Banking, Economy & MoneyNews

“We Do Not Issue Arrest Warrant For Loan Defaulters” — EFCC

The Economic and Financial Crimes Commission (EFCC) has said it does not issue arrest warrants for loan defaulters as allegedly claimed by some of the loan companies.

The Commission made this known in a statement released on its official X account on Friday.

According to the EFCC, some of these companies send out documents with lists of those on the Commission’s alleged arrest list to scare defaulters into paying 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 was titled ‘EFCC Does not Issue Arrest Warrant on Loan Defaulters’.

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