I AM SENDING THIS POST TO INFORM NIGERIANS OF THE SCAM TECHNIQUE BY LAPO MICROFINANCE BANK AND ITS PERSONNEL.
THEY USE ANOTHER NAME BECAUSE THEY KNOW PEOPLE DON'T WANT TO ASSOCIATE THEM.

I work with Lagos state government and I received a message from "CityGate Global" to call Wunmi on 0816134315* if I need a loan. I placed the call and she demanded for my details and I got the alert of #200k from "LAPO" I called to inform her that I didn't request a loan from LAPO but she said they just used the name CityGate as a bulk message platform (which was a lie telling from the message I received). I asked how come she didn't inform me about the name of the company ahead.

The money was already in my account I was told "the conditions" involved before I applied so name doesn't really matter. The conditions I agreed to was to pay #20,000/month for 12months to make #240,000

But to my greatest amazement, I was being charged #22906.67/month, which will make #274,880. This was not the agreement!

I called to complain, she first said that it was a mistake that it will be corrected and I will get the refund, but that didn't happen. She later said that she forgot to tell me the actual interest rate, that she made a mistake. I said I can't pay for her error... She stopped picking my calls or replying my messages and the interest deduction was already automated on my salary account. So, there is no need to talk with me again.

Until I threatened to arrest her, she then sent me the office address at irorun Plaza kudirat Abiola way and the number of one Mr Collins as her superior, Mr Collins claimed to be the manager heading the branch, when I walked in, he said the only way to resolve the case is to pay off the loan at once without interest on the remaining months.

I requested for my balance and the full details of all charges but both Mr Collins and Mrs Wunmi kept dribbling me, till the Loan entered 6months. Wunmi later sent the balance alone without explanation or break down. Though I have paid the balance but I realised that even as I attempted to terminate the interest on the 6th month, the total money I have paid is #262,388. I don't understand how come and I am not getting any explanation from any of them...

I got into argument several times with them because I was persistent about getting out of the situation while all they wanted to do was drag the process months into months.
I eventually got my balance but as I have suggested, I was overcharged though Mr Collins said I will get a refund of the excess charge by month end.
I have proof of all my statements...



THEY FIRST TRICK YOU WITH LIE ABOUT LOW INTEREST RATE AND LATER SAY THAT THEY MAKE MISTAKES OR MISCALCULATED.

THEY WON'T SHOW YOU YOUR BALANCE EVEN WHEN YOU REQUESTED FOR IT.

THEY WONT RESPOND TO YOU ONES THEY HAVE AUTOMATED THE LOAN DEDUCTED FROM YOUR SALARY ACCOUNT.


How do I resolve this and get them to pay back my money.

lalastica MYND44

jettybrian:
I AM SENDING THIS POST TO INFORM NIGERIANS OF THE SCAM TECHNIQUE BY LAPO MICROFINANCE BANK AND ITS PERSONNEL.
THEY USE ANOTHER NAME BECAUSE THEY KNOW PEOPLE DON'T WANT TO ASSOCIATE THEM.

I work with Lagos state government and I received a message from "CityGate Global" to call Wunmi on 0816134315* if I need a loan. I placed the call and she demanded for my details and I got the alert of #200k from "LAPO" I called to inform her that I didn't request a loan from LAPO but she said they just used the name CityGate as a bulk message platform (which was a lie telling from the message I received). I asked how come she didn't inform me about the name of the company ahead.

The money was already in my account I was told "the conditions" involved before I applied so name doesn't really matter. The conditions I agreed to was to pay #20,000/month for 12months to make #240,000

But to my greatest amazement, I was being charged #22906.67/month, which will make #274,880. This was not the agreement!

I called to complain, she first said that it was a mistake that it will be corrected and I will get the refund, but that didn't happen. She later said that she forgot to tell me the actual interest rate, that she made a mistake. I said I can't pay for her error... She stopped picking my calls or replying my messages and the interest deduction was already automated on my salary account. So, there is no need to talk with me again.

Until I threatened to arrest her, she then sent me the office address at irorun Plaza kudirat Abiola way and the number of one Mr Collins as her superior, Mr Collins claimed to be the manager heading the branch, when I walked in, he said the only way to resolve the case is to pay off the loan at once without interest on the remaining months.

I requested for my balance and the full details of all charges but both Mr Collins and Mrs Wunmi kept dribbling me, till the Loan entered 6months. Wunmi later sent the balance alone without explanation or break down. Though I have paid the balance but I realised that even as I attempted to terminate the interest on the 6th month, the total money I have paid is #262,388. I don't understand how come and I am not getting any explanation from any of them...

I got into argument several times with them because I was persistent about getting out of the situation while all they wanted to do was drag the process months into months.
I eventually got my balance but as I have suggested, I was overcharged though Mr Collins said I will get a refund of the excess charge by month end.
I have proof of all my statements...



THEY FIRST TRICK YOU WITH LIE ABOUT LOW INTEREST RATE AND LATER SAY THAT THEY MAKE MISTAKES OR MISCALCULATED.

THEY WON'T SHOW YOU YOUR BALANCE EVEN WHEN YOU REQUESTED FOR IT.

THEY WONT RESPOND TO YOU ONES THEY HAVE AUTOMATED THE LOAN DEDUCTED FROM YOUR SALARY ACCOUNT.


How do I resolve this and get them to pay back my money.

sorry about that. If you know how they work you should know that this is a very simple problem. Go to their website, pick up a customer care line and call. Explain gently and don't forget to add "I'll tag the cbn immediately this call is over" and see the speed at which they will correct everything.
One last advice, never borrow. For no reason should you. Have a great day

Dem still dey collect d loan?

What an ungrateful wicked soul this op is. Broke ungrateful wicked soul.

engage a lawyer immediately. ur money go come out.

FivePeas:
What an ungrateful wicked soul this op is. Broke ungrateful wicked soul.

I pray you grow pass this level someday to the level where you must engage your brain in any conversation.

obajoey:


I pray you grow pass this level someday to the level where you must engage your brain in any conversation.

Busy

LAPO loan collect one pay three with sweet..you could have returned the money immediately when you find out...

Jabioro:
LAPO loan collect one pay three with sweet..you could have returned the money immediately when you find out...

Baba once the loan is disbursed you are bound by all conditions to the loan and it was when they started deducting that I noticed the negation.

FivePeas:
What an ungrateful wicked soul this op is. Broke ungrateful wicked soul.

Ungrateful wicked soul elder brother.

FivePeas:
What an ungrateful wicked soul this op is. Broke ungrateful wicked soul.

don't mind him, LAPO is helping small scale business owners to grow, I'm with them

Tonyspecial:
don't mind him, LAPO is helping small scale business owners to grow, I'm with them

oga if I tell you my own experience with LAPO similar to op you go retrace your words

You should have invested the money in some business and make some profits.. Then you wouldn't have cause to run into this forum whining.

Goodgod213:
oga if I tell you my own experience with LAPO similar to op you go retrace your words

u don't have any story to tell, Bros!

If a business has a registered address, contact and company. Go to their head office and complain before calling them scam.

Did u feel a loan form? Did you sign an offer letter?

Op your write up is interesting and straight forward but it lack credibility, you are not traceable, what if you are paid just to cook story to bring the MFB down how can we justify it, we have lawyers in this forum that are ready to tackle this issue and put the culprit to Justice and the mfb also has lawyers that are ready to petition if you are lying or the imposter So u lose nothing to review your self if u are on your right. The mfb is been regulated by CBN.

Make your post credible, type your name and phone no, type the culprit name and phone no, the full address that has there sign post, every other things to prove your credibility. Or else you are paid to blackmail because I doubt lapo has started disbursing online loan.

This case is complicated you didnt explain full detail and am very sure No body beg you to collect loan or rather they came to you am very sure you went there by ur self and you must have know the terms and condition of lapo before you collect the money
Everybody will surely blame you
Please next time don’t collect loan

Get a good lawyer.

I dont belive this cooked up story..For your infomation I play in the same lending space with these guys.

Firstly:lapo MFB cannot use city gate global contact details..reason both are heavyweights in their space right and space. Show me tangible evidence and I will make you a millionaire.

Secondly: 22+ interest + principal is a fair enough enough deal, so quit fighting them. Its a very fair deal Ok. Lets say less than 2% monthly so its fair

Thirdly, what documents did you execute before disbursement, were u given any offer letter or repayment schedule?

adewumiopeyemi:
This case is complicated you didnt explain full detail and am very sure No body beg you to collect loan or rather they came to you am very sure you went there by ur self and you must have know the terms and condition of lapo before you collect the money
Everybody will surely blame you
Please next time don’t collect loan

adewumiopeyemi:
This case is complicated you didnt explain full detail and am very sure No body beg you to collect loan or rather they came to you am very sure you went there by ur self and you must have know the terms and condition of lapo before you collect the money
Everybody will surely blame you
Please next time don’t collect loan

You really need to go back and read that post. The poster is my friend and a message was sent to him. The conditions he admitted to was changed by the officer saying she made a mistake, that she miscalculated.



I read a response this morning when someone said that LAPO cannot operate under the name CITYGATE GLOBAL here is the evidence... In the image

LOOK AT THE NAME "CITYGATE GLOBAL AND DIAL THAT NUMBER, HER NAME IS WUNMI AND SHE WORKS AT LAPO PRESENTLY.

THE ACCOMPLICE MR COLLINS CLAIMED TO BE THE MANAGER AT THE IRORUN PLAZA KUDIRAT ABIOLA WAY OREGUN BRANCH OF LAPO.

what other evidence or credibility are you looking for?

The interest rate isn't the problem here, but the trick of operating under another name. It's deception and not telling the people the actual condition before disbursing. Infact lieing about the rate just to make it attractive

adewumiopeyemi:
This case is complicated you didnt explain full detail and am very sure No body beg you to collect loan or rather they came to you am very sure you went there by ur self and you must have know the terms and condition of lapo before you collect the money
Everybody will surely blame you
Please next time don’t collect loan

adewumiopeyemi:
This case is complicated you didnt explain full detail and am very sure No body beg you to collect loan or rather they came to you am very sure you went there by ur self and you must have know the terms and condition of lapo before you collect the money
Everybody will surely blame you
Please next time don’t collect loan

You really need to go back and read that post. The poster is my friend and a message was sent to him. The conditions he admitted to was changed by the officer saying she made a mistake, that she miscalculated.



I read a response this morning when someone said that LAPO cannot operate under the name CITYGATE GLOBAL here is the evidence... In the image

LOOK AT THE NAME "CITYGATE GLOBAL AND DIAL THAT NUMBER, HER NAME IS WUNMI AND SHE WORKS AT LAPO PRESENTLY.

THE ACCOMPLICE MR COLLINS CLAIMED TO BE THE MANAGER AT THE IRORUN PLAZA KUDIRAT ABIOLA WAY OREGUN BRANCH OF LAPO.

what other evidence or credibility are you looking for?

The interest rate isn't the problem here, but the trick of operating under another name. It's deception and not telling the people the actual condition before disbursing. Infact lieing about the rate just to make it attractive

Tonyspecial:
don't mind him, LAPO is helping small scale business owners to grow, I'm with them

You guys are missing the point. If Lapo is so sure of their credibility, why hide under another name?

Why not tell the condition at first, instead of changing it later after they must have tricked someone into collecting the loan by telling them lower interest rate.

For your information the loan has been settled but just warning people to be aware of the trick

Though still waiting for the refund by month end.

Oga you spent the money abi you no spend am,guy as you don chop the money just leave the remaining story for market women. You cant get any 200k loan anywhere and you will pay less than 70k as interest. Just leave everything to God my guy.

Error 1.You got Wunmi number and you called her for loan

Error 2.You were credited and you spent it

Leave story for market women jare

charles009:
I dont belive this cooked up story..For your infomation I play in the same lending space with these guys.

Firstly:lapo MFB cannot use city gate global contact details..reason both are heavyweights in their space right and space. Show me tangible evidence and I will make you a millionaire.

Secondly: 22+ interest + principal is a fair enough enough deal, so quit fighting them. Its a very fair deal Ok. Lets say less than 2% monthly so its fair

Thirdly, what documents did you execute before disbursement, were u given any offer letter or repayment schedule?

The screenshot of the first message received and the credit alert has been attached fya.

charles009:
I dont belive this cooked up story..For your infomation I play in the same lending space with these guys.

Firstly:lapo MFB cannot use city gate global contact details..reason both are heavyweights in their space right and space. Show me tangible evidence and I will make you a millionaire.

Secondly: 22+ interest + principal is a fair enough enough deal, so quit fighting them. Its a very fair deal Ok. Lets say less than 2% monthly so its fair

Thirdly, what documents did you execute before disbursement, were u given any offer letter or repayment schedule?

See the attached credit alert notification.

walejummy:
Make your post credible, type your name and phone no, type the culprit name and phone no, the full address that has there sign post, every other things to prove your credibility. Or else you are paid to blackmail because I doubt lapo has started disbursing online loan.

What other credibility are you asking of.
I have noticed that LAPO has a lot of people influencing for them on this platform, but I can assure you all that evidence/facts don't lie.

If you guys are ready to find out the truth, do a follow up and stop defending with with words of mouth. There are numbers there, there addresses and people's names. What other fact are you demanding?

Don't be an accomplice to scam... Let's warn people to beware of LAPO, and it's dubious officials.

Ask a layman about LAPO and hear what they will say? LAPO already noticed the lack of credibility attached to its name that is why they are disguising under another name CITYGATE GLOBAL.

That is just the reason I am warning people to be careful and know that Lapo now has a new trick to get you entangled and it's not always easy to get out.

The loan in concern is settled. Though refund is still expected.

THESE ARE EVIDENCES CALL ME UP ON IT. I AM READY TO GO TO ANY LENGTH

jettybrian:


The screenshot of the first message received and the credit alert has been attached fya.

Those are your evidences.
Make the poster a millionaire as you have promised...
Mr. Rich guy

Sulukag:
Oga you spent the money abi you no spend am,guy as you don chop the money just leave the remaining story for market women. You cant get any 200k loan anywhere and you will pay less than 70k as interest. Just leave everything to God my guy.

Error 1.You got Wunmi number and you called her for loan

Error 2.You were credited and you spent it

Leave story for market women jare

I would have say you are dumb for commenting like a fool, but I know you go school and you can read

The complaint isn't about interest.
It isn't about who called who
It isn't about getting a loan or not because the last time I checked getting a loan isn't a crime and spending it for whatever venture you so please isn't one either

The crime here is using another name to disguise.
The crime is lying to people about low interest rates only to change the condition after loan has been disbursed...

All evidences are available I can drop my contact for verification of the admin permit.

You should cover your face in shame.

Tonyspecial:
don't mind him, LAPO is helping small scale business owners to grow, I'm with them

Do you still think that he is ungreatful, when you take loan from a microfinance bank you should be given the full details and they should stick to agreement, but no Lapo officials will keep twisting and dribbling you..

Check the evidences...

FivePeas:
What an ungrateful wicked soul this op is. Broke ungrateful wicked soul.

Because she is crying out about her situation and warning people of dubious acts ? Is that that wickedness?

What's your definition of Broke?

Every rich people all around the world at one point or the other applied for loan to expand business...

Tonyspecial:
don't mind him, LAPO is helping small scale business owners to grow, I'm with them

Of course you are part of the bad dealers and you should be scrutinized too...