Why Google removed Rapid Naira, LCredit from its Play Store

Findings by QUICK LOAN ARENA have revealed why the internet giant, Google removed Rapid Naira and LCredit loan apps from its Play Store. Both apps have been found to be violating Google policies on loan application, loan approval, terms and conditions, and privacy polices guiding finance apps hosted on its network. Recall this medium reported few weeks ago that scam apps such as Rapid Naira  ForNaira and some others on Google Play Store are predating on poor Nigerians and violating Google Policies on lending apps.

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According to one of the policy statements of Google for loan apps hosted on its Play Store: “We only allow personal loan apps with full repayment required in greater than or equal to 60 days from the date the loan is issued… apps that fail to do so will be removed without further notice.”

Another Google Policy states that: “Any app that offer personal loans with an Annual Percentage Rate (APR) of 36% or higher are no longer expected to be available on the Play Store. To keep their apps in the Play Store, lenders must adjust their products and business models to meet Google’s requirements.”

However many of the lending apps, including LCredit and Rapid Naira give loan ranging from 7 days to 30 days at very exhorbitant interest rate and APR higher than that specified by Google. The network should enforce its policies and show these violating apps the way out.

Why LCredit was removed by Google Play Store

LCredit was removed by Play Protect, the security system on Playstore that scans apps hosted on Google for malware and other malicious virus and fraudulent apps. The internet giant had warned users from using LCredit app because it was trying to spy on phone contacts, recordings, photos, banking details and other sensitive contents on their devices. This is against Google Privacy Policy.

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Google Play Store had warned customers about LCredit fraudulent Activities

Rapid Naira, a loan app also hosted on Google Play Store has no website address, no physical office address, no single social page and no digital trace apart from the download capability on Play Store where it scams undiscerning Nigerians.

What Rapid Naira Promises

Rapid Naira promises to get you quick loan in just few steps. The platform claims their loans are for Nigerians and that you can borrow between N6,000 to N300,000 and repay between 91 to 365 days. They also claim to charge interest rate from 2.4% to 12% monthly with an equivalent APR of 4.8% – 24%. This application promises to deposit the loan in your bank account within minutes with no paperwork, no collateral, no guarantor, no hidden charges, and so many other fake promises.

Rapid Naira on Google Play Store Before It Was Removed

What Rapid Naira Really Does

QUICK LOAN ARENA findings reveal that Rapid Naira is a fraudulent and scam application. It has no quick loan to offer anyone, and it has never given any loan whatsoever to anyone. It is just a scam app designed to steal money from innocent users and undiscerning patrons and at the end of the day give them nothing. Once you fill in your account and banking security details into their app platform, they will continuously be debiting your bank accounts linked with your BVN with the name FLW Professional Service, Lekki.

QUICK LOAN ARENA understands that so many apps on Google Play are violating their policy on lending and repayment and we call on the search giant to enforce its rules and call them to order or have them removed from the Play Store. The plight of Nigerian consumers are at stake. Regulatory authorities have also been called upon by this platform to enforce local laws on these loan sharks.

It would seem Nigeria Apex Bank (the CBN) has apparently lost clue on what to do as the Apex Bank confessed months back admitted that the quick loan apps and platform are flouting its rules on operational guidelines and yet failing to enforce the rules and landing the hammer on them.

ForNaira still hosted on Google Play Store

ForNaira loan app is still hosted on Google Play Store and It’s “for scam” not a loan app

What ForNaira app displays on Google Play Store as its features:

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– Borrow up to ₦300,000
– Fast and easy access to loans, with no hidden charges
– Account is credited as soon as the loan is approved
– No collateral or guarantor needed
– our Loan App is extremely secure and reliable
– Artificial intelligence is used to run credit scoring, making loan decisions instant!
– We are available 24/7 to support you

Contrary to what is on Google Playstore, ForNaira app does the following:

  1. Give loans for 7 days as against the 91 to 360 days displayed in Google Play store
  2. Does not give loan up to #300,000
  3. Does not declare its real charges in the sense that, they display amount of loan to be given and what they give actually is far lesser.
  4. Yes they do not collect collateral but they ask for guarantors.
  5. Like others, 7 days loan starts counting the moment you receive money in your account and what you see on your dashboard immediately is 6 days remaining. Its never 7 days
  6. Failure to pay back as at when due will have their staffs harass you, threaten you and send messages to people on your contact list that you should not be trusted and be told to pay back your debt.

See what a consumer has to say about ForNaira: “ForNaira is the worst quick online loan app…just 1 day overdue and their agent sent a message to all my contacts that is was over 2 months and that I have refused to pick calls or reply to messages. Meanwhile the lady in question sent me message as at 5:45am and I replied that I will pay by 4pm, by 9am, she started sending messages to my contacts…for what she has done I will not pay a dime again. You can’t defame me and still want me to pay you after all I was still going to pay for the overdue. I have evidence.”

Google does not allow apps for personal loans with annual interest rates exceeding 36% in the US, but it doesn’t appear those same limitations apply to users in other countries.

“Our Google Play Developer Policies are designed to protect users and keep them safe, and we recently expanded our Financial Services policy to help protect people from deceptive and exploitative personal loan terms,” a Google spokesperson said. “When violations are found, we take action.”


Unfortunately, violations in one country may not be violations in another. That means it’s easier for predatory loan apps to take advantage of users in developing countries like Nigeria, where many users don’t have bank accounts or credit cards. It’s unfortunate that this is the case, and we would like to see Google change its policies to create strong boundaries that truly protect users globally.

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About the Author: Femi Adeoya

Mr Femi Adeoya is a Chartered Forensic Accountant and a Certified Fraud Examiner. He has over 20 years professional work experience in accounting, finance and business management processes. As an Accounting Software Expert, he has implemented and supervised accounting solution set up of over 50 small and medium businesses in Nigeria. As a passionate blogger, Mr Adeoya is an ardent writer and communicationist. He is the CEO of QUICK LOAN ARENA (quickloanarena.com), the number 1 loan apps review website in Nigeria. He is very passionate about the quick and instant loan industry in Nigeria and has written over 200 reviews on different loan apps and digital banks in Nigeria, USA, Canada and UK.


  1. The worst one Lcredit does is that they would start calling all your contact saying you are owing them
    Literally a friend of mine was owing Lcredit as a student instead they called his father who was at home and the dad had to come to school unaware to query the son, and they disturbed the father till he paid the money

      1. My experience with them was very terrible.. After paying them the loan, they still send me mail that am owing them, sending messages down to my contacts for a Loan have paid off since.. These loan apps are supposed to be banned seriously, most especially the aspect of tarnishing someones image bcos owing u is too bad.

    1. Lcredit is a scam bcos once you borrowed from them and even pay back they will still be increasing and asking for more money from you.

  2. I won’t pay a dime after threatening me and defaming me to all my contacts. They even posted it on my friend’s whatsapp status. That is the height of privacy invasion

  3. Quick credit is a big liar, they borrowed a friend 28,000 and to pay back 40,000 under 7 days. How are they one of the best if they are still not following the rules and regulations laid down for them.

  4. Hello , I have paid my loans in lcredit , but they are still threatening me for over due fee. Pls what can I do it

  5. Am glad you deleted the app on play store !! Lcredit is a scam and I told them that already whenever they called me

  6. Ï own Lcredit but my phone Got spoiled ï mean thé screen,now ï get another phone ï cant download it to repay them cos it as been deleted ï dont know what to do

    1. Same thing applies to me , pls have you been able to download it back and his did you go about it kindly inform me back

  7. Lcredit is a scam and fraudulent Loan lending company and I’m happy it has been removed… Circle Cash is another one to be removed totally… Thanks

  8. Please, my phone was stolen four days ago and I don’t know what to do with the remaining repayment balance. I don’t know the amount they’ve added to it. I got another phone from a friend and I was unable to download lcredit app. I have the account to pay in and I have even pay beyond what I borrowed. Please, what can I do?

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