Senior Pastor of Dunamis International Gospel Centre, Dr. Paul Enenche, has cautioned 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 expressed deep concern over 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 of these platforms often face overwhelming pressure through constant threats, automated calls, and text messages.
“Some of these platforms even go as far as publishing defamatory statements and fake obituaries online to disgrace debtors,” he added.
Enenche urged Christians to resist the lure of easy money, stressing that such platforms are destructive to both financial and spiritual well-being.
“These things are demonic covenants with debt, and no child of God should have anything to do with them,” he declared.
His remarks come as Nigerians continue to decry the unethical practices of online loan providers, many of whom have been accused of breaching privacy rights and employing extreme measures to recover debts.