Data Stains emerged as the Federal Government announced a plan to link citizens’ debts to their National Identity Numbers (NIN), according to Leadership. The move could block access to essential services—such as passport renewals, driver’s licenses, and rental agreements—for Nigerians who default on loans……READ ORIGINAL & FULL CONTENT HERE
Officials say it’s about financial discipline. But for many, it could mean being locked out of daily life.
The new system will link all borrowing activity to NIN through a national credit database.
Loan defaulters may lose access to government-issued documents and rental eligibility.
Banks must report all credit data to the centralised CREDICORP platform.
The pilot YouthCred loan programme targets 400,000 young Nigerians, starting with NYSC members.
Data Stains turns debt into digital handcuffs. Miss one repayment, and you could lose the right to move, drive, or even rent a room. It reframes a loan not as a lifeline, but as a loaded contract, one that can deny your identity, mobility, or dignity. When systems treat poverty like a crime, second chances become scarce, and freedom becomes a luxury……READ ORIGINAL & FULL CONTENT HERE
If your debts now restrict your access, who decides what you’re still allowed to be?
Sources: Leadership, CREDICORP