We Do Not Arrest Loan Defaulters – EFCC

The Economic and Financial Crimes Commission has come out to say that the agency does not issue arrest warrants for loan defaulters as allegedly claimed by some of these loan companies.

The commission recently had its say via a statement released on its official X account, and Nigerians have been reacting.

According to EFCC, they do not issue arrest warrants as purported by these companies, so the brands in question should desist from such fraudulent engagements as the EFCC will stop at nothing to make them pay for their crimes.

EFCC added that auditors of such documents falsely link their threats against loan defaulters to the commission.

It 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.