The Economic and Financial Crimes Commission (EFCC) has released a public notice concerning the operations of 58 companies that are reportedly running illegal Ponzi schemes throughout Nigeria.
images (5).jpeg
In a statement issued on Tuesday via its verified Facebook page, the anti-corruption agency cautioned that these companies masquerade as legitimate investment firms while deceiving unsuspecting Nigerians out of their hard-earned funds. The EFCC emphasized that these entities are not registered with either the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC).
The EFCC further indicated that both regulatory authorities have confirmed through separate communications that these companies do not possess the necessary registration to function as lawful investment organizations.
"The Commission has initiated legal proceedings against many of these companies. Five have already been convicted, another five have entered guilty pleas and are awaiting a review of facts, while the remaining cases are pending arraignment," the EFCC reported.
Among the firms identified by the EFCC as engaging in unlawful financial practices are:
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
Letsfarm Integrated Services
Bara Finance & Investment Limited
Vicampro Farms Limited
Brooks Network Limited
Gas Station Supply Services Limited
Brass & Books Limited
Crowdyvest Limited
Jadek Agro Connect Limited
Adeeva Capital Limited
Oxford International Group and Oxford Gold Integrated
MBA Trading & Capital Investment Limited
TRJ Company Limited
Farm4Me Agriculture Limited
Quintessential Investment Company
Rockstar Establishment Limited
SU Global Investment
Citi Trust Funding PLC
Farm Buddy
Eatrich 369 Farms & Food
Farm Sponsors Limited
Cititrust Credit Limited
Farmfunded Agroservices Limited
Chinmark Homes & Shelters Limited
Ovaioza Farm Produce Storage Limited
Requid Technologies Li.
Source@ Nairaland.com
[attachment deleted by admin]