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Nairaland Forum / Nairaland / General / Business / FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps (43520 Views)
CBN Reduces Banks' Loan To Deposit Ratio From 65% To 50% / FG Approves 173 Loan Apps, Bars Illegal Online Banks / FG Shuts Illegal Online Banks, Freezes Business Accounts (2) (3) (4)
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Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by BluntTheApostle(m): 6:43am On Mar 15, 2022 |
nedekid: Do you know the meaning of payday loans? Is a 7-day loan a payday loan for everyone? What do you mean by exploit? You open your phone, searched the app, downloaded it. The applied for a loan, saw the terms and accepted. You had an option to reject it. No, you took the money. When it is now time to pat, you say you are exploited. It is exploitation when you take advantage of someone's predicament to cheat them. These loan apps became popular during the COVID-19 heightened periods. The operators know that many Nigerians are hungry, and that the government does not have effective welfare packages, so they came in to benefit from the situation. 2 Likes |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by 752hub: 6:43am On Mar 15, 2022 |
Haba no job and people are trying to make ends meet without killing or robbing and they are still being frustrated....what kind country is this. So if they close down online loan and banking app....what do you want them to do next ....is it not better to simple approach them to have an association and register for proper monitoring than close them down....haba |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by LZAA: 6:44am On Mar 15, 2022 |
Comedian2019:
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Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by BluntTheApostle(m): 6:47am On Mar 15, 2022 |
nedekid: May God never let you be in urgent need. Some of you lack empathy because God blessed you well enough so that you don't need to borrow. 2 Likes |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by BluntTheApostle(m): 6:51am On Mar 15, 2022 |
GloriousGbola: Continue from where they stopped? The day Nigerians will reason their matter, it will be worse than the violence of the EndSARS period. Why do you think that they don't disclose their locations? Because they know that there are many Nigerians waiting to treat their fuckups. How then do you explain those who have never defaulted, but defaulted once only to be defamed? 2 Likes |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by royal231(m): 6:53am On Mar 15, 2022 |
Please also kuda bank flutterwave.. Those virtual banks as well.. They are scammers bank.. |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by nedekid: 7:00am On Mar 15, 2022 |
BluntTheApostle:"May God never let you be in want" Amen! Most of you guys think "want" just falls from the sky. I assure you that everyone has their wants. You do and so do I. Difference if that I manage myself. I live within my means. I plan my finances prudently. What if those loan companies do not exist. Wount you have survived the issue that made you take their money? What emphaty do you deserve when it comes to taking loans and then finding pity for reasons why you cannot pay. Do you think the money fell from the sky? Don't you know it is an investors money? After all you had the option of borrowing from friends and family. What is the reason you did not take from them but rather went for a high interest short duration loan? Could it be that your relatives and friends wount not advance you the money because they know you will not pay them without a fight? Anyway, it is good gov has shut them down. Nigerians have to learn how to live with what they have. If you need loans, loan your self. |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by GloriousGbola: 7:00am On Mar 15, 2022 |
BluntTheApostle: have nigerians stormed all the betting shops? have wives stormed beer parlours that chop juniors school fees? let them go legit, or tick any of the boxes, dash fg tax money (all this admin really cares about) - and they will be even worse i noted something you missed. android is open. you dont need google play store to install apps do you think if the apps are removed from the store, but eveyone knows where they can be downloaded from, nigerians will still not go for them? sokoloan and co have been around for over a year now. no one can claim not to know their business model |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by ezighi: 7:01am On Mar 15, 2022 |
In the interim, the Commission admonishes all the businesses that were subject of regulatory intervention on Friday, March 11, 2022, to cease and desist the interest compounding and loan repayment/collection practices that are the objects of this investigation. “In the event that any of these businesses continue in any of this conduct, or the Commission receives credible evidence of such, violators will be subjected to the full extent of the law including prosecution without option of administrative regulatory resolution. “The Orders of the Commission are without prejudice to existing borrowers repaying any legitimate loans pursuant to fair and acceptable terms and conditions; or any modifications to previous terms and conditions that are considered onerous, inconsistent with prevailing law or general principles of transparency and fairness. PLEASE HOW DO WE UNDERSTAND THE ABOVE POINTS IN THE PRESS RELEASE? |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by GloriousGbola: 7:06am On Mar 15, 2022 |
nedekid: or because they are tired. a friend on this platform was actually laughing about this. a serial debtor in her office, after going through everyone in the office, then hopped on sokoloan. when the texts and messages started, this serial debtor paid up sharp sharp 1 Like |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by xxgig(m): 7:07am On Mar 15, 2022 |
tunjidare2:Truth is no body uses anyone has a guarantor, When installing these app, you grant them permission to your contact list and that's how they start harassing your contacts and sometimes you realize you don't even know rh the person but he or she has your contact. |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by BluntTheApostle(m): 7:10am On Mar 15, 2022 |
GloriousGbola: Your problem is lack of empathy. What concerns duly registered businesses with illegal ones? 1 Like |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by GloriousGbola: 7:15am On Mar 15, 2022 |
BluntTheApostle: i hope you also have empathy for all the nigerians who have lost money or gone destitute because they lent money to delinquents stop the pity train. everyone who takes a loan or borrows money is a poor desperate person at the end of their rope. you are way too old to be this naive. |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by tolue42(m): 7:22am On Mar 15, 2022 |
KingSatan: The loan sharks dey pay tax?? |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by TWOWAYMIRROR: 7:24am On Mar 15, 2022 |
Is piggyvest and Cowrywise among?. My 401,000 dey inside oo
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Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by nedekid: 7:28am On Mar 15, 2022 |
GloriousGbola:my painter nko, I was about to give him money to paint a car, just before I transfered he said I should avoid his usuall account, that he will send me a new account number. Funny thing was that I then got text message of his debt to one of the loan companies. I called him and expressed my fears sending him money based on the text I got. Do you know that guy within munites, rushed to make the debt payment? He had the money but refused to pay. Same thing with the young chap that approached me for a soft loan till month end when he gets paid his salary. I told him to take from loan app. He gave some inaudible excuses. 6 weeks later, nigger has not returned the money. Infact when he sees me, he acts as if we never had any transaction. |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by BluntTheApostle(m): 7:29am On Mar 15, 2022 |
nedekid: My brother, you have a lot to learn about life. I pray you don't learn the hard way. Yes, there are needs that fall from heaven, even if you live within your means. Think of a man who ran over a boy by accident. Within 7 hours, he has dipped into his miscellaneous funds, and before you know it, his savings have disappeared. The police are collecting their own shares too. Man runs to friends and families, but he is not able to get enough funds. Banks nko? They are taking too long to verify bank statements. What does he do? Think of another emergency. A man and his wife are living within their means. No debts. Suddenly, man slumps. Before you know it, man is diagnosed with kidney problem. Wife empties account. It is not enough. Wife runs to family and friends. No one answers or they don't gather enough. 2 Likes 1 Share |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by veekid(m): 7:30am On Mar 15, 2022 |
donem:happney65 |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by BluntTheApostle(m): 7:33am On Mar 15, 2022 |
GloriousGbola: See who is talking about naivety. So everyone who borrows money is poor? Dangote must be poor, then. 1 Like |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by Donshegxy10(m): 7:34am On Mar 15, 2022 |
Ademola47: firstly let them register legally, with a known address. Secondly, they should stop sending threat messages to contact list of defaulters. Lastly, let them get a sort of collateral that will give them leverage before lending people money. 2 Likes |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by Topshow2010(m): 7:36am On Mar 15, 2022 |
donem: Abeg .....what is their website o |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by GloriousGbola: 7:37am On Mar 15, 2022 |
BluntTheApostle: Are we talking about loans from banks or loans from apps? |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by nedekid: 7:37am On Mar 15, 2022 |
BluntTheApostle:Yes, unfortunate, unexpected incidents will always happen in life. But must you use it to affect another man's business? I assume all you wrote was to justify why in emergency you may take a loan. But does that justify not fulfilling your part of the bargain? If all the misfortunes of this world are after you, I guess the best bet is to get an insurance plan, rather than a loan. You hit persin, insurance go pay, your roof collapses, insurance oya. Lightning strikes, insurance to the rescue. |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by DavidEsq(m): 7:39am On Mar 15, 2022 |
NwaNimo1: |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by Nobody: 7:42am On Mar 15, 2022 |
WowSweetGuy: Which of them? Gokash or LCredit? |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by temptnow: 7:56am On Mar 15, 2022 |
LZAA: I abuse Keyamo himself daily on Twitter daily no Lele since January. I bombard Buhari Twitter account everyday no qualms. All Na scam |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by kennygee18(m): 8:02am On Mar 15, 2022 |
Be ready to provide collateral before accessing the loans. 1 Like |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by techWriter3: 8:16am On Mar 15, 2022 |
What is the predicament of loan apps who not yet to heal their loan |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by GloriousGbola: 8:21am On Mar 15, 2022 |
BluntTheApostle: I am. An engineer. Years ago on a project we were running, this contractors worker died in an accident. He was immediately in trouble and all of us had to chip in to lend him money to get out of the issue. We never heard from him and never got our money back. Three years later we met him on a different project. The man was clearly back on his feet and doing well , but he had never called any of us to pay us back. I made sure I got my money from him. And believe it or not, the guy started running around telling everyone i was wicked for taking my money back from him. We all have these stories. We all know what's up. We all see it every day. |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by donem: 8:23am On Mar 15, 2022 |
Topshow2010:Just to download the app on Google play store |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by ALLNIGERIANSMAD(m): 8:25am On Mar 15, 2022 |
ademidedavid:you need to borrow sense cos you have non, people stay on their own, these loan people keep disturbing them on all social media, tempting them just to gain access to their financial status and rub them. 3 Likes |
Re: FG Orders Google, Apple To Deactivate ‘illegal’ Online Banks, Loan Apps by Nobody: 8:27am On Mar 15, 2022 |
Walkee:Don't cum on empty orders that your Zoo of a country makes. Nigeria no get respect sef. I think its more of ignorance. A miserable third-world country is ordering a first-world country |
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