Never trust loan app companies with your biodata. Many of them are criminally minded

Never Trust Loan App Companies with Your Biodata — Many Are Designed to Sell Your Data

Before you download any loan app and submit your personal information, you need to watch this video.

Many digital loan apps in Nigeria collect sensitive personal data, including:

Your contacts

Your phone number

Your BVN

Your photos

Your messages

Your personal details

But what happens to your data after you submit it?

In this video, we expose the hidden truth about how some loan apps misuse borrower information and how your data can be used against you.

This discussion is based on borrower protection guidelines and regulatory oversight from the Central Bank of Nigeria, the Federal Competition and Consumer Protection Commission, and the Nigeria Deposit Insurance Corporation.