The Economic and Financial Crimes Commission, EFCC, has recently released a statement to address a misconception regarding its role in issuing arrest warrants for loan defaulters.

The Statement titled: ‘EFCC Does not Issue Arrest Warrant on Loan Defaulters’, was posted on the Commission’s social media X handle on Friday, 20th October, 2023.

According to the EFCC, they do not issue arrest warrants for individuals who default on loans, contrary to claims made by certain loan companies.

In the statement, the EFCC emphasized that some loan companies have been circulating documents that falsely connect their threats against loan defaulters to the Commission.

These documents include mentions of “Arrest Warrant Processing” and “Loan Fraud Escalation,” suggesting a connection between the EFCC and efforts to recover loans.

The Commission clarified that, as a rule, they do not issue arrest warrants for loan defaulters.

They also warned loan companies against engaging in fraudulent activities and stated that the EFCC would take action against such entities if necessary.

In light of this development, the EFCC has reassured the public of its commitment to maintaining transparency and ensuring justice prevails in cases of financial crimes.

Story: Asma’u Sani