Digital Lending : Inside the Pervasive Practice of LendTechs in Nigeria

Wednesday, June 23, 2021

This report is based on an actual investigation using openly available information and open source tools.

This report aims to take an expository dive into the world of digital lending in Nigeria from a privacy, security and consumer protection viewpoints. The study will examine various issues such as data protection and privacy rights of users, security standards implemented by digital platforms, arbitrary interest rates, use of emerging technologies, and dark patterns. Finally, the report recommends improving consumer security, privacy, and, more importantly, regulating Nigeria’s digital lending space.