Tag
LOAN SHARKS
A former president of the Chattered Institute of Bankers of Nigeria (CIBN), Mr. Okechukwu Unegbu, has said that the Central Bank of Nigeria (CBN) will need to do everything within its power to get rid of unethical digital lenders.
The Central Bank of Nigeria has a series of low-interest loans aimed at spurring economic growth in Nigeria.
Despite the Federal Government's intervention, loan sharks continue their activities of blackmailing and invading the privacy of their customers.
FCCPC is planning on bringing the loan sharks under regulatory control in Nigeria due to it's findings during the recent raids.