Frequently asked questions about Money lender license
This article serves as a guide for operators and answers the most frequently asked questions about moneylender licenses.
Can I use a cooperative license to lend in Nigeria?
One question that prospective Nigerian lenders always ask is if it’s legal to use a cooperative license to lend. Yes, it is.
How to report unethical lenders
There are good and responsible lenders who recover loans ethically, but bad ones exist, too. If you find yourself a victim of predatory and unlawful lending practices, you can seek redress
