Home News DCI alarmed by the number of mobile money lending apps defrauding Kenyans

DCI alarmed by the number of mobile money lending apps defrauding Kenyans

The Director of Criminal Investigations (DCI) has raised concerns regarding the rise of fake mobile money lending apps used to con Kenyans.

The DCI noted that a recent study conducted by a research cybersecurity company revealed that hundreds of apps from a renowned application store ran potentially harmful adverts that will cause many Kenyans to lose money.

According to the investigating agency, downloading the loan apps from these stores put Kenyans at the hands of fraudsters.

The body added that the fake apps request people for some registration fee before they can give them a loan. Additionally, after asking for the money, they don’t let the customer know how they plan to pay back the money.

Although it’s normal for some fee to be paid prior to giving out cash, legitimated lenders always reimburse the money via the requested loan.

On the other hand, fraudsters ask for a fee before giving out money. Upon receiving the payment, the borrower will never get any funds.

The Directorate of Criminal Investigations said fraudsters businesses aren’t registered with the county or national government. In addition, they don’t have a physical address or contact number.

Giving out vital information

To protect Kenyans from such scammers, the DCI requested that people shouldn’t be quick to give out their bank account details, pin, passwords, and usernames when using these applications.

Users have been asked to check out reviews before downloading these apps. They should also report the scam to respective online stores.

Related news

Maraga gave President Uhuru grenade after removing safety pin – Duale reacts to CJ’s call for dissolution of Parliament

Garissa Township Member of Parliament Aden Duale on Tuesday 22 September 2020 reacted to Chief Justice David Maraga’s call for the dissolution of Parliament...

Ruto makes an impromptu visit to Jubilee Headquarters

The Deputy President William Ruto has on Tuesday made an impromptu visit to the Jubilee party headquarters. Citizen TV journalist Francis Mtalaki has taken to...

DP Ruto promises millions of cash to athletes, apologizes for mistreatment by government

Deputy President William Ruto on Tuesday 22 September 2020, promised sportsmen living with disabilities if they win medals in international sporting activities. Speaking in his...

FOLLOW US

15,777FansLike
3,543FollowersFollow

Popular Stories

Uhuru rewards governor with ksh 150 M for his hard work

President Uhuru Kenyatta has rewarded Kwale governor Sam Mvurya with KSH 150 Million after his hard work impressed the president. Uhuru was on tour to...

DCI boss Kinoti speaks after Kakamega County Senator Malala claimed his...

Directorate of Criminal Investigations boss George Kinoti has responded after Kakamega County Senator Cleophas Malala claimed that his life was in danger. Speaking before the...

Universities urged to prepare for phased re-opening

The Ministry of Education has asked Universities to kick off repair plans as a measure of preparation for phased reopening. Amb Simom Nabukwesi, Principal Secretary...

General Badi speaks on the lunar park demolitions, lashes out at...

On 16th September Nairobi Metropolitan Service (NMS) Director-General Mohammed Badi held a press conference at Lunar park, Nairobi to explain the ongoing demolitions. However,...

Magoha releases new health guidelines for school reopening

Education Cabinet Secretary Professor George Magoha has released the new health guidelines for reopening primary and secondary schools. The new protocol outline measures basic measures...

President Uhuru meets with Raila, Oparanya, promises Ksh. 50 billion to...

President Uhuru Kenyatta on Tuesday 15 September 2020 promised County Governors Ksh. 50 billion in the next financial year (2021/2022) to resolve County revenue...
Loading...