Pastor Enenche stressed that Christians must resist the temptation of easy money, warning that such platforms were destructive.
Senior Pastor of Dunamis International Gospel Centre, Dr. Paul Enenche, has raised an alarm against loan apps.
He warned Nigerians against patronizing online loan platforms, describing them as “agents of the devil in covenant with the spirit of debt”.
Speaking during Sunday’s service in Abuja, Enenche decried the rising cases of depression and suicide linked to the operations of loan apps across the country.
“Many people have been deceived by the promise of quick financial relief,” he said.
“But once they fall into the trap, they are subjected to harassment, intimidation, and embarrassment that sometimes push them into depression or even suicide.”
The cleric explained that victims are often overwhelmed with threats, automated calls, and messages after securing such loans.
“Some of these platforms even go as far as publishing defamatory statements and fake obituaries online to disgrace debtors,” he added.
Pastor Enenche stressed that Christians must resist the temptation of easy money, warning that such platforms were destructive.
“These things are demonic covenants with debt, and no child of God should have anything to do with them,” he declared.
His remarks come amid rising public outcry against the unethical practices of online loan providers in Nigeria, many of whom have been accused of breaching privacy rights and employing extreme measures to recover debts.