October 20, (THEWILL) – The Economic and Financial Crimes Commission (EFCC), has warned loan companies to stop using its name to intimidate and harass defaulters.
In a statement issued on Friday, by its spokesperson, Dele Oyewale, the anti-graft agency said it doesn’t issue arrest warrants on loan defaulters.
The statement reads: “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 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.
“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.”
