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EFCC debunks issuing arrest warrants on loan defaulters

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EFCC arrests 26 internet fraudsters in Abuja

The Economic and Financial Crimes Commission (EFCC) has stated that it does not issue arrest warrants for loan defaulters.

In a statement made public on the commission’s verified X handle on Friday, the commission noted that several loan companies “are falsely linking their threats against loan defaulters to the Commission.”

These come on the heels of “contrived documents on arrest warrant processing” being circulated by some loan companies “purportedly issued by the Commission against loan defaulters.”

Warning loan companies to desist from such claims, the Commission urged the public to be wary of such claims.

The statement reads “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 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 warrants on loan defaulters.

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“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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