Introduction
Jack Jackson has been a customer of two reputable Nigerian banks
for over four years. He had intended to secure loan financing from
one of them to fund a project of his. However, neither could meet
him in his financial comfort zone with their proposed interest
rates and repayment plans. Jack was at his wits end.
While scrolling through his social media feed, he saw an advert
by "AD Lenders"; a reputable fintech company,
according to some financially savvy members of his network. AD
Lenders held themselves out to be in the business of loans and
credit facilities. Skeptical, but seeing this as an opportunity to
secure a more pocket-friendly loan, he downloaded their
application, inserted details about himself, and created an account
with them. After signing up, he examined the loan terms and found
he was much more comfortable with their repayment plan. After a
further due diligence on the company, he then proceeded to apply
for the loan sum. Jack worried
