EFCC Denies Arresting Loan Defaulters

Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has denied issuing any warrants of arrest against loan defaulters in the country.

EFCC Does not Issue Arrest Warrant on Loan Defaulters

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,… pic.twitter.com/raBZtFts2q

— EFCC Nigeria (@officialEFCC) October 20, 2023

A press statement by the spokesperson for the agency, Mr. Dele Oyewale, said: 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.”

Oyewale noted that the authors of such documents are falsely linking their threats against loan defaulters to the Commission.

He enjoined the public to be wary of such claims: “As a rule, the EFCC does not issue arrest warrants 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,” Oyewale warned.