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Regulate loan sharks, apps before Nigerians resort to suicide - CAN to Finance Ministry, CBN

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The Christian Association of Nigeria (CAN) has urged the Ministry of Finance, the Central Bank Nigeria (CBN) and other regulators to look into the

The apex religious body, led by Rev. Supo Ayokunle, complained that loans were being granted to people by several dubious companies.

CAN said their interests are not only higher than the banks, but they use blackmail and other antics to get their money back in case of a default. “These are not only against the financial regulation but totally unacceptable, irresponsible, suicidal and unfair”, he fumed.

 

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