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Nairaland Forum / Nairaland / General / Business / FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms (34975 Views)
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FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by dre11(m): 7:53am On Aug 19, 2022 |
*As FCCPC develops framework, guidelines for digital lending By Yinka Kolawole https://www.vanguardngr.com/2022/08/fg-blocks-mobile-payment-telecoms-network-access-to-online-loan-firms/ 16 Likes 2 Shares
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Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by Jack005(m): 7:54am On Aug 19, 2022 |
M 2 Likes |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by pacesetting: 7:54am On Aug 19, 2022 |
Most of these loan sharks are criminals. The government needs to look into their activities properly. Imagine one of the so-called loan sharks worker called me yesterday, complaining about one of my contacts that borrowed money. I called the contact later to get more info. It turned out that he borrowed 15K to pay 23k in one week. Just imagine the rip-off. On top of that, he asked for one week extension, but was denied. This is not how loan firms operate in other countries. Their policies, interest rates, and debt recovery methods are something else. 266 Likes 12 Shares |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by Promisesmiling(m): 7:55am On Aug 19, 2022 |
Nna Ehen ... atleast all those their harrassment calls go reduce, person go use my number as contact na me the come the disturb ... i don block taya. 95 Likes 2 Shares |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by Parachoko: 7:58am On Aug 19, 2022 |
Good news 28 Likes |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by Fkmodhi: 7:59am On Aug 19, 2022 |
Our loan brother would be proud... 35 Likes |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by crestedaguiyi: 8:00am On Aug 19, 2022 |
inside life. what happens to their outstanding debt cos i owe 2 of them 86 Likes 5 Shares |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by JASONjnr(m): 8:04am On Aug 19, 2022 |
How will they recover the money from their debtors? FG and their useless policies.... The loan companies aren't a bad option. But the percentage given is the problem. How can you loan company 300k and will have to pay back 500k.. And when you can't pay it off... they begin to add to it... Why? Anyway, I should've collected a loan before they blocked them. 80 Likes |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by fiizznation: 8:04am On Aug 19, 2022 |
NairalandFrontPageMod(nlfpmod). Lol, I used to wonder why OP's are always tagging him on their threads. Now it makes sense 5 Likes 1 Share |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by CriticMaestro: 8:09am On Aug 19, 2022 |
A guys phone had over 50 loan apps who he actually collected loan from and refused to pay, after he got tired of the phone and the blackmailing messages being sent to his contact, he changed the phone and got a new sim 15 Likes 2 Shares |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by AntiBMC(m): 8:10am On Aug 19, 2022 |
Ewwee . This one sweet me. First tym ever to wake up to better news in this Country. That Soko Loan is the worst lending platform ever. The other day, I read they created the obituary poster of one of their patrons...just because he missed his repayment date by a few days. O wrong na. 38 Likes 1 Share |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by tamdun: 8:12am On Aug 19, 2022 |
JASONjnr:They should go thru proper channel and stop giving loan to every Tom,dick and Harry, anyone can steal ur phone and get a loan from them, the worst part is once u allow them access to ur contact, they'll start harassing everyone on the contact list 36 Likes 1 Share |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by stabilizer: 8:14am On Aug 19, 2022 |
My dad told me about this in the begining of last month. Na wa oooo 1 Like 1 Share |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by xristos(m): 8:33am On Aug 19, 2022 |
sweet news to my ears.. i'm no more shocked.. my sig. |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by midehi2(f): 8:34am On Aug 19, 2022 |
Paystack is my favourite in terms of online payment 6 Likes |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by Diligent1(f): 8:34am On Aug 19, 2022 |
, |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by yuzjet(m): 8:35am On Aug 19, 2022 |
Really? |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by Kobicove(m): 8:35am On Aug 19, 2022 |
I don't blame these loan apps for their loan recovery tactics cos Nigerian debtors can be so annoying. Personally for me if you like beg me for a loan with tears of blood in your eyes, I no go gree give you 32 Likes 2 Shares |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by vastolord4(m): 8:35am On Aug 19, 2022 |
Just to make life harder |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by Elove1: 8:36am On Aug 19, 2022 |
That still doesn’t change the fact that there are 49million kangaroos in Australia and 3.5million people in Uruguay which means if the kangaroos were to invade Uruguay each person will have to fight 14 kangaroos 32 Likes 3 Shares |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by Dja1(m): 8:37am On Aug 19, 2022 |
you say what happens to their outstanding debt cos i owe 2 of them[/quote] 12 Likes
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Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by OSUigboFlatHead(f): 8:37am On Aug 19, 2022 |
Good. All these mad loan shark people don disgrace some people generation 1 Like |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by Bullet01(f): 8:37am On Aug 19, 2022 |
Bubu blocking only means of survival of employed youths. Making life more difficult for us. I have friends who are affected by ASUU strike that borrowed from some of these loan sharks as a means of survival. 1 Like |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by ybalogs(m): 8:38am On Aug 19, 2022 |
JASONjnr:The problem I actually have with them. A loan of 7k has reached 89k and still counting just cos a friend didn't pay on time. How will a person that can't pay 7k pay 89k? 69 Likes 2 Shares |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by xeratek: 8:38am On Aug 19, 2022 |
Sad news to borrowers. Sometimes those Loan sharks dey really help 7 Likes
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Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by OneMillionBTC: 8:39am On Aug 19, 2022 |
Loan sharks started because the institutions established to give loans are not functioning. You have been banking with XYZ bank for the past 10years yet they can't give you a loan of 100k. You will fill forms, write application letter, visit the bank and yet they will tell you they can't give you loan of 100k even when your yearly volume is 2M except you have a landed property as security. Do you have a salary account with us? Meaning only salary account owners can access loans easier. Do you know the percentage of salary account owners in Nigeria to the general populace ? It is fraud if you ask me, that the banks collect monies from CBN on the ground that they want to give out loans to Nigerians only to use the money for their branch opening and personal business. CBN too is terrible, they can't enforce loan policies on the banks and ensure it gets to the citizens. If bank loans are accessible to Nigerians, No one will use these loan shark with their ridiculous interest rate. This means FG is fighting the wrong fight, no need for all these, Nigerians need loan, they can even use the loan sharks for these services if the banks are failing, just regulate their interest rate and how they embarrass defaulters. 65 Likes |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by chaseblack(m): 8:39am On Aug 19, 2022 |
Lies, same loan apps that want to finish me with 'you have a loan offer' on WhatsApp. How can you borrow me 50k and expect me to pay 70k within a week? Even the most astute business man can't make such profits. It only means one thing, they know people won't be able to pay back, so if they don't the money keeps increasing, before you know it, in two weeks you would have been owing 100k on top 50k loan and a lot of blackmail. That's the biggest and most fraudulent rip off, these loan apps are scammers and a cheat shouldn't complain if someone beats him to his own own game! 21 Likes |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by VeryWickedMan: 8:42am On Aug 19, 2022 |
Be like say Sokoloan recently identify the Minister as a wanted criminal on the run with company funds 20 Likes |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by Chomsky1967(f): 8:42am On Aug 19, 2022 |
Hello, my name is ... my phone number is 86, my BVN is 0, my family is dead, I need your help now, please call me back quickly, I need you to come Help me dig graves for my family, now they are all rotten and smelly, God told me yesterday to give them the grace to go to hell, so please come and help me, I still owe CashMap money not paid , please help me repay this loan, if you refuse to help me, then your whole family will be sent to hell by God. That's the crazy message they sent me about someone on my contact 9 Likes |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by etrouble: 8:44am On Aug 19, 2022 |
It's going down |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by NotKnown: 8:46am On Aug 19, 2022 |
Okay na. Christmas came early for those people still owing. All I can tell anyone owing them is that don't pay. Nothing go happen. Those people who say if you can't pay, why borrow, remember that this guy's are operating illegally and fraudulently. So it's now a case of cunny man die cunny man bury am. 25 Likes 3 Shares |
Re: FG Blocks Mobile Payment, Telecoms Network Access To Online Loan Firms by chaseblack(m): 8:46am On Aug 19, 2022 |
OSUigboFlatHead: Bubu is doing you a huge favor, i admit loans should be easily accessible but these loan sharks are rip off 9 Likes |
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