Nigerian Fintech Companies Shame, Threaten customers For Late Payment Of Loans …

YETUNDE Adewole misplaced her telephone in June. She received a substitute weeks later, together with a brand new SIM card and every little thing went again to regular.

She didn’t give a thought to the lacking telephone or the SIM card till rumours began flying round in July.

Yetunde owed cash. An internet mortgage fintech firm was sending WhatsApp and textual content messages to everybody in Yetunde’s interior circle that she was a debtor and fraudster.

Her shut mates, former schoolmates, and work colleagues acquired these messages, three or 4 occasions each day.

“I attempted explaining to everybody on my contact listing, whom I might get in contact with, that I didn’t take any mortgage from the net mortgage firm and it has not been straightforward making an attempt to clear my title for one thing I didn’t do.

“It was a extremely traumatic expertise. My largest remorse was failing to dam the road when my telephone went lacking,” she informed The ICIR.

Yetunde had by no means taken a mortgage from a web based mortgage app, however she failed to dam her SIM card after her telephone went lacking.

A WhatsApp message from one of many fintech corporations, with Yetunde’s image alongside.

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If a lacking telephone fell into the arms of a scammer, transaction might be executed on the account of the telephone proprietor with out his or her data.

All of the scammer who picked up Yetunde’s SIM card wanted to do was,

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