The Economic and Financial Crimes Commission (EFCC) has emphatically denied issuing arrest warrants for loan defaulters, countering allegations made by certain loan companies.
In an official statement shared on the Commission’s verified account, the EFCC categorically stated that it does not issue arrest warrants as some loan companies have purported.
The EFCC further revealed that certain companies resort to sending documents containing lists of individuals allegedly targeted for arrest by the Commission as a means to pressure loan defaulters into repaying their loans.
The Commission went on to rebuff these claims and issued a stern warning to the implicated companies, cautioning them to cease such “fraudulent engagements.” The EFCC stressed that it is prepared to take decisive action to hold these companies accountable for their actions.
The statement, titled “EFCC Does not Issue Arrest Warrant on Loan Defaulters,” conveyed the following:
“The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to some contrived documents on ‘Arrest Warrant Processing,’ ‘Loan Fraud Escalation,’ and others being circulated by some loan companies, purportedly issued by the Commission against loan defaulters.
“Authors of such documents falsely link their threats against loan defaulters to the Commission. The public is enjoined to be wary of such claims. As a rule, the EFCC does not issue arrest warrants on loan defaulters.
“Loan companies linking the Commission to their loan recovery efforts should desist from such fraudulent engagements as the EFCC may stop at nothing to bring them to book.”
| Punch Newspaper
