25 märts Among the many texts reads: “Dear Benjamin, your own Reasonable Money loan from N200, 000 are around three weeks delinquent
Udoh, an investor, lent N200, one hundred thousand of Fair Money and you may had to pay with fifty per cent focus contained in this three months or risk his very own financial recommendations are distributed to the public. With 50 percent notice, he had been to settle N300 within three months at the N100, 100000 a month. Udoh paid N100, 000 in the 1st month, however in the following month, the guy remitted N50, one hundred thousand, blaming poor conversion.
Consequently, he went toward standard to possess days although it was happening, the guy had phone calls and email on app's employees asking your to help you offset his mortgage.