Pastor Paul Enenche Warns Nigerians Against Loan Apps, Describes Them as “Demonic Traps”

The Senior Pastor of Dunamis International Gospel Centre, Dr. Paul Enenche, has issued a stern warning to Nigerians, urging them to steer clear of online loan apps, which he described as “agents of the devil in covenant with the spirit of debt.”

Speaking during Sunday’s service in Abuja, Enenche lamented the growing cases of depression and suicide linked to these platforms. He explained that while loan apps promise quick financial relief, they often subject borrowers to harassment, intimidation, and disgrace once they default.

“Some of these platforms even go as far as publishing defamatory statements and fake obituaries online to disgrace debtors,” Enenche said, condemning the unethical practices.

The fiery cleric stressed that Christians, in particular, must resist the temptation of easy money, describing the cycle of debt as spiritually destructive.

His remarks come amid rising public outrage against the privacy breaches and extreme recovery measures employed by many digital lenders in Nigeria.

Opinion: Beyond Faith, a Call for Financial Discipline and Regulation

Pastor Enenche’s warning resonates far beyond the church walls. While his framing comes from a spiritual perspective, the underlying message is universal: debt traps destroy lives. Many Nigerians, driven by financial hardship, turn to loan apps as quick fixes. But as countless stories reveal, these platforms often plunge people deeper into financial and emotional turmoil.

The truth is, debt without discipline is bondage. And when that bondage is coupled with harassment and public shame, it becomes a recipe for despair. Enenche is right—Christians and non-Christians alike must learn to resist the lure of “easy money.”

But personal discipline alone is not enough. Regulators must intensify efforts to rein in predatory loan companies whose practices border on abuse and human rights violations. Financial literacy campaigns should also be strengthened, so people know healthier ways to manage money.

At its core, this is a call to rethink how we handle financial pressures. As Enenche’s words remind us: some quick solutions come with long-lasting scars.