EFCC Exposes 58 Illegal Ponzi Scheme Operators

EFCC Exposes 58 Illegal Ponzi Scheme Operators: Full List of Fraudulent Companies Revealed

The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to Nigerians regarding the operations of 58 fraudulent companies masquerading as legitimate investment platforms. These entities have been accused of defrauding unsuspecting citizens of their hard-earned money through illegal Ponzi schemes.

In a statement released yesterday in Abuja, EFCC spokesperson Dele Oyewale emphasized the commission’s commitment to cleaning up Nigeria’s financial sector and providing the public with accurate information to combat financial fraud. Oyewale revealed that none of the implicated companies are registered with the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC), the two primary regulatory bodies overseeing financial and investment activities in the country.

According to Oyewale, the EFCC has already charged several of these companies to court. Five have been convicted, another five have pleaded guilty and are awaiting review of facts, while the remaining cases are pending arraignment. The commission remains vigilant in its efforts to protect Nigerians from predatory financial schemes and to promote economic growth through its anti-corruption mandate.

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Full List of Exposed Ponzi Scheme 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. GlobertrotFarmsponsors 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

EFCC’s Commitment to Financial Security

The EFCC has reassured the public of its unwavering dedication to monitoring and regulating Nigeria’s economic landscape. By identifying and prosecuting fraudulent operators, the commission aims to safeguard citizens from financial exploitation and foster a more secure and transparent investment environment.

Nigerians are urged to exercise caution and verify the legitimacy of any investment opportunity with the appropriate regulatory authorities before committing funds. The EFCC remains committed to its mandate of combating corruption and promoting economic stability in Nigeria.