OKash is a licensed entity, but its operational practices align with the mild loan category. Despite being CBN-licensed, user reports indicate aggressive recovery tactics, and the effective cost of borrowing is very high

Do not make partial payments. If you pay OKash gradually, the following occurs:

Funds applied to fees first: Your payments go entirely to overdue interest and late fees before touching the principal

Debt cycle resets: The "performing" status resets, causing daily interest to continue compounding

Principal remains untouched: Your original loan balance stays unchanged while fees accumulate

Extended harassment: Partial payments signal to the lender that you are a reliable source of continuous fee generation

Cease all payments immediately if you are being harassed or if the debt has ballooned beyond the original principal.

If you must engage with OKash due to regulatory concerns (e.g., fear of BVN blacklisting), the only viable option is:

1. Save for a lump-sum settlement—do not pay incrementally
2. If you must pay call and negotiate with them before you proceed with payment
3. Contact customer service at okash@blueridgemfb.com or 02018884549  to negotiate a settlement agreement in writing
4. Pay only the full agreed settlement amount at once

If OKash operated as a true safe loan app (like a fully compliant CBN-licensed bank with ethical collection practices), paying gradually would still be counterproductive. Payments would first satisfy late fees and interest before reducing principal. The advised strategy would be to cease payments until a lump-sum settlement can be negotiated. However, the fundamental difference is that a true safe lender would not engage in harassment, defamation, or privacy violations

Summary: Strategic Position with OKash

Partial Payments: Do not make them. They only cover interest and fees, resetting the debt cycle

Full Repayment: Consider carefully—users report continued calls even after full repayment 

Harassment: Do not pay. Document and report to FCCPC immediately

Privacy Violations: Do not pay. File complaint with screenshots to FCCPC and on our platform

Negotiation: If you choose to pay, insist on a lump-sum settlement in writing

Recommended Action: Block their numbers, document all harassment, file regulatory complaints, and cease payments until a fair settlement is offered