The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to loan companies, cautioning them against using the EFCC’s name to intimidate individuals in their pursuit of loan recovery from defaulters.
The anti-corruption agency, through its spokesperson, Dele Oyewale, issued this warning while disavowing any involvement in the loan recovery process, which contradicts certain documents being employed to threaten defaulters by some of these companies.
In the statement released on Friday, the EFCC identified several fabricated documents sent to loan defaulters by these loan companies. These documents falsely attribute their threats to the Commission and carry headlines such as “Arrest Warrant Processing” and “Loan Fraud Escalation,” among others.
The EFCC firmly clarified, “Authors of such documents are falsely linking their threats against loan defaulters to the Commission. The public is urged to exercise caution regarding such claims. As a standard practice, the EFCC does not issue arrest warrants for loan defaulters.”
The anti-graft agency went on to warn loan companies against associating the Commission with their loan recovery endeavours, emphasizing that such fraudulent activities could lead to serious consequences, as the EFCC is prepared to take legal action against those involved in such practices.
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