Central Bank of Nigeria (CBN) has taken decisive action against fraudulent financial practices by blacklisting several fake loan applications that have been exploiting unsuspecting Nigerians.
These illegitimate loan apps have been causing significant distress through their harassment of users and victims.
Notably, these apps operate outside the legal framework, as they are unregistered with the federal government and have now faced an official ban.
The rise of fake loan apps is a pressing issue in the digital age, where the ease and appeal of online lending platforms have unfortunately also paved the way for fraudulent activities.
Scammers behind these apps lure individuals with the promise of straightforward loan approvals and quick money transfers, targeting those with poor credit scores or limited access to traditional financial services.
Victims, often in dire financial straits, are duped into submitting personal and financial information under the guise of securing a loan.
This sensitive data is then misused for identity theft, financial fraud, or other illegal activities, leaving individuals vulnerable and financially strained.
The CBN’s crackdown on these deceptive apps signals a commitment to safeguarding citizens from digital financial crimes and ensuring a secure environment for legitimate online financial transactions.
Here are the list of fake loan apps that have been blacklisted by the CBN:
EasyCredit; EasiMoni; KashKash; Speedy Choice; GoCash; Soko Loan App; Fast Money;; GetCash; Icoin Loan; Naira Plus; 9jaCash; LionCash; GMoney; Fast Money; 9credit; Swiftkash App; Hen Credit Loan App; Cash Door App; Joy Cash-Loan App; Eaglecash App; Luckyloan Personal Loan App; Getloan App; Easeloan Apps
Others are: Naira Naija, Cashlawn App; Easynaira App; Crediting App; Yoyi App; Nut Loan App; Cashpal App; Nairaeasy Gist Loan App; Camelloan App; Nairaloan App; Moneytreefinance Made Easy App; Cashme App; Secucash App; Creditbox App; Cashmama App
Also banned are: Crimson Credit App; Galaxy Credit App; Ease Cash App; Xcredit; Imoney; Naira Naija; Imoneyplus-Instant; Nairanaija-Instant; Nownowmoney; Naija Cash; Eagle Cash; Firstnell App; Flypay; Spark Credit; Luckyloan Personal Loan App
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