Did you receive a strange debit alert on your phone with the description “GSI Recovery”? It can be confusing, frustrating, and even scary, especially if you were not expecting it. But don’t panic. This article will explain what a GSI Recovery debit alert means, why it happens, and what you should do next. What is GSI Recovery Debit Alert? A…
GSI Recovery
How to Stop GSI Recovery in Nigeria 2025
You may be shocked when you wake up to see money suddenly deducted from your bank accounts. If the debit alert looks like the one shown in the picture below: It is from the GSI Recovery deduction, a system introduced by the Central Bank of Nigeria (CBN). You may want to stop it; here is how to stop GSI Recovery deductions or…
GSI Recovery Explained (2025)
For a long time in the money lending business, debt recovery has always been a challenge. Many loans end up as non-performing loans (NPLs), meaning borrowers refuse to pay back. Because of the high default rate, the Central Bank of Nigeria (CBN) introduced the GSI Policy to help lenders recover debts more effectively. If you are lender or borrower and…
