02/06/2025
Guarantor Without Consent: When Trust Turns into Trouble
Today’s episode of the Safety Train Radio Show, “Guarantor Without Consent: When Trust Turns into Trouble,” shed light on a troubling and increasingly common reality—many Nigerians are unknowingly listed as guarantors, only discovering this when the borrower defaults.
Our guest, Barrister Adegbola, clarified the legal definition and responsibilities of a guarantor, stressing that explicit consent—verbal or written—is legally required for a guarantor agreement to be valid. Using someone's name without their permission constitutes fraud and is punishable by law.
🔑 Key Takeaways:
* Being a guarantor means taking on legal and financial responsibility if a borrower fails to meet their obligation.
* Consent is critical—no one should be listed as a guarantor without their full, informed agreement.
* Unauthorized guarantorship can result in credit damage, legal action, and significant financial hardship.
* Individuals must understand the nature of the transaction and know the character of the person they’re guaranteeing.
* Loan apps and lenders can be held legally liable for failing to verify guarantor consent.
* Victims of unauthorized listings should consult legal professionals immediately and report the incident as fraud.
* Stronger government regulations and public awareness are needed to close existing gaps and protect citizens from identity misuse.
Missed the session? Listen to the full episode here: https://youtu.be/G57luHNKiE0
This vital discussion was proudly supported by Rely Supply Limited – providers of first aid boxes and certified training services.
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Stay informed. Protect your name. Know your rights.
Stay safe, stay empowered.