By Nkechi Eze
The Economic and Financial Crimes Commission (EFCC) has issued a warning to Nigerians about 58 companies posing as investment entities, scamming people out of their money. These companies are operating illegal Ponzi schemes, promising unusually high returns with little risk, and using earlier subscribers to recruit new victims.
Dele Oyewala the commission’s spokesperson in a statement Tuesday 11 March 2025, disclosed that the EFCC has confirmed that these 58 companies are unlicensed, as neither the Central Bank of Nigeria (CBN) nor the Securities and Exchange Commission (SEC) has registered them, according to separate responses from the two regulatory agencies.
The Commission has charged many of the companies to court, with five of them convicted, another five pleaded guilty but awaiting review of facts while the rest are pending arraignment.
Below are the names of the illegally operating companies:
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 Agricbusiness Solution Limited,
Richfield Multiconcepts Limited,
Forte Asset Management Limited,
(Biss Networks Nigeria Limited,
S Mobile Netzone Limited,
Pristine Mobile Network),
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 Venturescrowdyvest Limited,)
Crowdyvest Limited,
Jadek Agro Connect Limited,
Adeeva Capital Limited,
Oxford International Group and 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 and 360 Agric Partners Limited.
The EFCC reaffirms its commitment to closely monitor the nation’s economic landscape, ensuring that all entities and individuals operate within the bounds of the law.
