Osun Resident Calls For Govt. Regulation On Lending Organisations

 

By Kazeem Badmus

A resident of Ikire in Ayedaade Local Government of the State of Osun, Mr. Ibrahim Oyekunle, has called on government at all levels, through the financial regulations agencies to save poor Nigerians from the high interest and conditions attached to the numerous lending organisations in the country.

Oyekunle made the call on Tuesday in Ikire, during the donation of materials worth millions of naira to support some indigent members of the community.

The materials, which was donated by him, included motorcycle, generating sets, medical kits and some basic drugs for some health centers, as well as payment of JAMB registration fee for over 50 students, while about 40 women also benefited from cash donations to support their businesses.

Speaking at the programme held at Ayedaade Grammar School, Ikire, the donor pointed out that numerous questionable outlets spring up daily, providing quick and soft loans for the low earners with very stringent conditions.

Oyekunle noted that many had had their properties illegally impounded and some publicly disgraced for failure to meet with the remittance of the loan.

He said: “Some of those affected went as far as committing suicide for fear of embarrassment that followed inability to meet up with remittance date of such loans, which could be as low as twenty thousand naira.

“It is imperative that government do the needful to address the ever-increasing lenders everywhere as their incessant loan facility kills the low-income earners rather than providing succour for their small businesses.”

He explained that his intervention had nothing to do with politics but a genuine desire to give back to the society.

Speaking on behalf of the beneficiaries, Jimoh Anthony and Obisanmi James, appreciated the donor for the gesture which they described as the intervention they required to guarantee their source of livelihood.