Fairmoney, one of the popular loan apps in Nigeria, don dey face serious criticism after one woman experience a big mistake with their service. The woman, who apply for loan of just N2500, was shocked to see N2.5 million credited to her account instead.
This error no be small thing, as the woman now dey face a repayment sum of N6.8 million within just one month. Many people dey react to this news, saying it’s unfair and too much for anyone to handle.
Dis incident dey highlight some of the issues people dey face with loan apps in Nigeria. Some users dey complain about high interest rates and aggressive collection methods. For example, one user on Nairaland talk about how Fairmoney charge high interest and threaten to call contacts if loan no be paid on time.
The case of the woman who get N2.5 million by mistake dey spark a lot of discussion online, with many calling for better regulation of loan apps to protect consumers.
