The Economic and Financial Crimes Commission has said the agency does not issue arrest warrants for loan defaulters as allegedly claimed by some of these loan companies.

In a statement released on the official X account of the Commission on Friday, the EFCC stated that they do not issue arrest warrants as purported by these companies.

According to the EFCC, some of these companies send out documents with lists of those on the Commission’s alleged arrest list to scare defaulters into paying their loans.

Debunking this claim, the Commission warned such companies to desist from such ‘fraudulent engagements as the EFCC may stop at nothing to bring them to book.’

The statement titled, ‘EFCC Does not Issue Arrest Warrant on Loan Defaulters’, 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 falsely link 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.

“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.” (The PUNCH)