Full list of 58 companies identified by EFCC as Ponzi schemes

The Economic and Financial Crimes Commission (EFCC) has warned Nigerians about 58 companies operating as Ponzi schemes, deceiving unsuspecting investors while posing as legitimate investment platforms.

According to the EFCC, these companies are neither registered with the Central Bank of Nigeria (CBN) nor the Securities and Exchange Commission (SEC). Both regulatory bodies confirmed in separate communications with the EFCC that they have no records of these entities.

Some of the identified companies include Wales Kingdom Capital, Bethsaida Group of Companies, AQM Capital Limited, Titan Multibusiness Investment Limited, Brickwall Global Investment Limited, and Farmforte. Others on the list are Oxford International Group, Crowdyvest Limited, Chinmark Homes & Shelters Limited, Cititrust Holding PLC, and Barrick Gold Mining Company, among many others.

Here is the full list of the 58 companies identified by the EFCC as Ponzi schemes:

1. Wales Kingdom Capital
2. Bethsaida Group of Companies
3. AQM Capital Limited
4. Titan Multibusiness Investment Limited
5. Brickwall Global Investment Limited
6. Farmforte Limited & Agro Partnership Tech
7. Green Eagles Agribusiness Solution Limited
8. Richfield Multiconcepts Limited
9. Forte Asset Management Limited
10. Biss Networks Nigeria Limited
11. S Mobile Netzone Limited
12. Pristine Mobile Network
13. Letsfarm Integrated Services
14. Bara Finance & Investment Limited
15. Vicampro Farms Limited
16. Brooks Network Limited
17. Gas Station Supply Services Limited
18. Brass & Books Limited
19. Annexation Biz Concept & Maitanbuwal Global Venturescrowdyvest Limited
20. Crowdyvest Limited
21. Jadek Agro Connect Limited
22. Adeeva Capital Limited
23. Oxford International Group
24. Oxford Gold Integrated
25. Skapomah Global Limited
26. MBA Trading & Capital Investment Limited
27. TRJ Company Limited
28. Farm4Me Agriculture Limited
29. Quintessential Investment Company
30. Adeprinz Global Enterprises
31. Rockstar Establishment Limited
32. SU Global Investment
33. Citi Trust Funding PLC
34. Farm Buddy
35. Eatrich 369 Farms & Food
36. Globertrot Farmsponsors Nigeria Limited
37. Farm Sponsors Limited
38. Cititrust Credit Limited
39. Farmfunded Agroservices Limited
40. Adamakin Investment & Works Limited
41. Cititrust Holding PLC
42. Green Eagles Agribusiness Solutions Limited
43. Chinmark Homes & Shelters Limited
44. Emerald Farms & Consultant Limited
45. Ovaioza Farm Produce Storage Limited
46. Farm 360 & Agriculture Company
47. Requid Technologies Limited
48. West Agro Agriculture & Food Processing Limited
49. NISL Ventures Limited & Estate of Laolu Martins
50. XY Connect Investment Limited
51. River Branch Unique Investment Limited
52. Hallmark Capital Limited
53. CJC Markets Limited
54. Crowd One Investment
55. Farmkart Foods Limited
56. KD Likemind Stakeholders Limited
57. Holibiz Finance Limited
58. Ifeanyi Okpe Oil & Gas Services

These companies have been flagged by the EFCC for operating as Ponzi schemes, and some have already been charged to court, with a few convictions secured.

EFCC spokesperson Dele Oyewale stated that several of these companies have already been charged to court, with five convictions secured. Another five have pleaded guilty and are awaiting a review of their cases, while others are pending arraignment.