Debt and Loan
If the bank I owe money collapses, will the loan I owe them collapse too?
No. The collapse of a bank does not automatically cancel the loan you owe. When a bank fails, the Nigeria Deposit Insurance...
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Debt and Loan
Browse all articles in the Debt and Loan category. Get simple explanations to complex legal topics, written in plain language.
Debt and Loan
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Debt and Loan
If I owe someone ₦300,000 and they take me to court, can I tell the court that I can only pay ₦2,000 per week?
No. You cannot simply tell the court that you want to pay ₦2,000 per week and expect the court to automatically accept...
Debt and Loan
The loan app I owe called me and threatened to blacklist my BVN if I don’t pay within 21 days. What should I do?
Do not panic. A threat to “blacklist your BVN” should not automatically make you believe that your BVN will simply be cancelled...