March 12, 2025
The Economic and Financial Crimes Commission, EFCC, has alerted the public about the activities of 58 companies allegedly operating illegal Ponzi schemes under the guise of investment opportunities.
The alert was contained in a statement issued by the commission’s Spokesperson, Dele Oyewale, in Abuja.
The commission said that the companies were neither registered with the Central Bank of Nigeria, CBN, nor the Securities and Exchange Commission, SEC, thereby, making their operations illegal and suspicious.
EFCC, said five of the companies been convicted as a result of the commission’s legal action against many of the entities, while another five have pleaded guilty and are awaiting further judicial prosecution.
The anti graft agency, listed the companies as Wales Kingdom Capital, Bethseida Group of Companies; AQM Capital Ltd.; Titan Multibusiness Investment Ltd.; Brickwall Global Investment Ltd.; and Farmforte Ltd. & Agro Partnership Tech.
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Others are Green Eagles Agricbusiness Solution Ltd.; Richfield Multiconcepts Ltd.; Forte Asset Management Ltd.; (Biss Networks Nigeria Ltd.; S Mobile Netzone Ltd.; Pristine Mobile Network), and Letsfarm Integrated Services.
Also in the list are, Bara Finance & Investment Ltd.; Vicampro Farms Ltd.; Brooks Network Ltd.; Gas Station Supply Services Ltd.; Brass & Books Ltd.; (Annexation Biz Concept & Maitanbuwal Global Venturescrowdyvest Ltd.) and Crowdyvest Ltd.
Others are Jadek Agro Connect Ltd.; Adeeva Capital Ltd.; Oxford International Group and Oxford Gold Integrated; Skapomah Global Ltd.; MBA Trading & Capital Investment Ltd.; TRJ Company Ltd.; and Farm4Me Agriculture Ltd.
It also include, Quintessential Investment Company; deprinz Global Enterprises; Rockstar Establishment Ltd.; SU.Global Investment; Citi Trust Funding PLC; Farm Buddy; Eatrich 369 Farms & Food; and Globertrot Farmsponsors Nig. Ltd.
The commission also listed Farm Sponsors Ltd.; Cititrust Credit Ltd.; Farmfunded Agroservices Ltd.; Adamakin Investment & Works Ltd.; ititrust Holding PLC; Green Eagles Agribusiness Solutions Ltd.; and Chinmark Homes & Shelters Ltd.
Others are include Emerald Farms & Consultant Ltd.; Ovaioza Farm Produce Storage Ltd.; Farm 360 & Agriculture Company; Requid Technologies Ltd.; West Agro Agriculture & Food Processing Ltd.
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Others are NISL Ventures Ltd. & Estate of Laolu Martins; XY Connect Investment Ltd.; River Branch Unique Investment Ltd.; Hallmark Capital Ltd.; CJC Markets Ltd.; Crowd One Investment; and Farmkart Foods Ltd.
Also listed are, KD Likemind Stakeholders Ltd.; Holibiz Finance Ltd.; Ifeanyi Okpe Oil & Gas Services; Servapps Nigeria Ltd.; Barrick Gold Mining Company and 360 Agric Partners Ltd.
EFCC, assured the public of continued vigilance in monitoring financial activities across the nation, stating that it remained committed to identifying and prosecuting opportunistic and predatory operators who exploit unsuspecting investors.
EFCC has therefore, advised Nigerians to always exercise caution and verify the legitimacy of investment firms through appropriate regulatory agencies before investing and engaging in any financial business.
