EFCC publishes list of fraudulent companies involved in ponzi schemes, alerts Nigerians

PEOPLES GAZETTE 

The Economic and Financial Crimes Commission has issued a public alert regarding the activities of 58 companies allegedly operating illegal Ponzi schemes under the guise of investment opportunities.

The anti-graft agency said the companies were neither registered with the Central Bank of Nigeria nor the Securities and Exchange Commission.

EFCC said it had taken legal action against many of the entities, leading to the conviction of five, while another five have pleaded guilty and are awaiting further judicial processes.

The companies are Wales Kingdom Capital, Bethseida Group of Companies, AQM Capital Ltd, Titan Multibusiness Investment Ltd, Brickwall Global Investment Ltd, Farmforte Ltd & Agro Partnership Tech, Green Eagles Agricbusiness Solution Ltd, Richfield Multiconcepts Ltd, Forte Asset Management Ltd, Biss Networks Nigeria Ltd, S Mobile Netzone Ltd.; Pristine Mobile Network, and Letsfarm Integrated Services.

Others are Bara Finance & Investment Ltd, Vicampro Farms Ltd, Brooks Network Ltd, Gas Station Supply Services Ltd, Brass & Books Ltd, Annexation Biz Concept & Maitanbuwal Global Venturescrowdyvest Ltd, and Crowdyvest Ltd.

Also listed are Jadek Agro Connect Ltd, Adeeva Capital Ltd, Oxford International Group and Oxford Gold Integrated, Skapomah Global Ltd, MBA Trading & Capital Investment Ltd, TRJ Company Ltd, Farm4Me Agriculture Ltd, Quintessential Investment Company, deprinz Global Enterprises, Rockstar Establishment Ltd, S.U. Global Investment, Citi Trust Funding PLC, Farm Buddy, Eatrich 369 Farms & Food, and Globertrot Farmsponsors Nig. Ltd.