The EFCC reaffirmed its commitment to closely monitoring financial activities to prevent fraudulent schemes from preying on unsuspecting Nigerians. It urged the public to conduct thorough research before investing and to verify the legitimacy of financial institutions with appropriate regulatory bodies.
Abuja, Nigeria – The Economic and Financial Crimes Commission (EFCC) has raised an alarm over the activities of 58 fraudulent investment companies operating illegally across Nigeria. The anti-graft agency, in its commitment to protecting investors and maintaining financial integrity, has cautioned the public against falling victim to these schemes.
According to the EFCC, these companies present themselves as legitimate investment platforms but are neither registered with the Central Bank of Nigeria (CBN) nor recognized by the Securities and Exchange Commission (SEC). The two regulatory bodies, in separate correspondences with the EFCC, confirmed that the listed firms lack legal authorization to operate as financial investment entities.
The Commission disclosed that legal action has already been taken against several of these fraudulent companies. While five have been successfully convicted, another five have pleaded guilty and are awaiting further legal proceedings. The remaining cases are pending arraignment in court.
List of Companies Operating Illegally
The EFCC named several companies involved in these fraudulent investment operations, including:
Wales Kingdom Capital, Bethseida Group of Companies, AQM Capital Limited, Titan Multibusiness Investment Limited, and Brickwall Global Investment Limited. Others are Farmforte Limited & Agro Partnership Tech, Green Eagles Agribusiness Solution Limited, Richfield Multiconcepts Limited, Forte Asset Management Limited, and Biss Networks Nigeria Limited.
Also listed are Pristine Mobile Network, S Mobile Netzone Limited, Letsfarm Integrated Services, Bara Finance & Investment Limited, Vicampro Farms Limited, and Brooks Network Limited. Additional companies include Gas Station Supply Services Limited, Brass & Books Limited, Crowdyvest Limited, Jadek Agro Connect Limited, Adeeva Capital Limited, and Oxford International Group.
Further names include Skapomah Global Limited, MBA Trading & Capital Investment Limited, TRJ Company Limited, Farm4Me Agriculture Limited, and Quintessential Investment Company. Others mentioned are Adeprinz Global Enterprises, Rockstar Establishment Limited, SU.Global Investment, Citi Trust Funding PLC, Farm Buddy, and Eatrich 369 Farms & Food. The list also features Globertrot Farmsponsors Nigeria Limited, Farm Sponsors Limited, Cititrust Credit Limited, Farmfunded Agroservices Limited, and Adamakin Investment & Works Limited.
Additionally, Chinmark Homes & Shelters Limited, Emerald Farms & Consultant Limited, Ovaioza Farm Produce Storage Limited, and Requid Technologies Limited were named. More companies include West Agro Agriculture & Food Processing Limited, NISL Ventures Limited, XY Connect Investment Limited, and River Branch Unique Investment Limited. Lastly, Hallmark Capital Limited, CJC Markets Limited, Crowd One Investment, Farmkart Foods Limited, and KD Likemind Stakeholders Limited were identified, along with Holibiz Finance Limited, Ifeanyi Okpe Oil & Gas Services, Servapps Nigeria Limited, Barrick Gold Mining Company, and 360 Agric Partners Limited.
The EFCC reaffirmed its commitment to closely monitoring financial activities to prevent fraudulent schemes from preying on unsuspecting Nigerians. It urged the public to conduct thorough research before investing and to verify the legitimacy of financial institutions with appropriate regulatory bodies.
For further updates and information, Nigerians are encouraged to visit the EFCC’s official website at www.efcc.gov.ng.
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