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.''
Rather than go after this thieves extorting monies from Nigerians, you are issuing disclaimer. They do the most unethical things to their debtors, a lady committed suicide in Kwara State recently. Do we have regulatory bodies at all in this country?
ReplyDeleteNigerians also need to live within their means. A difficult situation is never a good excuse to make things worse.
DeleteNo one extorted money from Nigerians. Nigerians chose to take loans at very high interest rates. The government have warned Nigerians severally not to patronise these people but people keep going to the loansharks. Even in the USA, payday lending is in every corner of poor communities ready to ruin your credit for life but if you follow government advice, live within your means and stay away from them, you are home and dry.
Because Efcc no dey respect their self, no means say una go turn them to joke na! Na wah.😁
ReplyDeleteHahahahahahhahaahha good for lenders then
ReplyDeleteIt's well
ReplyDeleteLol 😆
ReplyDeleteEfcc.
But my own is if you borrow make you pay am.
These people give you their money without any collateral even though their rates are extremely high and you still took it.
And you don't want to pay back.
Borrowing money from these people is the last thing I will do.
Lol 😆
ReplyDeleteEfcc.
But my own is if you borrow make you pay am.
These people give you their money without any collateral even though their rates are extremely high and you still took it.
And you don't want to pay back.
Borrowing money from these people is the last thing I will do.
Nigeria should do better on the issue if Courts helping lenders get their money back. These companies and individual lenders go to extremes cause they can’t get speedy justice in court.
ReplyDeleteThe thing is some persons borrow these monies from different loan sharks without ever having the intent to pay.
ReplyDelete