Nigerian Woman Faces Debt Crisis After Accidentally Borrowing ₦2.5m Instead of ₦2,500

A Nigerian woman has found herself in a financial crisis after mistakenly borrowing ₦2.5 million from a digital loan platform instead of the intended ₦2,500.

The situation, which has sparked outrage on social media, was shared by a concerned relative, @Amy_Adabeeke, who took to X (formerly Twitter) to raise an alarm.

According to the user, her aunt attempted to take out a small loan of ₦2,500 from FairMoney Nigeria (@fairmoney_ng), a popular digital lending app. However, instead of the small sum she intended, she was mistakenly approved for a loan of ₦2.5 million.

To make matters worse, the platform allegedly added a staggering ₦4.6 million in interest to the loan, bringing the total amount owed to ₦6.8 million. Despite the woman promptly returning the ₦2.5 million, her loan dashboard reportedly still reflects the full debt.

“Please @fairmoney_ng, my aunt was only trying to take out a loan of ₦2,500, why did you guys approve a loan of ₦2 million for her? And as if that’s not enough, y’all added an interest of ₦4.6 million extra? She had returned the money. Is there a way her dashboard can be cleared? To actually pay ₦6.8 something million,” the user wrote in her viral post.

As the story continues to circulate online, many are calling for better safeguards to prevent such mishaps from occurring and for the company involved to take swift action to resolve the issue.

FairMoney Nigeria has yet to issue an official statement addressing the situation.
Send Us A Press Statement Advertise With Us Contact Us

 And For More Nigerian News Visit GWG.NG