Скачать или смотреть Know your law - Harassment by Loan Apps Is a Crime

Digital lenders in Nigeria must be licensed under state Money Lenders Laws (e.g., Lagos, Rivers, Kano), with Lagos capping interest rates at 1% monthly. Many apps impose illegal rates and use abusive tactics. The Federal Competition and Consumer Protection Commission (FCCPC) prohibits harassment, defamation, and unauthorized access to borrowers' contacts under Section 17 of the FCCPA 2018. Debt recovery must go through legal courts—not threats or online shaming. Unlawful actions like property seizure or humiliation may violate the Criminal Code. Borrowers should verify lenders’ licenses, know their rights, and report abuse to the FCCPC.

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