Online money lenders have slowly become a key part of Nigeria banking system.
This is largely because of the tough economic conditions that have left some Nigerians no choice but to get quick cash in form of soft loans.
As financial expert Tunji Andrews also pointed out in an interview with Nigeria Info FM, the unwillingness of commercial banks to provide these small loans has made the activities of these online lenders more popular.
But how does this system work? how do these apps know who to loan to? are their loan recovery methods legal?
Andrews provides answers to these questions in an interview with Sheriff Quadry. Watch here>>>
