NGRsenate:


I think you should get the police involved but before you do that, if you know any local leader that the money lender fears, you can go and talk to him.

alryt, thanks

NGRsenate:
Ha
What’s going on?
That’s a brutal scam!
If my math is correct, the money lender is set to make 221% profit!

yes, i think

Amanee:
What was your father thinking
The interest rate is crazy

I don't no

lovelybugs:
Wow Did he sign any legal papers?

No he didnt

I have always been a ghost nairalander until i created this account solely for this post. I would deeply appreciate if it makes front page.
It started sometime last year whille i was in school, my dad was in need of money and his friend introduced him to another friend who was an agent of a money lending cooperation inwhich my dad obtained a loan of 200k with a monthly interest of 22k monthly. my dad has been paying this said interest of 22k monthly for the past 10 months consecutively without fail. I got to know of these and I advised him to inquire from the said agent if there is any way we can be paying the capital instead of continuing paying the intrest wich we have clearly paid above the capital in jus 10 months.The response he got was that he has to pay the present month intrest of 22k and the whole 200k together. The thing is things has been on the rough sides and I know how hard my dad labours to pay this intrest monthly which Is not deducting anything from the capital. This all happened last week. This week the said agent and the owner of the cooperation came to our home and made threats of locking up my dad and selling some of our property to recover the money.
They say a problem shared is half solved so dear nairalanders, I need your advice.

I have always been a ghost nairalander until i created this account solely for this post. I would deeply appreciate if someone helps me post this nd it makes front page.
It started sometime last year whille i was in school, my dad was in need of money and his friend introduced him to another friend who was an agent of a money lending cooperation inwhich my dad obtained a loan of 200k with a monthly interest of 22k monthly. my dad has been paying this said interest of 22k monthly for the past 10 months consecutively without fail. I got to know of these and I advised him to inquire from the said agent if there is any way we can be paying the capital instead of continuing paying the intrest wich we have clearly paid above the capital in jus 10 months.The response he got was that he has to pay the present month intrest of 22k and the whole 200k together. The thing is things has been on the rough sides and I know how hard my dad labours to pay this intrest monthly which Is deducting anything from the capital. This all happened last week. This week the said agent and the owner of the cooperation came to our home and made threats of locking up my dad and selling some of our property to recover the money.
They say a problem shared is half solved so dear nairalanders, I need your advice.