Loan Sharks 4.0
Monday, 1 November 2021
The number of victims fallen prey to illegal online money lending businesses has continued to spiral. The state failed to create a secure and practical system for micro-loans.
IT is high time illegal online lending be registered as heavy-duty criminal offences. Digital money renters have gypped and trapped customers, strangled them with exorbitant fines and interest rates, terrorized those unable to pay off their debts, engineered photographs of victims into pornographic content, sold the personal data of loan customers to third parties, and made threats to others in their cellular phone contact lists who had noth
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