14/04/2026
You borrowed money from one of those online loan apps?
Let me tell you something many people are afraid to say
Some of those apps you’re panicking over are not even licensed by the Central Bank of Nigeria.
They are operating in the dark.
No proper office.
No real structure.
Just pressure, threats and fear.
Once you delay payment, they start calling everybody in your contact, sending shame messages, threatening you like they own your life and you’re there shaking
Why?
Listen carefully
Those apps you’re afraid of, they cannot take you to court. Because to go to court, you must come with clean hands. He that seeks equity must come with clean hands. How do you enforce the law when you are operating outside it?
And here is the part nobody tells you
An unlicensed loan app has no legal right to charge interest. Yes. No licence no legal backing for those outrageous interest figures they keep adding.
They can shout.
They can threaten.
They can try to embarrass you.
But legally?
They have no solid ground to stand on.
Most of them:
🥢 Are not properly registered
🥢 Are not licensed to lend money
🥢 Cannot legally enforce those cr@zy interest charges
🥢 Cannot blacklist your BVN
🥢 Cannot report you properly to credit systems
They survive on one thing Fear.
The moment you understand that, half of their power disappears. I’m not telling you to run away from your responsibility.
But I’m telling you this for free. Stop being intimidated by people who are not even operating legally.
At the end of the day if they want to fight you legally, they will have to show who they are and that is exactly what they don’t want.
Now tell me
Have you ever been threatened by any of these loan apps?
What did they do?
©️Confidence Dedi
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Legal Talk with Confidence Dedi
