WATCH THE VIDEO HERE Naijaonpoint reports that these firms, posing as legitimate investment entities, were found to be unregistered with both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The revelation came through separate correspondences received by the EFCC from the two regulatory bodies. In a statement issued on Tuesday, EFCC’s Head of Media and Publicity, Dele Oyewale, disclosed that legal action had already been taken against many of these companies. So far, five of the firms have been convicted, while another five have pleaded guilty and are awaiting a review of facts. Several other cases are still pending arraignment. The crackdown is part of the EFCC’s broader efforts to clean up Nigeria’s financial sector and shield citizens from fraudulent operators. The Commission reaffirmed its commitment to closely monitoring economic activities and leveraging its anti-corruption mandate to promote financial stability and growth. The full list of the 58 companies identified by the EFCC includes: 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 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 Green Eagles Agribusiness Solutions Limited 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
The Economic and Financial Crimes Commission (EFCC) has revealed 58 fraudulent companies running illegal investment schemes and defrauding Nigerians of their money.
Full List: EFCC Reveals 58 Ponzi Schemes Defrauding Nigerians
