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EFCC Distances Self From Loan Companies, Says It Does not Issue Arrest Warrant On Loan Defaulters

This is for those of you who are being threatened by loan sharks you borrowed money from…..EFCC says it does not arrest anyone who borrowed money and cannot pay back…....CONTINUE.FULL.READING>>>

The Economic and Financial crimes commission press release says….

”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.”…..CONTINUE.FULL.READING>>>

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About the author


JOLOWO BUNALAYEFA PIUS is the Chief Executive Officer (CEO) for BUNADY NEWSLITE GLOBAL ENTERPRISE ( He started his Blogging/Journalism career at God's Own Wireless Company 2012. He's a graduate of Adekunle Ajasin University Akungba Akoko Ondo State, with a major in History And International Studies. You can contact him for press events, advertisement promotions on Email:

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