By Gwurld4026 
Nigerians Advised: 58 Illegal Ponzi Schemes Identified
The Economic and Financial Crimes Commission (EFCC) has issued a public alert regarding 58 companies operating illegal Ponzi schemes across Nigeria. These entities are reportedly defrauding Nigerians by masquerading as legitimate investment firms.
Notably, none of these companies are registered with the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC), both of which have disassociated themselves from these operations.
The EFCC has initiated legal actions against several of these companies. To date, five have been convicted, another five have pleaded guilty and are awaiting sentencing, while cases against the remaining firms are pending arraignment.
The list of implicated companies 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
- 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
- Globertrot Farmsponsors Nigeria Limited
- Farm Sponsors Limited
- Cititrust Credit Limited
- Farmfunded Agroservices Limited
- Adamakin Investment & Works Limited
The EFCC advises Nigerians to exercise caution and avoid engaging with these companies to prevent financial loss. For more information, individuals are encouraged to visit the EFCC’s official website at www.efcc.gov.ng.