“ EFCC cannot recover debts”. Economic and Financial Crimes Commission (EFCC) has powers to recover stolen monies and not loans and debts. Just like police and other security agencies, EFCC is not for debt recovery and cannot interfere with civil transactions and businesses unless there is evidence of fraud and crime generally. The amount of debt, it’s duration and even refusal to repay by a debtor does not make debt a crime. My authority is section 6 of Economic and Financial Crimes Commission Act, 2004. Share this till it gets to those that need it most. Save a Nigerian today! #DailyLawTips #SabiLaw #LearnNigerianLaw To receive our Daily Law Tips for free follow our Facebook page, Twitter, Instagram and YouTube via “@LearnNigerianLaws”. Powered by www.LearnNigerianLaws.com]]>
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