Cash-Strapped Nigerians Turn to Loan Apps, Face Harassment and Blackmail
Lagos, Nigeria When Mariam Ogundairo urgently needed N30,000 (about $20), she downloaded a loan app that promised instant cash. Within minutes, the money landed in her account, alongside a 21.6 percent interest rate due in two weeks. Unable to repay on time, Ogundairo soon faced the nightmare many Nigerians now associate with digital lenders. The