EFCC Alerts the Public on 58 Illegal Ponzi Schemes
The Economic and Financial Crimes Commission, EFCC, has issued a public alerts on the operations of 58 companies posturing as investing entities and defrauding innocent Nigerians of their hard-earned money.
The sensitisation, according to EFCC was in line with the commitment to sanitise the financial space of the nation and offer the investing public adequate and reliable information on the activities of illegal ponzi scheme operators nationwide
A release from the commission says the companies are neither registered with the Central Bank of Nigeria, CBN, nor the Security Exchange Commission, SEC.
It noted that the two regulators, in separate correspondences with the EFCC, denied that they were registered with them.
“The Commission hcharged many of the companies to court, with five of them convicted, another five pleaded guilty but awaiting review of facts while the rest are pending arraignment.”
Please find below the names of the illegally operating companies:
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 Agricbusiness Solution Limited, 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
