The Economic and Financial Crimes Commission (EFCC) has clarified that it does not issue arrest warrant on loan defaulters.
EFCC made this known in a statement posted on X (formerly Twitter) on Friday, October 20.
“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,” the Commission stated.
The law enforcement agency revealed that issuing arrest warrant on loan defaulters is not part of its duties.
“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 warrant on loan defaulters.”
EFCC also asked the loan companies linking the commission to their loan recovery efforts to desist from such acts, adding that it ‘may stop at nothing to bring them to book.’
