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You don't have the right to lend someone money and add interest to it when you are not licensed – Nigerian lawyer says

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A Nigerian lawyer, Stella, has said that it is illegal for an unlicensed person to lend someone money and add interest to it.


“You DON’T have the RIGHT to LEND SOMEONE MONEY and ADD INTEREST to it when you are NOT LICENCED. If ANYONE WHO IS NOT LICENCED Lends you M0NEY and ADD INTEREST to it, pls feel FREE to SUE THEM and you will NOT PAY the M0NEY back AGAIN. Thus, the TRANSACTION is ILLEGAL. UNENFORCEABLE and the MONEY IRRECONCILABLE,” she wrote in a post on Wednesday.


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