Scammers lasg set to review money lending operations

It seems like you're referring to the recent news about the Lagos State Government setting up a committee to review money lending operations in the state.

For those who may not be aware, the Lagos State Government has indeed established a committee to review the activities of money lending operators in the state. This move is aimed at ensuring that these operators are operating within the bounds of the law and not taking advantage of vulnerable individuals.

The committee, which is headed by the Lagos State Commissioner for Finance, will be responsible for reviewing the operations of money lending operators in the state, including their interest rates, repayment terms, and other business practices. The committee will also be tasked with identifying areas where these operators may be violating the law and making recommendations for improvement.

This development is a welcome move, as it will help to ensure that money lending operations in Lagos State are transparent, fair, and beneficial to all parties involved. It will also help to protect vulnerable individuals from being taken advantage of by unscrupulous operators.

It's worth noting that the Lagos State Government has been taking steps to regulate the activities of money lending operators in the state, including the establishment of a regulatory agency to oversee their activities. This agency will be responsible for ensuring that these operators are operating within the bounds of the law and providing a level playing field for all operators.

Overall, the establishment of this committee is a positive development that will help to promote transparency, fairness, and accountability in the money lending industry in Lagos State.