EFCC Uncovers 58 Companies in Alleged Multi-Billion Naira Investment Fraud Scandal

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In a sweeping crackdown on suspected fraudulent investment schemes, the Economic and Financial Crimes Commission (EFCC) has exposed 58 companies allegedly involved in deceptive financial activities across agriculture, real estate, finance, and trading sectors. These firms have been accused of misleading investors, mismanaging funds, and in some cases, operating as elaborate Ponzi schemes that have left countless Nigerians in financial ruin.

Among the companies flagged are Wales Kingdom Capital, Bethseida Group of Companies, AQM Capital Limited, Titan Multibusiness Investment Limited, Brickwall Global Investment Limited, Farmforte Limited & Agro Partnership Tech, and Green Eagles Agribusiness Solution Limited.

Also included are Richfield Multiconcepts Limited, Forte Asset Management Limited, Biss Networks Nigeria Limited, S Mobile Netzone Limited, Pristine Mobile Network, Letsfarm Integrated Services, and Bara Finance & Investment Limited.

Others under investigation are Vicampro Farms Limited, Brooks Network Limited, Gas Station Supply Services Limited, Brass & Books Limited, Annexation Biz Concept, Maitanbuwal Global Ventures, and Crowdyvest Limited.
Further deepening concerns over the scale of the alleged fraud, companies such as 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, and Adamakin Investment & Works Limited were also listed in the EFCC’s report.

The revelations continued with Cititrust Holding PLC, Green Eagles Agribusiness Solutions Limited, Chinmark Homes & Shelters Limited, Emerald Farms & Consultant Limited, Ovaioza Farm Produce Storage Limited, 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, Barrick Gold Mining Company, and 360 Agric Partners Limited all facing scrutiny for questionable financial dealings.

The EFCC has warned Nigerians to exercise extreme caution when engaging with investment firms, emphasizing that many of these companies promise unrealistic returns, only to disappear with investors’ funds.

The commission is now urging victims to come forward with complaints and has vowed to pursue legal action against those found guilty of financial misconduct.

With billions of naira potentially lost, this revelation has sent shockwaves through the investment community, further intensifying calls for stricter regulations, better enforcement, and increased public awareness to prevent future scams.

As Nigerians seek justice, all eyes are on the EFCC to ensure those responsible are held accountable.