A Nigerian man who borrowed a small amount of money from a bank and refused to repay it has issued a clear warning to the public after the action later affected his financial future. In a trending TikTok video shared on May 2, 2026, the TikToker, @kayfaiah, recounted his personal experience while cautioning others about the long-term consequences of ignoring loan obligations.
Man's Experience with Loan Default
According to him, he had been consistent in borrowing and repaying loans until a few years ago when he borrowed N40,000 and could not afford to repay it. He stated: "The time period to use to pay that money, I could not pay back because then, omo, to see money na problem. They kept calling me. They were sending me message, but I refused picking the call or reply to their message, or even giving them how I can be paying install mentally or something. I refused doing that."
He was about to reap his "reward" when he recently approached another bank to obtain a loan for his business. He was shocked to discover that his Bank Verification Number (BVN) had been flagged due to the unpaid debt. This issue made him unable to access loans from any financial institution. He said: "Immediately they checked my BVN, it showed I had been flagged. No bank was willing to give me any money."
Steps Taken to Resolve the Issue
To fix the problem, he had to visit multiple offices and follow up diligently. Fortunately, he was able to repay the outstanding loan. In his final advice to the public, he warned: "Why am I making this video? Omo, that cruise wey una dey catch, say you no go pay. Omo, you go pay o. Except you want to remain where you are for life."
Reactions from Social Media Users
Legit.ng compiled reactions from TikTok users who watched the video. Some of the comments include:
- Chinedu Emmanuel said: "That one na small challenge ??. I no wan even borrow loan for future."
- UJU Baby said: "Pay back, hmmm, for interest rates dey high."
- Scents Klassified said: "Did their interest rate accumulate all those years? Abi they stopped adding the interest after a while?"
- Full Moon said: "I go advance no be by force to borrow loan again before I advance."
- numzzie concept said: "Na only PalmPay talk truth coz why Opay gimme 26k now them say I de owe them 68k. ?"
In a related story, a man shared his experience after a loan app lent him N330k in December 2024. He displayed his loan history details online, showing that he was told to pay an interest of N415,800, bringing the total repayment to N745,800. Meanwhile, another Nigerian youth who borrowed N20,000 from a loan app publicly lamented after seeing the total debt he now owes after 247 days. The worried man shared a screenshot on X (formerly Twitter) showing his current outstanding overdue debt.
