The Economic and Financial Crimes Commission has sounded the alarm over 58 unregistered Ponzi scheme operators scamming Nigerians under the guise of investment platforms.
In a statement on Tuesday, EFCC’s Head of Media and Publicity, Dele Oyewale, revealed that these companies are not registered with the Central Bank of Nigeria or the Securities and Exchange Commission, rendering their operations illegal.
The commission has taken legal action against many of these entities, securing convictions against five, while another five have pleaded guilty and await further judicial processes. Several other cases remain pending.
The statement emphasized the EFCC’s commitment to sanitizing Nigeria’s financial sector and protecting investors from fraudulent schemes. Nigerians were urged to exercise caution and verify investment opportunities with relevant regulatory bodies before committing funds.
Among the flagged companies are Wales Kingdom Capital, Bethseida Group of Companies, AQM Capital Limited, Titan Multibusiness Investment Limited, and Farmforte Limited & Agro Partnership Tech. Others include Richfield Multiconcepts Limited, Forte Asset Management Limited, Letsfarm Integrated Services, and Oxford International Group. The list also names Farm4Me Agriculture Limited, Cititrust Holding PLC, Chinmark Homes & Shelters Limited, and several others.
Oyewale reaffirmed that the EFCC remains committed to prosecuting fraudulent investment schemes and recovering funds where possible. He urged victims of such scams to come forward with complaints, assuring them of the commission’s dedication to combating financial fraud.
Source: Swifteradio.com
