Loan sharks: EFCC Warns Businesses About Issuing Fictitious EFCC arrest warrants For Defaulters

EFCC talks tough and warns businesses about issuing fictitious EFCC arrest warrants for defaulters

Loan businesses have been warned by the Economic and Financial Crimes Commission (EFCC) not to threaten its defaulters with arrest orders that were ostensibly issued by the Commission.

The agency stated that it will do all it took to bring them to justice in a statement released in Abuja by its spokesman, Dele Oyewale.

Oyewale warns the public to be aware of such allegations because the EFCC does not issue arrest warrants on loan defaulters, claiming that the authors of such publications are wrongly attributing their threats against loan defaulters to the Commission.

He said that several fabricated paperwork on "arrest warrant processing" had caught the commission's eye.

"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."