Fairmoney is a reputable company and microfinance bank and should not be labelled as a loan shark. They've been used for years and have ethical practices even when you are late on payment.
When is anyone going to investigate Nigeria islamic state and the Iman??? It should read Nigeria islamic mosques, the Imans and the emirs. If you cannot investigate those people then there's no point in investigating any church. The southerners must stop this nonsense. Start from the northern area first before working your way down the South. FYI, I don't believe in any of those religions. Just saying!!!
Wish we saw this video earlier. My wife took a loan from one of these guys. Its been hell, they have contacted a few people on her contact already. I had to step in cos her business crashed and i am currently struggling financially too. We get threats every day. Its really been a terrible experience. Nigerians need to see this. Good work Jude.❤
This documentary deserves a global recognition, the gestapo manners this online lenders are carrying our thier businesses in disregard of law , with the connnivance of law enfoncement agents ,is under reported by nigeria media. Online lenders are not limited to devolping nations ,they are here in western europe the difference is impunity , both lenders and borrowers re sublect to régulation.
Mehnnnnnnnnnnn! Loan addiction is so real. The cycle of borrowing this to pay that nearly ruined me. I woke up to the reality of owing multiple. Thank God. I stood my ground and stopped. Paying as I earn was the way. No matter the threat. It got worse to the extent they called family. Drink the garri is my advise to anyone. Never borrow from loan parasites!
Same happened in Ghana somewhere last year. Ghana Police tracked and arrested over 400 of them. Many of the scammer were Nigerians. Your Government could do same if they really want to curb it down.
@@Stib380do you think they can't? Do you know how add it is to find information (correct information) in Nigeria? The stress it takes to run a channel, the statistics he has to analyze everytime and much more. He can definitely do it given the right instructions and manual for politics
Loan shark companies, Betting platform, investment platforms, drugs and alcohol are all in the same category. If someone says 15% in 30 days that means you will be paying 180% of that money in a year. Stop patronizing these criminals.
Thank you for the coverage of this topic in the Nigerian context. BBC Asia also delved into this issue, particularly focusing on India, highlighting the dangers associated with these loan apps.
Great video brother Jude. One important thing you forgot to mention is app permissions. This is how most of these apps get your personal data. Why would a bank app request you to allow all permissions? Think about it. If you love this video you can also check out a similar video about lending apps operating in India done by BBC.
This dude is more than awesome..your investigations raise awareness to a lot of ills in the society and is apt to channeling the attention of the supposed agencies which are supposed to check on these wrongs in the society...
Please how can I contact Fccpc? A loan app scammed me. They gave me lower and said I should refund if I didn't want it and I refunded. They still claimed I was owing and kept rolling over and increasing the amounts. I needed the money for a business support and they scammed me. The name is tigercredit,stay away from them.
I am going through the same thing....i almost committed suicide, until someone said i should block their asscess to my contacts and phone. Then pay them back at my pace.....it's really a nightmare
I have a friend that this happened to , its a vicious cycle, this loan company started sending harassing text and then sent his picture and texts to all his contacts , monies were being taken out of his bank account that wasn't associated with the original loan ,it's terrible that these practices continue
This vid were sent by a wonderful uncle of mine thank God I have to come across the vid.... I'm glad I now know how to flee from them and wit the help of this vid tnx a lot sir.... but still I signed up with my bvn any advice palm pay?... I'm planning on terminating the account Tnx alot uncle ❤
How can a market woman in the village verify the legitimacy of a company licensed by the CBN? I believe the CBN, government, and media have a responsibility to improve information sharing in Nigeria, including guidance on verifying company licenses. Additionally, the police should ensure protection from scams. Many of these companies have bank accounts and government oversight, yet lack accountability, leading to issues like these in Nigeria.
Why will anyone take a loan from an online loan finance company which has no structure/office on the ground. All finance company are supposed to be registered by the central bank and doing so, MUST have a structure/office on tbe ground. 😑
They are scammers. Tree loan tried to give me a loan that I never wanted but they said that I collected that I did then started threatening me but I didn't agree.
Jude, I love your work and the seriousness you put into it. Please, stay away from Hundeyin. He will get you clicks, but it will end in ridicule. Wishing you the best.
I have been a victim of some of those loan scammers for years. Thank God I'm almost done with them. My only concern is that how do I delete my biometrics from their database?
This actually happened to me... Imagine a loan company opening an account for me with opay using my details while I had no access to the account yet it's opened in my name 🤷🏾♂️
Yes there is a lot the govt can do if they serious and alive to their responsibility and it is very simple, takes only only hours to establish a dedicated cbn website meant for verifying licensed agents and their registration numbers so that in the event they go rouge and start harassing you, you can go back to the govt website and file a complaint. Cbn must have active investigators whose sole job is to investigate, make arrest and charge same to courts. You may be surprised to know that is postal service have investigators retired from law enforcement who investigates mail fraud. Officials of the Nigerian govt knows all these good things to do but like govt at all levels, if you establish these bureaucracies and have to pay the personnel's, there will be little money to steal, and their you have it.
I took loans in 2021 ,2022 and didn't pay back 😂😂 they blacklisted my BVN 😂 When I wanted to do easy buy I found out I just laughed I called my sister to come help me which her BVN she did and I got a phone from easy buy of 200k and deposited 142k Omo nah so I pay back the the rest of the money under one month because I did to pay everything off in 3 months They were surprised I paid it all off in one month since then they've been calling my sister 😂 Begging and introducing her loan offer she told me and I told her no That she shouldn't
What should one do in a situation where you actually paid off on two installments in a period of 3 days intervals pf due date. And they rather keep harrasing that person???
Hundeyin saying Nigerian banks don't give loan to smaller businesses in Nigerian is false. They do and they do it a lot. There are requirements for different banks, most Nigerians don't know the requirements and don't care to know or work in-line with the banks requirements.
In case of Chioma, I Don't want be a victim. I applied for this loan app on my phone I applied for #20,000 but instead I was given #7500 saying I was a first time loaner after filling the requirements of my detail and my BVN. My interest rate was 34percent for a period of 1 month, Ve paid bank this loan. Though the said bank is licence with CBN. Right now am in need of a loan of 150,000 to expand my business. I applied for the loan but they said am not eligible for the amount what am eligible is #12500. I don't know what to do. Can you pls advice on what to do.
My ex started from 5k I kept warning her and helping her pay till she owed 300k and didn't tell me till I got a message from them, they also sent messages to her relatives course mates church members etc, she had to change her number.
Tomorrow if she makes it in life by chance she’ll mock you for not sticking with her irresponsible @$$ and her frnds will support her. Men come life to just suffer
If for any reason you get fixated in the terrible situation described, to ease harassments, go to the specific app setting and turn off access to contact, sms, and gallery. Wipe information from the App and then delete the app. This guys are called loan shark for a reason. They prey on the the ignorance and low socioeconomic status of the middle to low class consumers.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Read David's full investigation into Loan sharks here: davidhundeyin.substack.com/p/suicide-fraud-and-phillips-consulting
Jude you are doing a great job , how do I contact you ? There's a loan scam from a bank in Nigeria which is an ongoing case ..
Unfortunately I m not and you are wrong. Whenever you borrow money try and repay. Or u don't borrow at all.
The fact every ad's playing on RUclips is literally about loan app
It crazy
thats why i block ads
if u keep talking and posting about loans u will see loan ads, your phones listen to keywords
David Hundeyin, is my current favorite Nigerian after Peter Obi.
Even whilst watching your video Fairmoney laon advertisement came up😂😂😂😂😂😊
😂😂😂😂
😂😂😂 for real too
That's RUclips algorithm for us
😅
Fairmoney is a reputable company and microfinance bank and should not be labelled as a loan shark. They've been used for years and have ethical practices even when you are late on payment.
Please make a video on Nigerian Mega Church Scam next !!!
Fool!
Some have become SPVs. Money laundering platform
You bet.
Very important
When is anyone going to investigate Nigeria islamic state and the Iman??? It should read Nigeria islamic mosques, the Imans and the emirs. If you cannot investigate those people then there's no point in investigating any church. The southerners must stop this nonsense. Start from the northern area first before working your way down the South. FYI, I don't believe in any of those religions. Just saying!!!
The irony is that before playing this video, the first ad you come across is fair money trying to cajole you to take out a loan
This combo is lethal!😅🔥🔥
😅
Thank you.
Wish we saw this video earlier. My wife took a loan from one of these guys. Its been hell, they have contacted a few people on her contact already. I had to step in cos her business crashed and i am currently struggling financially too.
We get threats every day.
Its really been a terrible experience. Nigerians need to see this.
Good work Jude.❤
Try to pay up... You borrow you pay
@@esthervanda7401 you're obviously one of these horrible people
@@esthervanda7401shut up!!
Don't pay them again. If you check you repaid more than she took. Their interest rate is about 60%
Some of the agents of these loan sharks are in this comment section
This documentary deserves a global recognition, the gestapo manners this online lenders are carrying our thier businesses in disregard of law , with the connnivance of law enfoncement agents ,is under reported by nigeria media. Online lenders are not limited to devolping nations ,they are here in western europe the difference is impunity , both lenders and borrowers re sublect to régulation.
I almost lost my sanity trying to pay loans. I only finished paying Fairmoney this month.
Fair money was harrassing you with loan sharks?
@@CirphrankGGFairmoney is the loan shark.
Mehnnnnnnnnnnn! Loan addiction is so real. The cycle of borrowing this to pay that nearly ruined me. I woke up to the reality of owing multiple. Thank God. I stood my ground and stopped. Paying as I earn was the way. No matter the threat. It got worse to the extent they called family. Drink the garri is my advise to anyone. Never borrow from loan parasites!
I'm glad you are out of that circle.
💯
Me I no pay them back. Dey call my relatives but I no care I no pay them
@@emmanuelifejieme3057 no be thief be dat? How would you borrow money without any intention to pay back.
@@emmanuelifejieme3057bad ass
Same happened in Ghana somewhere last year.
Ghana Police tracked and arrested over 400 of them. Many of the scammer were Nigerians.
Your Government could do same if they really want to curb it down.
Like David said, sometimes it's the lack of political will to do anything about it.
They don't want to. 🤷🏾
Nigeria does not have a government.
@graceland395 Ghana either.
Basic necessities like security, electricity; shouldn't be "luxury-fied"
@@loopytrendstv5192
Which fool would "luxury-fy" Ghana ?
Jude Bela and David Hundeyin are the major bloggers that are worthy of my precious time.
well done for your great job and documentary sir, nigeria itself is a shark to the survival of her citizens
Thank you.
See combo nah. See young minds wey suppose de head ministries in Nigeria.
You and I know...the government of the moment is evil and evil is the order of the day
Do you think doing a video and governance is the same?😂😂😂😂. Wake up man
@@Stib380do you think they can't? Do you know how add it is to find information (correct information) in Nigeria? The stress it takes to run a channel, the statistics he has to analyze everytime and much more.
He can definitely do it given the right instructions and manual for politics
@@daily-chargethe only thing you had to do was type hard not add. I was so confused. But yh you make a good point.
I saw this and i was like, this will be fire, i don't comment but this made me 😊😊😊
😃
Welcome to the commenter gang 💪
@@realjudebela thank you
The collab we didn't know we needed. Well-done both of you
Thank you.
23 min in 3rd ad Okash
Loan shark companies, Betting platform, investment platforms, drugs and alcohol are all in the same category. If someone says 15% in 30 days that means you will be paying 180% of that money in a year. Stop patronizing these criminals.
Superb combo and collaboration. Loan sharks are something else in Nigeria. The Bullying, intimidation and shadyness is rampant.
Thank you for the coverage of this topic in the Nigerian context. BBC Asia also delved into this issue, particularly focusing on India, highlighting the dangers associated with these loan apps.
Great video brother Jude.
One important thing you forgot to mention is app permissions. This is how most of these apps get your personal data. Why would a bank app request you to allow all permissions?
Think about it.
If you love this video you can also check out a similar video about lending apps operating in India done by BBC.
This dude is more than awesome..your investigations raise awareness to a lot of ills in the society and is apt to channeling the attention of the supposed agencies which are supposed to check on these wrongs in the society...
I would love to see a video on Dangote and his business practices
Hmmm
Thank you! Now please make video on fake grants
16:25, an okash loan ad pops up🤦
Very insightful as usual. Shared to my social media so people can get informed
The advert on the video was a loan app😂
😅
My people perish for lack of knowledge,Thank you for this video.
You can quickly report to FCCPC. On the other hand, stop picking their calls or change your phone number. That's the way out
Please how can I contact Fccpc?
A loan app scammed me. They gave me lower and said I should refund if I didn't want it and I refunded. They still claimed I was owing and kept rolling over and increasing the amounts. I needed the money for a business support and they scammed me. The name is tigercredit,stay away from them.
Omo, wish I knew this, I've been paying off loans for almost 3yrs
I'm currently a victim to this loan shark's I'm struggling to really get out 😢.... I'm really frustrated
drop your account
@@mointl2622 Me too... I'm only bothered that I might not get funds early enough to repay back... Should I drop my account too???
Pls do a video on the 15 trillion Naira coastal road.
I love this ! Always wanted these two to work together
Interesting piece of investigative journalism, I am impressed. Well done guys
Thank you.
This is an eye opener. Thank you
I'm glad you enjoyed it.
True journalists.
🙏
Jude, my experience is worse than the one you used in your video, but I have overcome them.
This is a great documentary. Well done to both of you.
Thank you so much for this pertinent information.
My pleasure.
I’m among the first to watch this episode 😊
💪
I give thanks to Allah for making me a Muslim. It forbidding in Islam to take a loan with ANY amount of interest.
No be about being Muslim 😂 I know Muslims that do things that are banned in Islam 😂 It’s about morals and circumstances
I am going through the same thing....i almost committed suicide, until someone said i should block their asscess to my contacts and phone. Then pay them back at my pace.....it's really a nightmare
Please did this really work?
Omo, this is informative... well done bro
Thank you.
I have a friend that this happened to , its a vicious cycle, this loan company started sending harassing text and then sent his picture and texts to all his contacts , monies were being taken out of his bank account that wasn't associated with the original loan ,it's terrible that these practices continue
This is so true! Always too good to be true and in the you struggle to pay. Thanks for this insight Jude and David. It's indeed an eye opener
This vid were sent by a wonderful uncle of mine thank God I have to come across the vid.... I'm glad I now know how to flee from them and wit the help of this vid tnx a lot sir.... but still I signed up with my bvn any advice palm pay?... I'm planning on terminating the account
Tnx alot uncle ❤
16 mins into the video,sharp sharp money ad showed😂
My question though....What's with the fear of in-laws or people that don't support her???
Bro I really love what you are doing
My experience with the loan apps is a horror that will not go in a giffi
Spread this news
How can a market woman in the village verify the legitimacy of a company licensed by the CBN? I believe the CBN, government, and media have a responsibility to improve information sharing in Nigeria, including guidance on verifying company licenses. Additionally, the police should ensure protection from scams. Many of these companies have bank accounts and government oversight, yet lack accountability, leading to issues like these in Nigeria.
All I have to say is thank you for this video ❤
Why will anyone take a loan from an online loan finance company which has no structure/office on the ground. All finance company are supposed to be registered by the central bank and doing so, MUST have a structure/office on tbe ground. 😑
I wish I can donate to his cause 😊
Fair money is one of them
If you no get mind to cut their call no collect the loan 😂
My 2 favourite persons!!😂😂😂
They are scammers. Tree loan tried to give me a loan that I never wanted but they said that I collected that I did then started threatening me but I didn't agree.
How did it end?
They need to be regulated
Regulated ke? Scrapped off. They are supposed to be banned. They are criminals
who will regulated them
This collaboration🔥🔥🔥
They are all over Nigeria. Mostly owned by the Chinese
This is my pain in 5years
how does one save his BVN after he has fallen victim?
Quality work, Jude. Well done.
Thank you.
Good Job 💯🎉
What later happened to Chioma???
Brilliant! Thanks Jude, thanks David.
Glad you love it.
I never watch the video finish,, Ad pup up na fairmoney 😂😂😂😂😂😂
Nice job 😊
Very informative reporting. Keep up the good work, Jude.
Thank you.
Na wetin dey happen if person mind no dey rest...sogun dogoji
Jude, I love your work and the seriousness you put into it. Please, stay away from Hundeyin. He will get you clicks, but it will end in ridicule. Wishing you the best.
This is an interesting topic. 👏🏾👏🏾
Yes it is.
Sometimes I am tempted to get a Nigerian loan, then I regain my sanity…
Drop names of some of them
Some people also apply for these loans ,with an intention not to pay back .
You're mad
Very mad
I have been a victim of some of those loan scammers for years. Thank God I'm almost done with them. My only concern is that how do I delete my biometrics from their database?
Change your number
Okash, ultimate cash are the killing vampire sharks they give you loan to payback twice the cash in 6 days
Please do on hj farms
Please tell me the loan app name. I am a programmer. I want to teach them a wonderful lesson.
Una go just open mouth waaaaaaah dey form Mr Robot 🙄🙄🙄
😂😂 palm pay na him E Corp
oga, there is zero lesson you can teach them... no be only you be programmer
@@alchemist001 as in ehn.. 🤦🏾♂️🤦🏾♂️ Na wa
What will you as a programmer do?
Love this…
I'm glad you do.
This actually happened to me... Imagine a loan company opening an account for me with opay using my details while I had no access to the account yet it's opened in my name 🤷🏾♂️
Did you report this issue?
@@realjudebelahow can I report sir?
Yes there is a lot the govt can do if they serious and alive to their responsibility and it is very simple, takes only only hours to establish a dedicated cbn website meant for verifying licensed agents and their registration numbers so that in the event they go rouge and start harassing you, you can go back to the govt website and file a complaint. Cbn must have active investigators whose sole job is to investigate, make arrest and charge same to courts. You may be surprised to know that is postal service have investigators retired from law enforcement who investigates mail fraud. Officials of the Nigerian govt knows all these good things to do but like govt at all levels, if you establish these bureaucracies and have to pay the personnel's, there will be little money to steal, and their you have it.
.please Jude help Nigerian and make a video on Galaxy ltd Abuja. A wonder bank
I took loans in 2021 ,2022 and didn't pay back 😂😂 they blacklisted my BVN 😂
When I wanted to do easy buy I found out I just laughed I called my sister to come help me which her BVN she did and I got a phone from easy buy of 200k and deposited 142k
Omo nah so I pay back the the rest of the money under one month because I did to pay everything off in 3 months
They were surprised I paid it all off in one month since then they've been calling my sister 😂
Begging and introducing her loan offer she told me and I told her no
That she shouldn't
What should one do in a situation where you actually paid off on two installments in a period of 3 days intervals pf due date. And they rather keep harrasing that person???
Report to FCCPC..
Go to their office, make the report. They are the agency dealing with the issues related to loan app transgressions
Is palmpay among them?
No, palmpay is certified
Especially Palm pay , those people are criminals i swear
Hundeyin saying Nigerian banks don't give loan to smaller businesses in Nigerian is false. They do and they do it a lot. There are requirements for different banks, most Nigerians don't know the requirements and don't care to know or work in-line with the banks requirements.
What are the requirements please I'm genuinely interested
In case of Chioma, I Don't want be a victim. I applied for this loan app on my phone I applied for #20,000 but instead I was given #7500 saying I was a first time loaner after filling the requirements of my detail and my BVN. My interest rate was 34percent for a period of 1 month, Ve paid bank this loan. Though the said bank is licence with CBN. Right now am in need of a loan of 150,000 to expand my business. I applied for the loan but they said am not eligible for the amount what am eligible is #12500. I don't know what to do. Can you pls advice on what to do.
0:03 I will never forget this guy 😢he really tormented me in 2022 😂😂😂
Seriously???!!! Wow!!! Well done for getting out of that gbese.
When i realised how fraudulent they were i had a field day!
My ex started from 5k I kept warning her and helping her pay till she owed 300k and didn't tell me till I got a message from them, they also sent messages to her relatives course mates church members etc, she had to change her number.
Tomorrow if she makes it in life by chance she’ll mock you for not sticking with her irresponsible @$$ and her frnds will support her. Men come life to just suffer
Did she borrow 300k and didn't pay?
@@esthervanda7401I dey suspect you Esther, you work for one of these loan sharks baa?
How do they get access to the contacts on their borrowers number?
@@dirialbert7062You give them permission whilst registering, they get access to your call log and contact list once you agree to contact permission
Oh well, I hope one day I will be able to share my own experience of loan apps😅
What happened?
E I no go pay my debt God punish those loan company
This is crazy!
Thanks
If for any reason you get fixated in the terrible situation described, to ease harassments, go to the specific app setting and turn off access to contact, sms, and gallery. Wipe information from the App and then delete the app. This guys are called loan shark for a reason. They prey on the the ignorance and low socioeconomic status of the middle to low class consumers.
It doesn't work that way bro! They already have a copy of your database on your phone with them trust me. I've been there 🥺🙏🏽