The Economic and Financial Crimes Commission (EFCC) has emphatically denied issuing arrest warrants for loan defaulters, refuting allegations made by certain loan companies. In an official statement posted on the Commission’s authorized platform, the EFCC clarified that they have never issued arrest warrants, as claimed by these companies.
According to the EFCC, some of these loan companies have been sending out documents containing lists of individuals supposedly on the Commission’s fabricated arrest list in an attempt to intimidate defaulters into repaying their loans.
The Commission strongly rebuked such practices and warned these companies to cease their fraudulent activities, asserting that the EFCC is prepared to take legal action against them.
The statement, titled ‘EFCC Does not Issue Arrest Warrant on Loan Defaulters,’ conveys, “The EFCC has been made aware of the dissemination of fabricated documents related to ‘Arrest Warrant Processing,’ ‘Loan Fraud Escalation,’ and other materials by certain loan companies.
These documents falsely attribute their threats against loan defaulters to the EFCC.
“The public is urged to exercise caution when encountering such claims, as it is a well-established fact that the EFCC does not issue arrest warrants for loan defaulters.
Loan companies attempting to associate the Commission with their loan recovery efforts must immediately cease such deceptive practices, as the EFCC is fully prepared to take legal action against them.
