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    Home»Financial Review»Shock as rogue app, Sokoloan returns to Google Play Store
    Financial Review

    Shock as rogue app, Sokoloan returns to Google Play Store

    Femi AdeoyaBy Femi AdeoyaOctober 9, 2023No Comments2 Mins Read
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    What Happened to Sokoloan loan App? Why Was It Banned?
    What Happened to Sokoloan loan App? Why Was It Banned?
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    Checks by QUICK LOAN ARENA this evening indicates that the rogue lending app, Sokoloan, that has been at the fore of sending defamatory messages to its customers and their contacts, is back on Google Play Store.

    Shock as rogue app, Sokoloan returns to Google Play Store

    Sokoloan which is owned and managed by Soko Lending Company Ltd has been added to our list of blacklisted apps few days ago along with some of its jointly managed apps. such as Gocash, 9jaCash, FastMoney and others.

    On Tuesday QUICK LOAN ARENA exclusively reported that Google has removed the rogue and fraudulent loan app from its Play Store for serial violation of its policies. Sokoloan has been terrorising and defaming its customers and their contacts in recent times.

    In August 2021, Sokoloan was sanctioned N10m fine for spying and invading its customers’ data privacy , and God sending threat messages to the customers and their contact lists who were never parties to any loan agreement.

    In the landmark enforcement, the National Information Technology Development Agency (NITDA) imposed a fine of N10 million on the digital lending platform for spying, invading and compromising the data privacy of its customers.

    On Monday, QUICK LOAN ARENA started a series of investigative reports where we commenced blacklisting of some loan apps in Nigeria over breach of data privacy of their customers and their contact lists. Sokoloan and its sister app, 9jaCash made that list.

     

     

    Blacklisted Loan Apps CBN Data Breach Data Privacy Defamatory Messages Digital loan companies FINTECH Google Play Store Loan Apps Online lenders QLA Blacklisted Loan Apps sokoloan
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    Femi Adeoya
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    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.

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