Five of the entities were found guilty after the commission filed lawsuits against them, according to Oyewale, while five more entered guilty pleas and are pending additional legal proceedings. There are also awaiting arraignments in other cases, he added.CONTINUE FULL READING>>>>>
The actions of 58 unlawful Ponzi scheme operators who defraude Nigerians under the pretense of investment opportunities have alarmed the Economic and Financial Crimes Commission. The anti-graft organization said in a statement issued on Tuesday by Dele Oyewale, Head of Media and Publicity at the EFCC, that the firms’ activities are unlawful as they are not registered with either the Securities and Exchange Commission or the Central Bank of Nigeria.
The EFCC hereby alerts Nigerians to the activities of 58 companies that pose as investing entities but defraud innocent citizens of their hard-earned money, in keeping with its commitment to sanitizing the country’s financial space and giving the investing public adequate and trustworthy information, according to a portion of the statement.
According to Oyewale, some of the flagged companies include Wales Kingdom Capital, Bethseida Group of Companies, AQM Capital Limited, Titan Multibusiness Investment Limited, Brickwall Global Investment Limited, Farmforte Limited & Agro Partnership Tech and Green Eagles Agricbusiness Solution Limited among others.
The statement added, “Richfield Multiconcepts Limited, Forte Asset Management Limited, (Biss Networks Nigeria Limited, S Mobile Netzone Limited, Pristine Mobile Network), Letsfarm 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,) and Crowdyvest Limited
“Others are: 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
“The rest include: 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.”
Oyewale cautioned Nigerians against investing in any financial company that is not properly registered with regulatory agencies, assuring the public that the EFCC will continue to monitor and prosecute fraudulent investment schemes. Before making an investment, we advise the public to confirm it with the CBN and SEC. The statement further stated that the EFCC is still dedicated to protecting the public from unscrupulous businesses and maintaining an economy free from corruption. He reassured victims of fraudulent schemes that attempts were being made to recover monies where feasible and encouraged them to file complaints.CONTINUE FULL READING>>>>>
