Loan Sharks Don’t Have Right to Criminalise Defaulters – Lawyer 

Pelumi Olajengbesi, an Abuja-based human rights lawyer, said that loan sharks have no right under the law to criminalise clients that defaulted in paying back their Loan.

The lawyer, in a statement, said he will start to “institute action in court and defend any individual who feels defamed by any loan company posting their pictures or calling or holding them out in public as criminals”.

“We need to immediately put a stop to this nonsense all over the place. The fact that you took a loan and you are unable to pay timeously does not give any individual or company the right to criminalise you with their messages in public. Even Nigeria and the Government have debts everywhere.

“Also, calling or sending messages to me despite the fact that I am not privy or was not involved in your transaction is disturbing and offensive. Any other loan agency that calls or send unwanted messages to my phone from today will have to pay a lawyer to defend themselves in court,” the statement read in part.

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