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The Economic and Financial Crimes Commission (EFCC) has cautioned loan companies against threatening their defaulters with arrest warrants purportedly issued by the Commission.
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In a statement issued in Abuja by its spokesman, Dele Oyewale, the agency said it may stop at nothing to bring them to book.
According to Oyewale, the authors of such documents are falsely linking their threats against loan defaulters to the Commission, calling on the public to be wary of such claims as the EFCC does not issue arrest warrant on loan defaulters.
He said: The attention of the commission 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.
“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.”
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