in 7 days? If I get what can pay me 18% in 7days will I need money from them?

How much is the MPR ratio for this country for God sake.

The top guns in CBN are in bed with these loan sharks that this why they have the audacity for these brazen daylight robbery taking place in this country

Share the email you received from "NIMC" also include the email address (remember to conceal your personal details) . I need to confirm something

Where the name of the app.

endsarrrs:
Cronic loan app debtor spoted.

With people like you, no loan app will survive Nigeria.

beni sir ,u r among soko staff with ur night interest and u want pple to pay u back 7 to 15days ,na so dem dy pay loan,Nigeria self dy in debt,if I should b in charge of govt,will bar them permanently, u pple don't encourage customers to pay u back on time

Let us see a screenshot of the NIMC message to verify its authenticity.

FalseProphet1:
Where the name of the app.

The name is “BorrowNow"

Uwanah15:

The letter looks fake, NIMC's address is Sokode not Sodake.
However, tap the "NIMC Official" let's see the email used in sending it.

DoggoneDogg:


The letter looks fake, NIMC's address is Sokode not Sodake.
However, tap the "NIMC Official" let's see the email used in sending it.

Okay I will do that and send the screenshot�

DoggoneDogg:


The letter looks fake, NIMC's address is Sokode not Sodake.
However, tap the "NIMC Official" let's see the email used in sending it.

The email used is officialnimc4debtrecovery@gmail.com

I even sent them an email but I have not gotten any reply. Same thing that happened when I got the credit alert. I sent them an email saying I did not apply for it and I would like to send it back immediately but there was no reply. Somebody said they would call my contacts but I read to prevent that I should deny all the app permissions and uninstall it. Maybe that is why they have not called anybody.

Uwanah15:


The email used is officialnimc4debtrecovery@gmail.com

I even sent them an email but I have not gotten any reply. Same thing that happened when I got the credit alert. I sent them an email saying I did not apply for it and I would like to send it back immediately but there was no reply. Somebody said they would call my contacts but I read to prevent that I should deny all the app permissions and uninstall it. Maybe that is why they have not called anybody.

Very fake. The email has to be @nimc.gov.ng to be authentic.

Rest your head, their money don enter voicemail.

Uwanah15:
The name is “BorrowNow"

You can even sue them for forging the signature of the director of NIMC.

The email is fake, NIMC doesn't have business with an unauthorized loan app, they're just threatening you to make payment that's all.

If you have money pay them, if you don't have at the moment, request for more time.

Imagine wetin “legal” apps dey do…. Everybody na thief for this country