₦airaland Forum

Islie:
https://www.vanguardngr.com/2025/03/efcc-warns-public-about-58-illegal-ponzi-scheme-operators/

Islie:
The Economic and Financial Crimes Commission (EFCC) has issued a public alert regarding the activities of 58 companies allegedly operating illegal Ponzi schemes across Nigeria.

In a statement on Tuesday, on its verified Facebook account, the anti-graft agency warned that these companies pose as investment entities but are defrauding unsuspecting Nigerians of their hard-earned money. The EFCC noted that the firms are neither registered with the Central Bank of Nigeria (CBN) nor the Securities and Exchange Commission (SEC).

According to the EFCC, both regulatory bodies confirmed in separate correspondences that the companies lack the required registration to operate as legitimate investment firms.

“The Commission has charged many of these companies to court. Five have already been convicted, another five have pleaded guilty but are awaiting a review of facts, while the rest are pending arraignment,” the EFCC stated.

The EFCC named the following firms among those engaging in illegal financial activities:

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 Limited

Crowd One Investment

Farmkart Foods Limited

Holibiz Finance Limited

Ifeanyi Okpe Oil & Gas Services

Barrick Gold Mining Company

360 Agric Partners Limited

The EFCC reiterated its commitment to safeguarding the financial space by closely monitoring economic activities and taking legal action against fraudulent entities. It urged Nigerians to exercise caution before investing in any financial schemes and to verify the legitimacy of investment firms through appropriate regulatory bodies.

The Commission assured the public of its continued vigilance to protect citizens from financial fraud and stimulate growth in Nigeria’s economy.

https://www.vanguardngr.com/2025/03/efcc-warns-public-about-58-illegal-ponzi-scheme-operators/

merits:
OMEGAPRO comes to mind my boss put all her fortune but today everything had gone like breeze.

BloomingDale:
Wema Bank, nko?

ROTTWEILER007:
Where's APC on that list?.... Nobody has scammed me more than APC has done in the last 3 years. Yes I lost money to ponzi schemes, but I lost my life in this APCs regime. I am not living my dream life in other words am a walking dead. I have come to understand that I am immortal, not APC or any other ponzi schemes can do anything again.

Bukola94:
You will be cut and deal with

Melagros:
COMRADES, nice one from the EFCC, I wish the EFCC will channel the same energy on these political office holders so they can make Nigeria a place to be

donproject2:
I can't forget in 2020 or 2021 when I was a victim of one of these guys, Obaforex who would promise investors 25% ROI for 12 months. Someone introduced me to the scheme and it looked promising.

They stopped paying after the first two months I invested, mind you, a friend that introduced me has collected well over 12 months ROI, one of the reasons I trusted them..

OgbeniIbigbami:
Cheersway nko? I lost $200 with those people earlier this year.

https://www.vanguardngr.com/2025/03/efcc-warns-public-about-58-illegal-ponzi-scheme-operators/

ennon92:
Anybody that still believes in Ponzi scheme should have his/her head examined.

Islie:
https://www.vanguardngr.com/2025/03/efcc-warns-public-about-58-illegal-ponzi-scheme-operators/

ARISHEM:
Many of the victims are addicted. They will never listen.
When I called the victims foolish, one if the victims have to reply me that business is a risk. And if he see another one with a juicy offer he will jump into it. That any allegation won’t deter him.
They will never learn the hard way.

mactoni91:
Where's CBEX?

Shidinky:
Payments don' dey hang
Quarter to close

StillDtruth:
Same ol Lie!
My own was NOSPECTCO, and Wealth solutions and it is was my mother in law who made me enter it by force. And after N450k plus only one month Roi of N40K, it was bye bye.

If not God, this would have ruined me permanently for that was nearly my whole life's savings which I was planning to use to build our house.

And guess what she did it for that purpose. You just reminded shit I went through but God brought me through.

ppogba:
And the era of NOSPETCO was when money had value.
UNILAG retired staff put their entitlement into it blindly. Sorrow, tears and blood.

Islie:
https://www.vanguardngr.com/2025/03/efcc-warns-public-about-58-illegal-ponzi-scheme-operators/

Islie:
https://www.vanguardngr.com/2025/03/efcc-warns-public-about-58-illegal-ponzi-scheme-operators/

mactoni91:
Where's CBEX?

Sociotech:
Wave your Socio Africa flags and make your enemies mad! Make the politicians and oppressors & looters of Africa mad

ROTTWEILER007:
Where's APC on that list?.... Nobody has scammed me more than APC has done in the last 3 years. Yes I lost money to ponzi schemes, but I lost my life in this APCs regime. I am not living my dream life in other words am a walking dead. I have come to understand that I am immortal, not APC or any other ponzi schemes can do anything again.