Sokoloan lending app pronounces customer dead, sends obituaries to family, contacts

Sokoloan: Lending app pronounces customer dead, sends obituaries to family, contacts

A digital lending app, Sokoloan, has reportedly declared one of its customers dead over failure to repay a loan on the due date.

The customer identified as Chinedu Azuwuike made this known via his verified Facebook profile.

Azuwuike had shared a picture of his “obituary” allegedly sent out by the lending app identified as Sokoloan.

He wrote: “Pls imagine what this stupid Sokoloan lending app did. What a childish act and a very stupid thing. How can they do this to me? Just because of 5 days overdue days?

“I swear with my life, if I pay them, let this obituary be real.”

Azuwuike says he had defaulted in his repayment plan for five days and the next thing he saw was his obituary.

sokoloan lending app

On a public group on Facebook, another customer of another digital lending app, Victoria Eyo Ekpo revealed she was also a victim and vowed not to repay the loan.

She said, “This is what Deloan (lending app) sent to me oooo. I will never pay. They called my mum and insulted her. May God help us.” (sic).

Ekpo added that she borrowed the sum of N15,000.

There have been concerns in the past about the activities of these digital lending apps and loan sharks and the lack of regulation of their activities.

Meanwhile, The Federal Competition and Consumer Protection Commission (FCCPC) says the joint committee tackling violation of consumer rights by digital lending apps and online quick loan industry is set to shut down those operating illegally.

There have been a major boomin the digial lending apps and quick loan platforms in Nigeria championed by financial technology companies, Fintechs. The Nigerian Government however may be on the way to limiting their activities to only those licensed and regulated by the Central Bank of Nigeria, CBN.

Presently, most of the digital lending operators are not regulated by any government authority and they engage in activities ranging from savings to lending as well as micro-investments and digital currency trading.

Giving this indication, the Chief executive officer of FCCPC, Babatunde Irukera, told the News Agency of Nigeria, NAN, in Abuja on Sunday that the committee would commence operation soon.

The joint committee is made up of representatives from FCCPC, the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC).

Other agencies participating in the committee are the National Information Technology Development Agency (NITDA) and the National Human Rights Commission (NHRC).

Irukera said that the committee would also be writing provisional regulations for the money lending companies.


1. Quick Loan Arena offers a social support initiative for members of its QLA Business Club.. The Club is to help members save and invest and earn monthly interest on their savings. It’s also for members to borrow soft loans at a very low interest rate for short term projects.

2. QLA Business Club will assist members raise pay day loans or soft loans for tenure up to one month.

3. You must be a member of QLA Business Club to be qualified to save, invest, earn interest or collect a loan or participate in the group activities.

4. To become a member of QLA Business Club, you must register with a membership fees of N5,000. After filling out our registration form.

5. QLA Business Club Members are expected to make voluntary weekly or monthly or fixed sum contributions which will earn 2% interest every month.

6. Loan amounts are N5k, N10k, N15K, N20k and N50k for tenure up to 30 days.

7. Members are free to invite other people to become members and shall be eligible to 25% of their registration fees as commission.

8. QLA Business Club loans are subject to a guarantee of 100% coverage of your loan amount partly in form of your savings and partly in form of 1 or 2 guarantors’ contributions who must be members of the club.

9. Loan disbursement commenced Tuesday 29th December, 2021 for members.

10. All members of QLA Business Club are hosted on a special forum where discussions and strategies are held regularly.

You can speak with any of our Loan Consultants for more information! Call or Whatsapp our business telephone (0) 915 382 1578.

Sign up and Join the Club.

READ ALSO! Data Breach: Lagos Journalist blows hot, threatens to sue 9Credit for defamation

READ ALSO! Top 20 Loan Apps In Nigeria For Instant Cash!

READ ALSO! FG Launches Portal For Sale Of Homes Under National Housing Scheme (HOW TO APPLY)

READ ALSO! For customers’ data breach, defamation: 9Credit app should be blacklisted

READ ALSO! CBN unveils business loans at 5% (N5m individuals, N25m corporate) for graduates, undergraduates

READ ALSO! Quick online loan scams: Top 7 ways to avoid falling victim

READ ALSO! Data Breach: EFCC, CBN, NITDA, FCCPC To Crack Down On Rogue Loan Apps

READ ALSO! CBN ‘100 Companies Every 100 Days’ Loan Fixed At Maximum N5bn At 5%

READ ALSO! Google removes LCredit, Rapid Naira, other predatory loan apps from its Play Store

READ ALSO! How To Apply For CBN ‘100 Companies Every 100 Days’ Project Funding

READ ALSO! Running from banks, Nigerians face crisis with quick loan sharks On Google Play

READ ALSO! EasyMoni: Stop sending threats to customers’ contact list: Do your homework if you’re real!

READ ALSO! Accounting software expert, Femi Adeoya, takes on small and medium scale businesses

READ ALSO! You have a job offer or you are an applicant looking for job, click here or whatsapp 0803 239 3958 to reach us

READ ALSO! How I Was Lured Into Debt Trap With N2.5m Specta Quick Loan From Sterling Bank

READ ALSO! BBNaija Dorathy Launches Lingerie Line, Says Priority Is Making Busty Women Look Good

Please follow and like us:

You May Also Like

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 (, 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 guy should go and the money…5 days would turn 5 years

  2. All this loan companies should be BAN in nigeria

Leave a Reply

Your email address will not be published.