EFCC exposes Chinmark, 62 other fraudulent ponzi companies

The Economic and Financial Crimes Commission (EFCC) on Tuesday, March 11, uncovered Chinmark Homes and Shelters Limited and other “fraudulent companies” operating as illegal investment schemes, defrauding Nigerians of their hard-earned money.

Chinmark Homes and Shelters Limited is owned by Marksman Chinedu Ijiomah, a prominent Nigerian businessman.

The EFCC stated that its latest action aligns with its commitment to sanitize Nigeria’s financial space and provide citizens with reliable investment information.

The anti-graft agency warned Nigerians about the operations of the companies posing as legitimate investment entities but defrauding unsuspecting individuals.

According to the EFCC, these companies are neither registered with the Central Bank of Nigeria (CBN) nor the Securities and Exchange Commission (SEC).

The EFCC disclosed that it has charged many of these companies to court, with five already convicted, five pleading guilty and awaiting review of facts, and the rest pending arraignment.

Below is the full list of the 58 companies identified as operating illegally:

1. Chinmark Homes and Shelters Limited
2. Wales Kingdom Capital
3. Bethseida Group of Companies
4. AQM Capital Limited
5. Titan Multibusiness Investment Limited
6. Brickwall Global Investment Limited
7. Farmforte Limited and Agro Partnership
8. Tech Green Eagles Agricbusiness Solution Limited
9. Richfield Multiconcepts Limited
10. Forte Asset Management Limited
11. Biss Networks Nigeria Limited
12. S Mobile Netzone Limited
13. Pristine Mobile Network
14. Letsfarm Integrated Services
15. Bara Finance and Investment Limited
16. Vicampro Farms Limited
17. Brooks Network Limited
18. Gas Station Supply Services Limited
19. Brass and Books Limited
20. Annexation Biz Concept
21. Maitanbuwal Global Ventures
22. Crowdyvest Limited
23. Jadek Agro Connect Limited
24. Adeeva Capital Limited
25. Oxford International Group
26. Oxford Gold Integrated
27. Skapomah Global Limited
28. MBA Trading and Capital Investment Limited
29. TRJ Company Limited
30. Farm4Me Agriculture Limited
31. Quintessential Investment Company
32. Adeprinz Global Enterprises
33. Rockstar Establishment Limited
34. SU Global Investment
35. Citi Trust Funding PLC
36. Farm Buddy
37. Eatrich 369 Farms and Food
38. Globertrot Farmsponsors Nigeria Limited
39. Farm Sponsors Limited
40. Cititrust Credit Limited
41. Farmfunded Agroservices Limited
42. Adamakin Investment and Works Limited
43. Cititrust Holding PLC
44. Green Eagles Agribusiness Solutions Limited
45. Emerald Farms and Consultant Limited
46. Ovaioza Farm Produce Storage Limited
47. Farm 360 and Agriculture Company
48. Requid Technologies Limited
49. West Agro Agriculture and Food Processing Limited
50. NISL Ventures Limited
51. Estate of Laolu Martins
52. XY Connect Investment Limited
53. River Branch Unique Investment Limited
54. Hallmark Capital Limited
55. CJC Markets Limited
56. Crowd One Investment
57. Farmkart Foods Limited
58. KD Likemind Stakeholders Limited
59. Holibiz Finance Limited
60. Ifeanyi Okpe Oil and Gas Services
61. Servapps Nigeria Limited
62. Barrick Gold Mining Company
63. 360 Agric Partners Limited

*EFCC assures vigilance
The EFCC assured Nigerians of its commitment to monitoring entities in the nation’s economic space to safeguard the public from fraudulent operators.

The agency emphasized that its efforts aim to stimulate economic growth by eliminating predatory practices.

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