⚖️ The Truth Loan Apps Don't Want You to Know

Many online loan apps operating in Nigeria are NOT licensed financial institutions. They operate outside the law, using intimidation to recover money. If any of these cases go to court:

Their interest rates are often illegal (exceeding CBN limits)

They have no valid contract that holds up in court

They violate privacy laws (GDPR/NDPR) by contacting your contacts

They cannot prove you agreed to their hidden terms

That is why they bully you instead of suing you. They know they will lose.