A Nigerian online lender, Delinquent Loans, has come under heavy criticism for publicly sharing photos of 87 debtors on social media in a bid to recover the bad debts.
The incident gained widespread attention over the weekend after the lender shared three videos on TikTok, each featuring the images of debtors with the caption, “Please settle your loans.”
The videos went viral on social media platforms, sparking a heated debate among netizens about privacy, ethics, and debt recovery practices.
Reactions have been mixed, with some users condemning the app’s unconventional approach, while others highlighted the consequences of defaulting on loans and expressing their support to the method.
A social media user, @KingSuleiman27, sounded an alarm, “Has anyone seen the video posted by a loan app featuring pictures of 87 debtors owing them? You better check it out to make sure your picture isn’t among them ooo!”
Prince Olugbade, tweeting as @latmos997, ridiculed the approach, suggesting the lender should monetise its videos: “As they don post their pictures, make them go collect the money from the general public wey view am, or post am for YouTube use the views settle the debt.”
Others raised serious concerns about the legality and ethical implications of the actions. FaVōuR™, tweeting as #fhavourabia, argued, “Actually, if we have a functioning government, these people should be sued for defamation.”
Agbalaka, tweeting as #CroBender, hinted at the risks involved in borrowing from such platforms, “Taking money from shylocks comes with regrettable consequences.”
While many condemned the loan app’s tactics, some highlighted the consequences of defaulting on loans. Smiles Ebony, tweeting as @smileebony, explained, “There’s something all these people don’t understand. After you default on any loan, you will be reported to the credit bureau, and this will affect anyone.”
Others raised concerns about fraudulent practices in digital lending. Emma, tweeting as @Emmabest, stated, “Most of these persons are not aware of this loan. Suddenly, they receive a call asking them to pay back the money they borrowed.”
The strategy reignited debates about privacy and ethics in debt recovery. Critics argued that exposing individuals in this manner violated their rights and constituted defamation. Advocates for stricter regulations in the digital lending space called for government intervention to curb such practices.
As the debate continued, Delinquent Loans was yet to issue an official statement addressing the backlash or clarifying their actions. Meanwhile, the videos remained a talking point on social media, raising questions about the balance between debt recovery and respect for individual rights.
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