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Mayor Akilit orders ban on ‘5-6’ money lenders in Bauko

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Bauko Mayor Abraham Akilit has ordered a ban on unscrupulous “5-6” money lenders into the town.

The Mountain Province politiko explained that these loan sharks deceive residents into borrowing money despite their lack of capacity to pay them.

Akilit said money lenders from Buguias have been reported to have been entering Bauko.

He pointed out that 5-6 money lenders are not even allowed to roam around the town because of the restrictions imposed due to the coronavirus disease (COVID19) pandemic.

Akilit added that these lenders do have any government permits.

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