A Nigerian man just learned the hard way that lending money with interest is not a joke especially when the borrower knows the law better than you. 😅
He lent someone ₦5 million. They agreed on ₦400,000 interest. Both parties signed. Handshake done. Money sent. 🤝
The borrower paid back the ₦5 million. Then stopped.
The interest? He laughed. Then dropped a legal bomb: “You are not a licensed money lender. You cannot win this case in court.” 🗣️💀
The lender is now walking around with a signed agreement that feels like toilet paper. Confused. Frustrated. And ₦400k poorer.
The internet is having a field day. One person said, “This borrower went to law school before collecting the loan.” 😭
Another added, “Naija borrowers don upgrade. They now read constitution before signing.” 📚
A third wrote, “The lender don collect principal. Make he thank God. Some people no even get that one.” 😂
Now the question is: Will the lender go to court with his “unlicensed” chest? Or will he just take the L and move on?
Drop your answer below. 👇
