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Ponzi Alert: EFCC Exposes 58 Fake Investment Companies

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Economic and Financial Crimes Commission, EFCC,

With the rise of fraudulent investment schemes preying on unsuspecting Nigerians, the Economic and Financial Crimes Commission (EFCC) has issued a strong warning about the activities of 58 unregistered companies defrauding citizens under the guise of investment opportunities.

In a statement on Tuesday, the EFCC’s Head of Media and Publicity, Dele Oyewale, revealed that these companies operate without approval from the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC), making their activities illegal.

The anti-graft agency disclosed that legal action has already been taken against several of these entities, with five convictions secured and another five suspects pleading guilty while awaiting further judicial proceedings.

READ ALSO: EFCC Grills Ex-Minister Uju Ohanenye Over ₦138m Fraud Allegations

Many more cases are still pending arraignment.

“To protect Nigerians from financial exploitation, the EFCC is drawing public attention to 58 companies masquerading as investment firms but deceiving innocent investors,” the statement read.

According to the EFCC, the following companies have been identified as fraudulent investment platforms: 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 Agribusiness 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,

Others includes; Annexation Biz Concept & Maitanbuwal Global Ventures, Crowdyvest Limited, Jadek Agro Connect Limited, Adeeva Capital Limited, Oxford International Group & 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, Cititrust Holding PLC, Green Eagles Agribusiness Solutions Limited, Chinmark Homes & Shelters Limited, Emerald Farms & Consultant Limited, Ovaioza Farm Produce Storage Limited,

Additionally, 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 were also listed.

The EFCC warned that these firms lure investors with promises of unrealistic returns, only to defraud them.

Nigerians were urged to verify investment opportunities with the CBN and SEC before committing funds.

The commission also encouraged victims of these schemes to come forward with complaints, assuring them that efforts were ongoing to recover lost funds where possible.

“The EFCC remains committed to creating a safe and corruption-free financial environment. We strongly advise the public to conduct due diligence before investing in any financial scheme,” the statement concluded.

Crime

Adeleke Condemns Ilesa High Court Burning, Orders Investigation

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Osun Agog As Ademola Adeleke Takes Over As Governor

 

Osun State Governor, Senator Ademola Adeleke has condemned the burning of Ilesa High Court 2 building by yet to be identified criminals, describing the arson as “an unjustifiable attack on the state judiciary”.

The incident which happened overnight led to the destruction of court sensitive documents and exhibits with the entire building largely burnt to the ground.

It was gathered that the state fire service was mobilised to the scene but the havoc was already over by the time of their arrival. There are indications that files relating to sensitive court cases were destroyed.

ALSO READ: Okpebholo Accounts For Stewardship To Kinsmen

Gov Adeleke in the statement directed thorough investigation into the incident as well as beefing up security across all court premises in the state.

He stated, “Thorough investigation must be conducted by the security agencies to apprehend the suspects and ensure they face the consequences of their actions. I further direct security agencies to beef up surveillance across the various court buildings.

“Additionally, the Attorney General and Commissioner for Justice is to join hands with the Ministry of Works and Infrastructure for the immediate rehabilitation of the burnt down building.”

Gov Adeleke described the attack as a threat to democracy and noted that the judiciary remains the stabilizer and critical arbiter of the democratic process, urging support rather than attack for the judiciary.

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Crime

Four Children Vanish Days After Women Move Into New Apartment In Delta

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Fear and anxiety have spread across the Ogwashi-Uku community in Aniocha South Local Government Area of Delta State following the abduction of four children by suspected child traffickers.

The incident occurred on Sunday in the Umuokwe quarters, where two of the victims — identified as siblings, Ebube and Miracle — were reportedly taken by three unidentified women.

The women had only recently moved into the area after securing emergency accommodation.

READ MORE: Edo Prescribes Death By Hanging For Kidnappers

Community sources said the suspects lured the children from their homes under the pretense of buying them biscuits from a nearby shop.

“It was when the children could not be seen around the compound that neighbours expressed concern,” a resident said.

“By the time the neighbours visited the ladies’ apartment, the room was empty as neither the occupants nor the children could be found.”

Confirming the development, the Police Public Relations Officer for Delta State Command, SP Bright Edafe, said the landlady who rented out the room to the suspects has been arrested and is currently in custody.

“The children were abducted three days after the women rented the apartment,” Edafe stated.

“It is true; the problem is that there is no link. They just came and said they wanted to rent an apartment and the landlady gave it to them with no details, no name, no phone number, no agreement, and after three days they carried four children. The landlady has been arrested because her actions are suspicious.”

Security agencies have launched a manhunt for the suspects, while the community remains on alert as the search for the missing children continues.

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Alleged Murder: Police Confirm Arrest, Extradition Of ‘Killaboi’ After Months-Long Hunt

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Benjamin Best Nnayereugo, popularly known as ‘Killaboi,’ has been extradited to Nigeria from Doha, Qatar, to face trial for the alleged murder of 21-year-old university student Augusta Onuwabhagbe.

The Nigeria Police confirmed his arrival in the country in the early hours of Saturday, following months of international manhunt and collaborative efforts involving INTERPOL, the Federal Ministry of Justice, Qatari authorities, and the Nigerian Police.

Nnayereugo, who had been declared wanted in October 2023, was accused of killing Onuwabhagbe—a first-class student of Lead City University, Ibadan—on July 13, 2023, at his residence in Ajah, Lagos.

READ MORE: Wanted Instagram Influencer Killaboi Arrested In Sierra Leone

“The Nigeria Police Force has successfully completed the extradition of Benjamin Best Nnayereugo, male, widely known as ‘Killaboi,’ from Doha, Qatar to Nigeria,” a statement by the Force Public Relations Officer, ACP Olumuyiwa Adejobi, read.

The extradition was initiated following a petition from the family of the deceased on September 29, 2024, which triggered INTERPOL NCB Abuja’s involvement.

After the murder, the suspect fled the country and released a video online purporting to confess to the crime — a move police described as “a deceptive strategy to derail investigative efforts.”

Following his declaration as wanted by the Lagos State Police Command, an INTERPOL Red Notice was issued.

He was eventually arrested in Sierra Leone under the alias “Kanu Princeton Samuel” on October 20, 2023, but escaped custody in a prison break the following month.

Authorities tracked the fugitive’s movements across West Africa, East Asia, and the Middle East before he resurfaced in Doha on January 24, 2025, living under the false name “Toure Abdoulaye” with a fake Guinean passport.

In February, Qatari authorities arrested him after advanced biometric verification confirmed his identity. The Nigerian government’s extradition request was later approved.

The Inspector-General of Police, IGP Kayode Egbetokun, praised the international cooperation that led to Nnayereugo’s return.

“The synergy amongst nations is vital to curb trans-border crimes,” the IGP said, while assuring Nigerians that the fugitive will face diligent prosecution.

Nnayereugo’s case had earlier drawn widespread attention, with the Lagos State Police issuing a public alert for information on his whereabouts.

At the time, the police described him as a 26-year-old, 5’9″ tall, dark-complexioned man from Abia State who spoke English, Igbo, and Pidgin English fluently.

The Nigeria Police have reiterated their commitment to justice, assuring the public that all necessary steps will be taken to ensure accountability.

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