EFCC Exposes Chinmark, 57 Other Ponzi Schemes Targeting Nigerians

• The EFCC, on Tuesday, March 11, listed 58 companies posturing as investing entities and allegedly defrauding innocent Nigerians of their hard-earned money
• Legit.ng gathered that the move was in line with the EFCC’s commitment towards sanitising Nigeria's financial space
• Dele Oyewale, EFCC's head of media and publicity, who issued the statement said that the two regulators, in separate correspondences with the EFCC, denied that the 'indicted' companies were registered with them

Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering public affairs.

FCT, Abuja - The Economic and Financial Crimes Commission (EFCC) on Tuesday, March 11, uncovered Chinmark Homes and Shelters Limited and 57 other "fraudulent companies" operating as illegal investment schemes, "defrauding Nigerians of their hard-earned money".

Legit.ng reports that Chinmark Homes and Shelters Limited is owned by Marksman Chinedu Ijiomah, a prominent Nigerian 'businessman'.

According to the anti-graft body, its latest decision is in line with its commitment to sanitise the financial space of Nigeria and offer citizens willing to invest adequate and reliable information. Hence, the EFCC alerted Nigerians on the operations of 58 companies it said are posturing as investing entities and defrauding innocent Nigerians of their hard-earned money.

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The EFCC stated that the companies are neither registered with the Central Bank of Nigeria (CBN) nor the Security Exchange Commission (SEC).

Against this backdrop, the EFCC disclosed that it 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 names of the "illegally operating companies"Agribusiness can be found below:

1. Chinmark Homes and Shelters Limited
2. Wales Kingdom Capital
3. Bethseida Group of Companies
4. AQM Capital Limited
5. Titan Multibusiness Investment Limited
6. Brickwall Global Investment Limited
7. Farmforte Limited and Agro Partnership Tech
8. Green Eagles Agricbusiness Solution Limited
9. Richfield Multiconcepts Limited
10. Forte Asset Management Limited
11. Biss Networks Nigeria Limited, S Mobile Netzone Limited, Pristine Mobile Network
12. Letsfarm Integrated Services
13. Bara Finance and Investment Limited
14. Vicampro Farms Limited
15. Brooks Network Limited
16. Gas Station Supply Services Limited
17. Brass and Books Limited
18. Annexation Biz Concept and Maitanbuwal Global Venturescrowdyvest Limited
19. Crowdyvest Limited
20. Jadek Agro Connect Limited
21. Adeeva Capital Limited
22. Oxford International Group and Oxford Gold Integrated
23. Skapomah Global Limited
24. MBA Trading and Capital Investment Limited
25. TRJ Company Limited
26. Farm4Me Agriculture Limited
27. Quintessential Investment Company
28. Adeprinz Global Enterprises
29. Rockstar Establishment Limited
30. SU Global Investment
31. Citi Trust Funding PLC
32. Farm Buddy
33. Eatrich 369 Farms and Food
34. Globertrot Farmsponsors Nigeria Limited
35. Farm Sponsors Limited
36. Cititrust Credit Limited
37. Farmfunded Agroservices Limited
38. Adamakin Investment and Works Limited
39. Cititrust Holding PLC
40. Green Eagles Agribusiness Solutions Limited
41. Emerald Farms and Consultant Limited
42. Ovaioza Farm Produce Storage Limited
43. Farm 360 and Agriculture Company
44. Requid Technologies Limited
45. West Agro Agriculture and Food Processing Limited
46. NISL Ventures Limited and Estate of Laolu Martins
47. XY Connect Investment Limited
48. River Branch Unique Investment Limited
49. Hallmark Capital Limited
50. CJC Markets Limited
51. Crowd One Investment
52. Farmkart Foods Limited
53. KD Likemind Stakeholders Limited
54. Holibiz Finance Limited
55. Ifeanyi Okpe Oil and Gas Services
56. Servapps Nigeria Limited
57. Barrick Gold Mining Company
58. 360 Agric Partners Limited

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The EFCC assured Nigerians of its vigilance and proactive monitoring of every entity and player in the nation’s economic space. This, it said, is important, to "safeguard the public from opportunistic and predatory operators and use the instrumentality of its anti-corruption mandate to stimulate growth in the economy".

EFCC arrests former governor, Udom Emmanuel

Earlier, Legit.ng reported that Udom Emmanuel, former governor of Akwa Ibom state, was arrested by EFCC operatives over an alleged N700 billion fraud.

Sources noted that Emmanuel was taken into custody shortly after arriving at the EFCC headquarters in Abuja.

Proofreading by James Ojo, copy editor at Legit.ng.

Source: Legit.ng