The Economic and Financial Crimes Commission (EFCC) has raised an alarm over the operations of 58 companies disguising as investment platforms while defrauding unsuspecting Nigerians of their hard-earned money.
In a statement, the anti-graft agency reaffirmed its commitment to sanitizing Nigeria’s financial space and providing the public with credible information about illegal Ponzi schemes operating across the country.
According to the EFCC, these companies are neither registered with the Central Bank of Nigeria (CBN) nor the Securities and Exchange Commission (SEC). Both regulators, in separate correspondences, confirmed that the entities are not licensed under their supervision.
The commission further disclosed that several of the implicated firms have been taken to court, with five companies already convicted. An additional five have pleaded guilty and are awaiting a review of facts, while the rest are still pending arraignment.
Below is the list of the 58 fraudulent companies operating illegally:
- Wales Kingdom Capital
- Bethseida Group of Companies
- AQM Capital Limited
- Titan Multibusiness Investment Limited
- Brickwall Global Investment Limited
- Farmforte Limited & Agro Partnership Tech
- Green Eagles Agribusiness Solution Limited
- Richfield Multiconcepts Limited
- Forte Asset Management Limited
- Biss Networks Nigeria Limited
- S Mobile Netzone Limited
- Pristine Mobile Network
- Letsfarm Integrated Services
- Bara Finance & Investment Limited
- Vicampro Farms Limited
- Brooks Network Limited
- Gas Station Supply Services Limited
- Brass & Books Limited
- Annexation Biz Concept
- Maitanbuwal Global Ventures Crowdyvest Limited
- Crowdyvest Limited
- Jadek Agro Connect Limited
- Adeeva Capital Limited
- Oxford International Group & Oxford Gold Integrated
- Skapomah Global Limited
- MBA Trading & Capital Investment Limited
- TRJ Company Limited
- Farm4Me Agriculture Limited
- Quintessential Investment Company
- Adeprinz Global Enterprises
- Rockstar Establishment Limited
- SU.Global Investment
- Citi Trust Funding PLC
- Farm Buddy
- Eatrich 369 Farms & Food
- Globertrot Farmsponsors Nigeria Limited
- Farm Sponsors Limited
- Cititrust Credit Limited
- Farmfunded Agroservices Limited
- Adamakin Investment & Works Limited
- Cititrust Holding PLC
- Chinmark Homes & Shelters Limited
- Emerald Farms & Consultant Limited
- Ovaioza Farm Produce Storage Limited
- Farm 360 & Agriculture Company
- Requid Technologies Limited
- West Agro Agriculture & Food Processing Limited
- NISL Ventures Limited & Estate of Laolu Martins
- XY Connect Investment Limited
- River Branch Unique Investment Limited
- Hallmark Capital Limited
- CJC Markets Limited
- Crowd One Investment
- Farmkart Foods Limited
- KD Likemind Stakeholders Limited
- Holibiz Finance Limited
- Ifeanyi Okpe Oil & Gas Services
- Servapps Nigeria Limited
- Barrick Gold Mining Company
- 360 Agric Partners Limited
EFCC’s Commitment to Financial Safety
The EFCC reassured Nigerians that it remains vigilant in monitoring financial activities to protect citizens from fraudulent operators. The commission emphasized that it will continue to use its anti-corruption mandate to eliminate financial fraud and create a safer economic environment for legitimate businesses and investors.
The agency further urged the public to exercise caution and verify the credibility of investment platforms before committing funds. It encouraged individuals to report suspicious financial activities to relevant authorities for necessary action.
