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360 Agric, Cititrust Holding, 58 others as EFCC reveals illegal Ponzi scheme operators in Nigeria [Full List]

by iDeemlawful
March 12, 2025
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‘Why EFCC arrested Ogun assembly speaker’
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The Economic and Financial Crimes Commission (EFCC) on Tuesday issued a public alert on no fewer than 60 companies operating illegal Ponzi schemes across Nigeria.

Ponzi schemes are fraudulent investment operations that promise big profits with little risk.

They use money from new investors to pay off earlier ones, making it seem like the business is successful. However, once new investments stop, the scheme collapses, and most people lose their money.

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The anti-graft agency stated that these entities posing as investment platforms have been defrauding unsuspecting Nigerians of their funds.

According to the EFCC, neither the Central Bank of Nigeria (CBN) nor the Securities and Exchange Commission (SEC) has accredited them.

The two regulators, in separate correspondences with the EFCC, denied that they are registered with them.

“The Economic and Financial Crimes Commission, EFCC, hereby alerts Nigerians on the operations of 58 companies posturing as investing entities and defrauding innocent Nigerians of their hard-earned money.

The companies are neither registered with the Central Bank of Nigeria, CBN, nor the Security Exchange Commission, SEC. The two regulators, in separate correspondences with the EFCC, denied that they are registered with them,” the statement read.

The Commission has charged 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.

The following are the 60 illegal Ponzi scheme operators in Nigeria:

  1. Wales Kingdom Capital
  2. Bethseida 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 Ventures
  20. Crowdyvest Limited
  21. Jadek Agro Connect Limited
  22. Adeeva Capital Limited
  23. Oxford International Group and Oxford Gold Integrated
  24. Skapomah Global Limited
  25. MBA Trading & Capital Investment Limited
  26. TRJ Company Limited
  27. Farm4Me Agriculture Limited
  28. Quintessential Investment Company
  29. Adeprinz Global Enterprises
  30. Rockstar Establishment Limited
  31. SU.Global Investment
  32. Citi Trust Funding PLC
  33. Farm Buddy
  34. Eatrich 369 Farms & Food
  35. Globertrot Farmsponsors Nigeria Limited
  36. Farm Sponsors Limited
  37. Cititrust Credit Limited
  38. Farmfunded Agroservices Limited
  39. Adamakin Investment & Works Limited
  40. Cititrust Holding PLC
  41. Green Eagles Agribusiness Solutions Limited
  42. Chinmark Homes & Shelters Limited
  43. Emerald Farms & Consultant Limited
  44. Ovaioza Farm Produce Storage Limited
  45. Farm 360 & Agriculture Company
  46. Requid Technologies Limited
  47. West Agro Agriculture & Food Processing Limited
  48. NISL Ventures Limited & Estate of Laolu Martins
  49. XY Connect Investment Limited
  50. River Branch Unique Investment Limited
  51. Hallmark Capital Limited
  52. CJC Markets Limited
  53. Crowd One Investment
  54. Farmkart Foods Limited
  55. KD Likemind Stakeholders Limited
  56. Holibiz Finance Limited
  57. Ifeanyi Okpe Oil & Gas Services
  58. Servapps Nigeria Limited
  59. Barrick Gold Mining Company
  60. 360 Agric Partners Limited
Tags: EFCC
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