Parliament summons Mogo over 110 boda‑boda rider complaints of predatory lending
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The digital lending company Mogo must attend a parliamentary hearing on November 5. This summons follows complaints from 110 boda-boda riders. The riders allege the firm used predatory lending practices. Specifically, they cite excessive interest rates and opaque terms. Some riders also reported aggressive repossessions of their vehicles.
Mogo, a digital‑lending firm, faces a parliamentary hearing on Nov 5 after 110 riders allege excessive interest, opaque terms and aggressive repossessions.