In response to accusations that some lending businesses were spreading fake documents about "Arrest Warrant Processing," "Loan Fraud Escalation," and other reportedly issued by the Commission against loan defaulters, the EFCC made this information known in a statement released on Friday.

The commission stated that loan defaulters do not receive arrest warrants.

"The authors of such publications are erroneously associating the Commission to their threats against loan defaulters. The general public is urged to be skeptical of such statements. The EFCC indicated that it typically does not issue arrest warrants for loan defaulters.

However, it advised loan companies to stop engaging in such dishonest practices by attaching the commission to their debt recovery operations.

As the EFCC may use every measure necessary to bring them to justice