EFCC exposes 58 Ponzi schemes: See full list

The Economic Financial Crime Commission (EFCC), has on Tuesday March 11, 2025, warned the public about 58 companies allegedly running illegal Ponzi schemes disguised as investment opportunities.

The warning is contained in a statement issued in their social media space by the EFCC Spokesperson, Dele Oyewale, in Abuja.

The commission has taken legal action against several entities, resulting in five convictions and five guilty pleas pending further court action.

The companies were operating illegally, as they were not registered with the Central Bank of Nigeria or the Securities and Exchange Commission.

The agency further listed the companies as:

Wales Kingdom Capital, Bethseida Group of Companies; AQM Capital Ltd.; Titan Multibusiness Investment Ltd.; Brickwall Global Investment Ltd.; and Farmforte Ltd. & Agro Partnership Tech.

Others are Green Eagles Agricbusiness Solution Ltd.; Richfield Multiconcepts Ltd.; Forte Asset Management Ltd.; (Biss Networks Nigeria Ltd.; S Mobile Netzone Ltd.; Pristine Mobile Network), and Letsfarm Integrated Services.

Others are Jadek Agro Connect Ltd.; Adeeva Capital Ltd.; Oxford International Group and Oxford Gold Integrated; Skapomah Global Ltd.; MBA Trading & Capital Investment Ltd.; TRJ Company Ltd.; and Farm4Me Agriculture Ltd.

Also listed are Bara Finance & Investment Ltd.; Vicampro Farms Ltd.; Brooks Network Ltd.; Gas Station Supply Services Ltd.; Brass & Books Ltd.; (Annexation Biz Concept & Maitanbuwal Global Venturescrowdyvest Ltd.) and Crowdyvest Ltd.

Others are Quintessential Investment Company; deprinz Global Enterprises; Rockstar Establishment Ltd.; SU.Global Investment; Citi Trust Funding PLC; Farm Buddy; Eatrich 369 Farms & Food; and Globertrot Farmsponsors Nig. Ltd.

The commission also listed Farm Sponsors Ltd.; Cititrust Credit Ltd.; Farmfunded Agroservices Ltd.; Adamakin Investment & Works Ltd.; ititrust Holding PLC; Green Eagles Agribusiness Solutions Ltd.; and Chinmark Homes & Shelters Ltd.

Others include Emerald Farms & Consultant Ltd.; Ovaioza Farm Produce Storage Ltd.; Farm 360 & Agriculture Company; Requid Technologies Ltd.; West Agro Agriculture & Food Processing Ltd.

Others are NISL Ventures Ltd. & Estate of Laolu Martins; XY Connect Investment Ltd.; River Branch Unique Investment Ltd.; Hallmark Capital Ltd.; CJC Markets Ltd.; Crowd One Investment; and Farmkart Foods Ltd.

The commission also listed KD Likemind Stakeholders Ltd.; Holibiz Finance Ltd.; Ifeanyi Okpe Oil & Gas Services; Servapps Nigeria Ltd.; Barrick Gold Mining Company and 360 Agric Partners Ltd.

The agency assured the public of its continued vigilance in monitoring financial activities across the nation.

The commission said it remains committed to identifying and prosecuting opportunistic and predatory operators who exploit unsuspecting investors.

It advised Nigerians to exercise caution when investing and verify the legitimacy of investment firms through appropriate regulatory agencies before engaging in any financial transactions.

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