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Financial Analyst Blasts Commercial Banks over Prevalence of Online Loan Apps in Nigeria

​​​​​​​Financial analyst, Tunji Andrews, has attacked Nigerian banks for their unwillingness to give small loans to Nigerians.

Andrews believes this has left Nigerians no choice but to patronize online loan sharks who lend at ridiculous interest rates and deploy unconventional loan recovery tactics against defaulting borrowers.

Speaking on Morning Crossfire with Sheriff Quadry, the money expert said that the banks have money to give at low-interest rates and should have no reason not to lend to low-income earners in Nigeria.

Andrews also advised the banks on how to safely get back into the space of lending to more Nigerians. Watch below>>>>

 


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