The Economic and Financial Crimes Commission has advised the public to beware of loan scammers and check properly before seeking loan from a company.
The advice was given during a recent ‘EFCC Connect’, a Twitter discussion by Hauwa Modu Maina, an officer of the Abuja Zonal Command.
She revealed that many people had fallen victim to loan scams because of not doing their due diligence before taking the loans.
Maina explained that “Loan Scam is any loan offered under false pretence. Locally, there are loan scams that could be charity scams, government imposter scams, fake cheque scams, debit scams, advance fee loan scams, and so on.
She said there are also “Loan Sharks” who give loans but make conditions for repayment difficult, and would go to any length to recover the loan. Maina described this category of loan companies as “scammers.”
She said on social media like Facebook, it’s common to come across a loan advert asking you to apply. “They’ll first…
