CITIZENS GAVEL, 600 OTHERS, PETITION CBN OVER HARASSMENT, BREACH OF DATA PRIVACY BY UNLICENSED MONEY LENDERS
In a concerted effort to combat loan app defamation in Nigeria, Citizens' Gavel a civic tech NGO that aims to create a world where justice delivery is fast and efficient regardless of economic or political demographics has submitted a formal petition to the Central Bank of Nigeria (CBN), seeking the immediate sanction of thirty unlicensed digital money lenders operating in Nigeria. These entities, violating the consumer rights of Nigerians has raised concerns about their unlicensed operations and unethical practices. The organization, dedicated to justice delivery, transparency, and legal support, highlighted the alarming trend of unlicensed digital money lenders resorting to illegal means, such as harassment, character assassination and data privacy breaches, to coerce customers into settling outstanding debts. The petition, supported by over 600 complaints against these entities, pinpoints thirty companies engaged in unethical practices ranging from defamation, character assassin