Metro
EFCC Warns Nigerians, Releases List of 58 Ponzi Schemes (Full List)
- EFCC has identified 58 fake investment companies running illegal Ponzi schemes that are not registered with the CBN or SEC.
- Some of these companies have been convicted or pleaded guilty, while others are still under investigation or awaiting trial.
- The public is advised to be cautious and verify any investment platform with the appropriate financial regulators before committing money.
The Economic and Financial Crimes Commission (EFCC) is warning Nigerians about 58 fake investment companies operating across the country.
These companies pretend to be real businesses, but they are actually running Ponzi schemes—scams where people are tricked into investing their money with the promise of high returns.
None of these companies are registered or approved by the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC). Both regulators have confirmed in letters to the EFCC that the companies are not licensed.
- EDITOR’S PICK
- Boxing: Portable Defeats Speed Darlington In Celebrity Showdown
- Tough Nigeria Economic Reforms Yet to Benefit the Poor – IMF*
- Police Arrests Three Alleged IPOB Members, Seizes Weapons and Cash
So far, EFCC has taken several of these companies to court. Five have already been convicted, five others have pleaded guilty and are waiting for sentencing, while the rest are still being investigated or will be charged soon.
- FURTHER READING
- Building Collapse in Ojodu-Berger Leaves Many Trapped
- Tinubu’s Policies Will Change Nigeria – CPC Youths Denies Defection
- Ebi Festival: Monarchs Gather to Bless Oba Omola’s New Hilux
Here is the list of the 58 illegal companies:
1. Wales Kingdom Capital
2. Bethseida Group of Companies
3. AQM Capital Limited
4. Titan Multibusiness Investment Limited
5. Brickwall Global Investment Limited
6. Farmforte Limited & Agro Partnership
7. Tech Green Eagles Agribusiness Solution Limited
8. Richfield Multiconcepts Limited
9. Forte Asset Management Limited (Biss Networks Nigeria Limited)
10. S Mobile Netzone Limited
11. Pristine Mobile Network
12. Letsfarm Integrated Services
13. Bara Finance & Investment Limited
14. Vicampro Farms Limited
15. Brooks Network Limited
16. Gas Station Supply Services Limited
17. Brass & Books Limited (Annexation Biz Concept & Maitanbuwal Global Ventures)
18. Crowdyvest Limited
19. Jadek Agro Connect Limited
20. Adeeva Capital Limited
21. Oxford International Group and Oxford Gold Integrated
22. Skapomah Global Limited
23. MBA Trading & Capital Investment Limited
24. TRJ Company Limited
25. Farm4Me Agriculture Limited
26. Quintessential Investment Company
27. Adeprinz Global Enterprises
28. Rockstar Establishment Limited
29. SU.Global Investment
30. Citi Trust Funding PLC
31. Farm Buddy
32. Eatrich 369 Farms & Food
33. Globertrot Farmsponsors Nigeria Limited
34. Farm Sponsors Limited
35. Cititrust Credit Limited
36. Farmfunded Agroservices Limited
37. Adamakin Investment & Works Limited
38. Cititrust Holding PLC, Green Eagles Agribusiness Solutions Limited, Chinmark Homes & Shelters Limited
39. Emerald Farms & Consultant Limited
40. Ovaioza Farm Produce Storage Limited
41. Farm 360 & Agriculture Company
42. Requid Technologies Limited
43. West Agro Agriculture & Food Processing Limited
44. NISL Ventures Limited
45. Estate of Laolu Martins
46. XY Connect Investment Limited
47. River Branch Unique Investment Limited
48. Hallmark Capital Limited
49. CJC Markets Limited
50. Crowd One Investment
51. Farmkart Foods Limited
52. KD Likemind Stakeholders Limited
53. Holibiz Finance Limited
54. Ifeanyi Okpe Oil & Gas Services
55. Servapps Nigeria Limited
56. Barrick Gold Mining Company
57. 360 Agric Partners Limited
CBEX
The EFCC promises to continue
watching and investigating all businesses and financial players in Nigeria. The goal is to protect citizens from fraud and help the economy grow.
For more updates, visit efcc.gov.ng.
Click Here For Video of The Week
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
