 The House of Representatives and Thirst Day unveiled plans to investigate alleged sharp practices levelled against the praises of unregulated online fintech, lending components and abuse of mobile digital loan applications in Nigeria. The resolution was passed to the adoption of a motion on the matter of urgent public importance sponsored by Honourable Ahmed Satomi who solicited for the House intervention. In his lead debate, the lawmaker expressed grave concern over the proliferation of online loan apps across Nigeria by some fraudulent and unscrupulous profiteers affecting many low-income Nigerians or arqueurs to borrow and get wrapped in the web of sham loan apps. The House thereafter mandated the joint committees and banking and currency financial crimes and telecommunications to investigate the alleged sharp practices and abuses by fintech and online mobile digital loan apps and reports within four weeks. of implicit financial flows, saying that these poor-regulated Nigerian fintech companies shamed 13 customers for late payments of loans and charged more than 45% interest. Cognizant that the needs to investigate the activities of these fintech companies, including cash cash, open letter pay, palm credit, branch quick cash, credit money, care care, easy credit, Naira loan, Naira Niger, new credit loan app, feature cash, shelter, all these are unregulated and has no low back in their operations.