Kohima: Nagaland residents remain largely uninformed about money-lending and anti-money laundering laws. Neiko Akami, Member Secretary of the Nagaland State Legal Service Authority, sounded the alarm on October 7. High interest rates on local loans create major headaches for the state. People need to know how these transactions work.
Akami spoke to more than 20 Para Legal Volunteers at Kohima Law College during a specialized outreach event. The team pushed information on four key statutes: the Nagaland Liquor Total Prohibition Act of 1989, the Consumer Protection Act of 2019, the Nagaland Money Lenders Act of 2005, and the Prevention of Money Laundering Act of 2002. They handed out simplified pamphlets to roughly 600 people.
Consumer ignorance persists despite existing safeguards. Akami noted, "There is a need for greater awareness of the legal framework governing such transactions." Residents often stay in the dark about how to handle unfair trade practices, bad goods, or poor service. The team also addressed ongoing struggles with the state liquor ban, urging the public to better understand the law for the sake of the community.
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