In recent times, there have been increasing reports of indecent calls and messages by credit companies in Nigeria to guarantors and individuals linked to borrowers. These calls and messages are often intimidating and intrusive, leaving many people feeling harassed and embarrassed.
Credit companies in Nigeria often require borrowers to provide guarantors as a condition for accessing loans. These guarantors are usually family members, friends, or colleagues who are expected to guarantee the repayment of the loan in the event of default by the borrower. However, in recent times, some credit companies have resorted to harassing these guarantors with indecent calls and messages, threatening them with legal actions if the borrower defaults on the loan.
This unethical practice is not only illegal but also morally reprehensible. It is a violation of the privacy and dignity of guarantors and individuals linked to borrowers. It exposes them to unnecessary emotional stress and embarrassment, which can have adverse effects on their mental health.
It is important to note that while credit companies have the right to recover their loans, they must do so within the ambit of the law and with due regard for the rights and dignity of borrowers, guarantors, and individuals linked to borrowers. They should not resort to harassment, intimidation, or other unethical practices that infringe on the privacy and dignity of their clients.
To address this issue, the Nigerian government must take decisive action to regulate the operations of credit companies in the country. The relevant regulatory bodies should ensure that credit companies adhere to ethical practices in their operations, and that they are held accountable for any violations.
Credit companies themselves must also take proactive steps to ensure that their staff adhere to ethical practices in their dealings with clients. They should establish clear guidelines and policies on how to recover loans from defaulters and ensure that their staff are adequately trained to implement these policies in a professional and ethical manner.
In conclusion, the indecent calls and messages by credit companies to guarantors and individuals linked to borrowers are unacceptable and must be addressed. The Nigerian government and regulatory bodies must take decisive action to ensure that credit companies adhere to ethical practices in their operations, and credit companies themselves must take proactive steps to ensure that their staff adhere to these practices. Only then can we have a financial sector that is fair, transparent, and ethical. #EMBA28
