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Digital Loan Sharks Prey On Inflation-hit Nigerians

Digital Loan Sharks
International Business Times Fews App News Provider
Fews App Post Time Hace 2d

An increasing number of Nigerians have turned to personal loans following reforms by President Bola Tinubu AFP Cash-strapped and in dire need of 30,000 naira (about $20), Mariam Ogundairo turned to a loan app, downloading it and registering her phone number. The money was quickly sent over but came with a 21. 6 percent interest rate, due in two weeks.

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