How To Register As A Moneylender Company In Lagos State
For a company to become a legitimate moneylender, it is not sufficient to register the company alone with the Corporate Affairs Commission. Further steps must be taken before the company can engage in the business of money lending.
What this means is that in order to operate as a moneylender, a company must obtain a moneylender’s license.
However, you really do not need to register a company to become a licensed moneylender. Under the moneylender’s Law of Lagos State, a moneylender’s license can be granted to either an individual or a corporate body.
For an individual or a company to become a licensed moneylender, the individual must obtain the moneylender’s license to practice in Lagos State.