Who We Are
FLAGLA LENDING LTD is a private limited liability company incorporated in Nigeria (RC Number: 8455713), operating as a fully licensed money lender under the Money Lenders Act. We are dedicated to providing ethical, automated, and secure short-term credit products to Nigerian citizens and micro-merchants who are often underserved by traditional banking channels.
By utilizing advanced mobile credit-scoring algorithms and instant bank disbursement channels, we bridge the temporary liquidity gap for thousands of customers daily, ensuring they have access to funds exactly when they need it.
Our Core Principles
1. Integrity & Transparency
We display all borrowing terms, interest charges, and repayment timelines upfront. We have a zero-tolerance policy for hidden fees, ensuring that our customers are always in full control of their financial obligations.
2. Security & Compliance
We operate in strict adherence to the Nigeria Data Protection Regulation (NDPR). All user profile data is encrypted in transit and in storage, protecting our borrowers' privacy. We do not engage in unethical debt collection practices.
3. Customer Empowerment
We design products that foster healthy credit habits. Through our credit growth system, customers who repay on time naturally unlock larger limits, longer tenures, and lower rates, helping them build their credit profile.
Company Leadership
FLAGLA LENDING LTD is guided by an experienced board of directors with background in banking, risk management, and consumer finance in Nigeria:
- Lukmon Muniru Abolade — Co-Founder & Director
- Abel Daniel Falola — Co-Founder & Director
Licensing and Regulation
FLAGLA LENDING LTD is registered under the laws of the Federal Republic of Nigeria. Our money lending licenses are issued by the relevant regulatory and judicial authorities, including the Lagos State Ministry of Justice and the Chief Magistrate Court of the Federal Capital Territory (FCT), Abuja.
We work in collaboration with licensed Credit Bureaus in Nigeria and report credit information routinely, promoting a safe and robust financial ecosystem.