Maid vanishes from employer’s home after borrowing $4k from loan sharks

She didn't just bite the hand that fed her - this maid also saddled them with debt. In an Instagram post on Jan 6, a woman named Ika shared that her maid had borrowed money from unlicensed moneylenders before running away. The night before her disappearance, Indonesian domestic helper Maemanah told Ika that she was being harassed to make full repayment. "I … Continue reading Maid vanishes from employer’s home after borrowing $4k from loan sharks

Illegal loan apps use PSSPs to executive transactions – FCCPC

The Federal Competition and Consumer Protection Commission, FCCPC, has said several illegal digital money lenders (DMLs), known as loan apps, use wallets on Payment Solution Service Providers’ platforms to execute their transactions. The Commission’s Chief Executive Officer, Babatunde Irukera, disclosed this recently while reacting to a call by the Nigeria Inter-Bank Settlement System to banks … Continue reading Illegal loan apps use PSSPs to executive transactions – FCCPC

When Do Student Loan Payments Resume Again?

Photo by Karolina Grabowska on Pexels.com The Biden and Trump administrations issued eight extensions on a forbearance program, but Congress passed a bill ensuring there will be no more pauses on student loan repayment, so borrowers should prepare to tackle the upcoming monthly payment. When Will Student Loan Payments Resume? The Department of Education (DOE) … Continue reading When Do Student Loan Payments Resume Again?

Alhaji Abubakar Alhaji – IMF borrowed from Nigeria in 1974

Minister of Finance in the Second Republic, Alhaji Abubakar Alhaji, said yesterday the International Monetary Fund, IMF, borrowed money from Nigeria in 1974. Alhaji, who revealed this when Senator Shehu Sani paid him a private visit in his residence in Sokoto, said he signed the loan agreement when he was Permanent Secretary at the Federal … Continue reading Alhaji Abubakar Alhaji – IMF borrowed from Nigeria in 1974