Lawyer Advises Nigerians on How to Handle Loan Apps That Harass Them While Demanding Repayment

A Nigerian lawyer has shared how people can handle threats from loan apps, while sharing what most people do not know about such apps.

She stated what Nigerians could do when faced with threats and harrasment from loan apps.

Lawyer shares how to handle loan apps

On her Facebook page, Confidence Aribibia shared that some of the loan apps were unregistered and try to feed fear to their customers.

She said in her Facebook post:

https://web.facebook.com/ConfidenceAribibia/posts/pfbid02diHSttaLoNJSDkD4TC2mQjWoJUVXjvw1a18bhyWsp4kb8ZcpJNHSdGgHoCKBWi1pl

“You took a Loan From an App now you’re Living in Fear? Read this. Let me speak to you as a lawyer, not to scare you but to wake you up. That loan app that is threatening you. Calling your contacts. Sending messages to people in your phone

Ask yourself one question: Are they even operating legally? Because here is the truth many people are too afraid to say out loud. Some of these so-called “loan companies” are not licensed by the Central Bank of Nigeria.

No license, no proper structure, no accountability. Yet they act like they own your life. The moment you delay payment, they switch to: Threats, Harassment public embarrassment, Psychological pressure, And you start panicking.

“But listen carefully. Fear is their biggest weapon not the law because in law: You cannot enforce rights when you are operating outside the law. You cannot come to court with “dirty hands” and expect protection.

“Now here is the part many people don’t know. If a loan app is not properly licensed: Their legal standing is already questionable. Those outrageous interest charges become highly problematic. Their threats are mostly empty intimidation tactics

“Let me shock you a little that app shouting that they will arrest you, block your BVN, destroy your credit forever. Most times they cannot legally do any of that. What they rely on is simple: Your ignorance + your fear. The moment you understand your rights their power reduces instantly.

Now, let me be clear so nobody misquotes me. This is NOT an excuse to run away from a genuine debt. If you borrowed money, you should repay. But never allow them to intimidate you into silence and fear. If they truly want to go legal they will have to.Identify themselves, show their license, prove they are operating within the law and that is exactly what many of them try to avoid.

“So next time they start shouting. Don’t just panic. Ask questions. Now tell me. Have you or someone you know ever been harassed by any of these loan apps? What exactly did they do?”

In related stories, a lady saving N200 daily on Opay showed the amount she made, while another posted her interest after saving N27,000.

Man laments loan limit after repayment

Meanwhile, Legit.ng previously reported that a man who borrowed N110,000 from a loan app shared how he repaid before the due date of his repayment.

The man was disappointed after seeing his new loan limit while trying to borrow money from the app again.