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This article by TEMPLARS Partner, Sadiq Ilegieuno, and Senior Associate, Lawal Kazeem, provides an in-depth analysis of Nigeria’s moneylending regulations, with a focus on recent Supreme Court rulings. The piece clarifies key distinctions in Nigerian law regarding who qualifies as a “moneylender” and the licensing requirements for lending money at interest.

The authors examine the challenges faced by individuals providing friendly or low-interest loans, particularly when debtors leverage legal ambiguities to evade repayment, claiming that these lenders lack the required licensing.

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