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Posted By OgaDeyVex On October 23rd, 2023

The Economic and Financial Crimes Commission (EFCC) has warned the public to be wary of loan companies using its name to threaten loan defaulters.

EFCC made this known in a statement issued on Friday, in response 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 noted 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, urged 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.”

Source: https://www.google.com/amp/s/guardian.ng/news/efcc-warns-loan-companies-against-using-its-name-to-threaten-defaulters/amp