Senior Pastor of Dunamis International Gospel Centre, Dr. Paul Enenche, has warned Nigerians against patronising online loan apps, describing them as “agents of the devil in covenant with the spirit of debt.” Speaking during Sunday’s service in Abuja, Enenche expressed concern over the rising cases of depression and suicide linked to the operations of loan…
A popular loan app has ignited controversy on social media by publicly posting photos of 87 debtors who allegedly failed to repay their loans. The incident came to light through a series of videos uploaded to TikTok, where the app shared the debtors’ pictures across three separate posts. Each video carried the caption: “Please settle…
The digital lending market in Nigeria continues to attract new players driven by the large pool of underbanked Nigerians seeking quick and collateral-free loans. Aside from the hundreds of unregistered loan apps still operating illegally in the country, the number of digital lenders who had registered with the Federal Competition and Consumer Protection Commission (FCCPC)…