Following a public outcry over money lenders seizing national identification cards from their clients, police have issued a warning to all micro loan lenders that using any identification documents as collateral is illegal.
This caution was issued yesterday by police spokesperson Fred Enanga who revealed that the law enforcement body has noted that it has become a habit among money lenders who give out micro loans to confiscate national identification cards from members of the public who don’t have security.
Enanga told the press that this act is illegal and criminal therefore police and sister security agencies are going to start treating it as such.
Enanaga said national IDs have no economic or financial value therefore, it must be used exclusively for identification purposes. END