John Ephraim (not real name), a Lagos-based tailor, has narrated how a loan recovery agent from EasyMoni, a quick loan company, resorted to raining curses on him after he defaulted in repaying a N14,000 loan.

Ephraim told FIJ that he had taken a seven-day loan from the company with the hope of paying back before June 27, the deadline for repayment.

“This actually is not the first time I would be obtaining a loan from the online outfit. Despite the outrageous interest they place on what I borrow, I always endeavour to pay back on time,” Ephraim said.

READ ALSO: Zuma Cash Brands Customer ‘Rapist’ for Delaying Repayment of N11,000 Loan

“This last time however, it was so unfortunate that I was unable to pay the money back on time. I had a bit of a setback financially.

“When I knew I would not be able to pay back on June 27, I called EasyMoni to notify them, but the agent I spoke with kept threatening me over the phone, saying I had to make sure I repaid the money on that same day.”

After Ephraim defaulted for two days, an agent from the outfit sent him a text message full of curses.

The text message reads:

“To provide for yourself and family, we offered help and you decided to pay us with evil by not making your payment as expected. May you never measure up to your mates in life until you make our payment. Remember that you don’t know the source of the money you borrowed ooooo. May your work, business and you have be ruined if you fail to make our repayment today. All this will come to pass if you don’t pay our money today unfailingly. Just try and see if it will not come to pass.“

READ ALSO: Bell, Cash Loan Agents Threaten to Ruin Customer for Defaulting

Ephraim said he had resolved to not repay the loan until the quick loan outfit offered an apology for the unwarranted contents of the message sent to him.

“I am aware these loan companies are also fund of sending defamatory messages to phone contacts. They may have sent defamatory messages to my contacts too because of this issue. Honestly, I really don’t care anymore. I will not bother to look for how to repay them until they apologise,” the tailor said.

READ ALSO: ‘He’s a Ritualist’ — Loan Company Sends Defamatory Messages to Defaulter’s Contacts

On November 15, 2021, the Federal Competition and Consumer Protection Commission (FCCPC) issued a statement announcing the beginning of an investigation into rights violations in the money lending industry.

Despite the subsequent fines, sanctions and the shutdown of some of these firms, many of them have continued to devise new means of harassing their debtors. Some of them have also changed their names and logos.

Findings by FIJ revealed that EasyMoni is also known as EaseMoni or EasCash.

FIJ made several calls to the service line of EasyMoni, but they were not answered. A text message sent to the company was also not responded to.