Nigeria’s Economic and Financial Crimes Commission (EFCC) has issued a statement to clarify that it does not issue arrest warrants for loan defaulters, contrary to claims made by certain loan companies. The EFCC emphasized that it does not engage in the issuance of arrest warrants for such purposes.
In a statement released via the official EFCC Twitter account on Friday, the Commission revealed that some loan companies have been circulating documents that include lists of individuals purportedly on the EFCC’s arrest list. These documents are used to intimidate loan defaulters into repaying their loans.
Debunking this claim, the Commission warned such companies to desist from such ‘fraudulent engagements as the EFCC may stop at nothing to bring them to book.’
The statement titled, ‘EFCC Does not Issue Arrest Warrant on Loan Defaulters’, read, “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.”