The Economic and Financial Crimes Commission, has denied using arrest warrants to threaten loan defauters, warning loan companies to desist from using its name.
EFCC disclosed this in a statement issued on Friday, in reaction to reports of some loan companies circulating contrived documents on ‘Arrest Warrant Processing’, ‘Loan Fraud Escalation’ and others, purportedly issued by the Commission against loan defaulters.
The commission stated that it does not issue arrest warrants on loan defaulters.
“Authors of such documents are falsely linking 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,” EFCC stated.
It, however, called on loan companies linking the commission to their loan recovery efforts should stop from such fraudulent engagements.
“As the EFCC may stop at nothing to bring them to book.”
