By Ejiofor Toochi
The Economic and Financial Crimes Commission, EFCC, has warned loan companies against using their name to threaten their defaulters.
According to the statement released on Friday, October 20th, loan companies are reportedly using fake arrest warrant documents as a means to intimidate borrowers who have defaulted.
These fake documents are falsely linking their threats against the defaulters to the Commission.
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As a result, EFCC has clarified that they do not issue arrest warrants on loan defaulters.
The statement 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 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 warrant on 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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Former governors, ex-ministers, others under investigation – EFCC
In other news, The Economic and Financial Crimes Commission (EFCC) has revealed that some former governors, ministers, and ministry officials are under investigation.
Tje Commission confirmed on Wednesday that it has received a petition against them. It added that details of the investigation will soon be made public.
The spokesperson of EFCC, Dele Oyewale, also disclosed that the commission has recovered N27 billion and $19 million in three different cases it has investigated.
