Nigerian Widow Fight for Justice After Loan App Owner Fakes her Obituary to Extort Money

  

Nigerian Widow's Fight for Justice After Loan App Owner Fakes her Obituary to Extort Money


A Nigerian widow has accused a loan company of publishing a fake obituary of her after she refused to pay an extortionate interest rate. Modupe Elizabeth Oladipupo says she contacted the loan company requesting a loan of N13,000 aq($31) and was credited with the amount. 


However, she later returned the money after realizing the interest rate was too high. Despite this, the loan company claimed she still owed them N10,000 ($24) and threatened to tarnish her image if she failed to pay. 


Oladipupo reported the matter to the police, but the loan company representative created an obituary for her and forwarded it to her phone contacts. The loan company representative insists she will not stop until the money is paid. Oladipupo says she sought financial help from the loan app after losing her savings of N400,000 ($969) to one-chance robbers. 


The incident highlights the dangers of unsupervised lending practices and the need for greater regulation of the loan industry in Nigeria.



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