Friday, December 2, 2022

Cybersecurity: NITDA warns of unverified instant loan platforms

The agency warned Nigerians against downloading unregistered loan-based applications.

• October 4, 2022
NITDA Office
NITDA Office

The National Information Technology Development Agency (NITDA) has raised concerns over the need for the general public to beware of unverified instant loan apps and platforms, saying that some of them are fraudulent.

“Users must exercise caution, weigh the risks and hazards involved with such offers, particularly when they pose a serious risk to their lives,” Hadiza Umar, a spokesperson of NITDA, said in a statement on Tuesday in Abuja.

Ms Umar said it was important for the people to become aware of the fraudulent activities of some instant loan apps as October is being marked globally as a cyber security awareness month.

She observed that people needing money might be tempted by the promise of hassle-free microfinance software that guarantees loans in minutes and does not require any paperwork or verification of signatures.

“Users need to be warned that many Instant Loan Apps use harsh, unethical methods to recover money,” she said.

She further said when an individual downloads such apps, in most cases, they need to permit the app to access their contact numbers, pictures, and location, among other requirements.

“They deploy measures like constant harassment and threats, sending notices, warnings to the borrower’s contacts and even threatening severe legal actions,” Umar said.

She said for people to stay secure against such platforms, they need to avoid downloading unregistered loan-based applications.

“If you must download, carry out a background check on the loan company running the app, and read and understand their terms and conditions before you accept.

“Be cautious, as your contact details, photographs, and location can be copied by these money lenders.

“Ensure that these money lenders are Nigerian Data Protection Regulation (NDPR) compliant,” Ms Umar advised.


We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette


Enugu DisCo laments vandals destroying its equipment

EEDC has arrested and handed eight electricity installation vandals to the police for investigation and prosecution.

Akin-George Fashola

Hot news Home top

Lagos begins issuing international driver’s permit

The Lagos government says it will start issuing international driver’s permit effective this month.

Olufunmilayo Balogun-Alexander


Guterres appoints Nigerian Balogun-Alexander UN resident coordinator in Timor-Leste

Ms Balogun-Alexander has more than 30 years of experience working on and leading humanitarian, peace and development projects at a senior level globally.

National Agency for the Prohibition of Trafficking in Persons (NAPTIP) and sexual and gender-based violence (SGBV) used to illustrate the story.


SGBV: NAPTIP decries rising violence against women, girls in Abuja

NAPTIP received a report of 1,100 cases of domestic SGBV between January and October.

Biden Putin


Biden hints on NATO-led talks with Moscow, if Putin is “willing”

Mr Biden says he is prepared to hold talks with Russia President Vladimir Putin in consultation with his allies from the North Atlantic Treaty Organisation (NATO).

Oyo State governor, Seyi Makinde (Photo Credit: Twitter)


2023: Makinde parleys PDP members in Ogbomoso, begs for votes

Mr Makinde said that the essence of the meeting was to resolve the internal crises within the party in the zone.