To be honest with you, fellow Nigerians, we must fight back and reclaim Nigeria from these criminals

"It’s time to call out and report to the CBN all these criminal CBN-licensed microfinance loan apps defrauding Nigerians and have ruined countless lives and businesses."

Before we proceed, let’s revisit the true role of microfinance in nation-building, as defined by the CBN’s regulatory framework.

1. Poverty Alleviation: Provides low-income earners and unbanked populations access to credit for income-generating activities

2. Consumer Protection Advocacy: Educates borrowers on fair lending practices and rights against predatory lenders.

3. Economic Stability: Strengthens the informal sector (contributing 65% to Nigeria’s GDP) by increasing economic activity, generating income, and creating opportunities for entrepreneurship

4. Credit Access: Microfinance provides access to credit for individuals and small businesses, enabling them to invest in their businesses, education, or healthcare

Now let's see how Fairmoney Microfinance Bank is destroying lives and Businesses in Nigeria

I know some Mumu with coconut and pawpaw head will say did you not read the agreement before you sign it. I challenge you to read more about Law and Policies governing Microfinance in Nigeria

It's time to demand that the CBN does the needful and properly regulate these institutions. Don't be deceived - we must fight back to reclaim Nigeria from these criminals and ole, Palmcredit, Palmpay, Okash, Easemonie, Easybuy we are coming for you

Join us as we send Petition to the CBN. Send a mail to: cpd@cbn.gov.ng