List of fake loan apps in Nigeria 2022|Updated|
Here is an Overview of the list of fake loan apps in Nigeria
Beware of these fake loan apps in Nigeria, flee from them.
- Cycle cash (these ones are just thieves,rather than help, they instead add to your lack of money by adding exorbitant huge interest or penalty fee to defaulters)
- CashBus (They will give you #9,700 to pay #15,000 in 7days and add #750/day when you default payment)
The list goes on and on.
See Also How to remove my bvn from loan apps
On Friday, March 11, the Federal Competition and Consumer Protection Commission (FCCPC) raided about seven loans apps or organizations working in Lagos over “conceivable infringement” of borrower privileges.
Full List and app features of these fake loan apps shut down in Nigeria by the Federal Government have been released and the popular Sokoloan falls on the list of fake loans apps in Nigeria reportedly facing a ban
The activity drove by the commission’s chief, Babatunde Irukera, was because of a few grumblings of misbehaviors with respect to the moneylenders.
Babatunde Irukera, the top of the FCCPC said some computerized cash loan specialists were closed down over infringement of shoppers’ freedoms.
Notwithstanding, they resort to unprofessional measures of harassment, cyberbullying, and breach of data privacy of their customers who may have defaulted in loan repayment.
Here is the list of loan apps shut down in Nigeria
GoCash is listed under Finance on the Google Play Store.
Gocash falls on the Number 1 spot our list of fake loan apps in Nigeria and deservedly are this list of loan apps banned in Nigeria.
It gives Nigerians loans up to N300,000, and charges from 20% to 30% interest rate, as per the data accessible on the Android app store.
GoCash’s actual office is situated in Nigeria’s business capital, Lagos.
GoCash is the first on our list of loan apps shut down in Nigeria, their inhumane activities earned them a space on our list
It’s particularly in Lekki Phase1, Lagos state.
OKash is owned by Blue Ridge Microfinance Bank Limited.
According to its profile on Google Play, its loan sum goes from NGN 3,000 to NGN 500,000.