Nigerian newspaper cries out as loan sharks use their name to threaten their victims

Online lending companies continued to use different fraudulent and illegal methods to blackmail and threaten their victims. One of the latest is sending them messages that their photos and phone numbers will be published in Nigeria’s leading newspaper, Punch.

In reaction, the newspaper issued a warning, insisting that Nigerians should ignore these posts as it has nothing to do with criminal loan applications.

Online lending companies are blackmailing Nigerians. Photo: Nigerian Police
Source: Facebook

The newspaper wrote:

“This is to inform members of the public that our verified Facebook page is our only official page on Facebook.

“We have NO AFFILIATION or INTEREST in any of the Pages impersonating PUNCH Newspapers on this platform. Please take note and use Facebook’s reporting channels to report Pages.

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“Furthermore, we have no interest in any micro-loan company (aka loan sharks) and do not intend to release the names and pictures of their victims.”

Following Punch Newspaper’s disclaimer, many Nigerians praised the outlet, with some people urging them to go further by taking them to court.

Here are the reactions of Nigerians.

Sorinola Oluwole

“You’ve built your excellent reputation over the past few years. Do everything humanly possible to make sure these scammers don’t tarnish your hard-earned good image. Please go the extra mile.”

Emmanuel Obajulaye

“These fraudsters used the name Punch newspapers to threaten their non-reimbursing customers.”

Seun Adepoju Alawode

“Punch, please take them to court, let them pay, they’re tarnishing your reputation. Please don’t take this case with kid gloves.”

Prince Mike

“Investigative journalists should start exposing their physical addresses. Ban online loan sharks in Nigeria.”


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