We Don’t Issue Arrest Warrant on Loan Defaulters – EFCC Warns

Oct. 20, 2023

The Economic and Financial Crimes Commission, EFCC, has dissociated itself from 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.

In a statement by the EFCC on Friday, it said 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.