In its ongoing efforts to cleanse Nigeria’s financial sector and protect the public from fraudulent investment schemes, the Economic and Financial Crimes Commission (EFCC) has issued a warning about 58 companies operating illegally as investment entities.
These companies are accused of defrauding unsuspecting Nigerians of their hard-earned money through Ponzi schemes.
The EFCC revealed that none of the listed companies are registered with the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC). Both regulatory bodies, in separate communications with the EFCC, confirmed that these entities are not authorized to operate in Nigeria.
The Commission has already taken legal action against many of these companies. So far, five have been convicted, another five have pleaded guilty and are awaiting review of facts, while the remaining cases are pending arraignment.
Below is the full list of the 58 illegal operators:
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 Tech
7. Green Eagles Agricbusiness Solution Limited
8. Richfield Multiconcepts Limited
9. Forte Asset Management Limited
10. Biss Networks Nigeria Limited
11. S Mobile Netzone Limited
12. Pristine Mobile Network
13. Letsfarm Integrated Services
14. Bara Finance & Investment Limited
15. Vicampro Farms Limited
16. Brooks Network Limited
17. Gas Station Supply Services Limited
18. Brass & Books Limited
19. Annexation Biz Concept
20. Maitanbuwal Global Ventures
21. Crowdyvest Limited
22. Jadek Agro Connect Limited
23. Adeeva Capital Limited
24. Oxford International Group
25. Oxford Gold Integrated
26. Skapomah Global Limited
27. MBA Trading & Capital Investment Limited
28. TRJ Company Limited
29. Farm4Me Agriculture Limited
30. Quintessential Investment Company
31. Adeprinz Global Enterprises
32. Rockstar Establishment Limited
33. SU.Global Investment
34. Citi Trust Funding PLC
35. Farm Buddy
36. Eatrich 369 Farms & Food
37. Globertrot Farmsponsors Nigeria Limited
38. Farm Sponsors Limited
39. Cititrust Credit Limited
40. Farmfunded Agroservices Limited
41. Adamakin Investment & Works Limited
42. Cititrust Holding PLC
43. Green Eagles Agribusiness Solutions Limited
44. Chinmark Homes & Shelters Limited
45. Emerald Farms & Consultant Limited
46. Ovaioza Farm Produce Storage Limited
47. Farm 360 & Agriculture Company
48. Requid Technologies Limited
49. West Agro Agriculture & Food Processing Limited
50. NISL Ventures Limited & Estate of Laolu Martins
51. XY Connect Investment Limited
52. River Branch Unique Investment Limited
53. Hallmark Capital Limited
54. CJC Markets Limited
55. Crowd One Investment
56. Farmkart Foods Limited
57. KD Likemind Stakeholders Limited
58. Holibiz Finance Limited
59. Ifeanyi Okpe Oil & Gas Services
60. Servapps Nigeria Limited
61. Barrick Gold Mining Company
62. 360 Agric Partners Limited
The EFCC has reiterated its commitment to vigilance and proactive monitoring of all entities operating within Nigeria’s economic space. The Commission aims to protect the public from predatory and fraudulent operators while leveraging its anti-corruption mandate to foster economic growth and stability.
The public is urged to exercise caution and verify the legitimacy of any investment opportunity before committing funds.
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