May CBN not happen to us. The issue we have is that even the so-called microfinance banks, which are supposed to set standards for other money lenders, have started charging very high interest, up to 248% per annum. Our solution is to overhaul the policy.

Fairmoney Loan: ₦3.3m Naira to pay  ₦11,687,130 Naira in 24 months. May CBN never happen to us