Connect with us

General

EFCC Names 58 Ponzi Schemes Nigerians Should Avoid [Full List]

Published

on

Ponzi Schemes

By Aduragbemi Omiyale

The Economic and Financial Crimes Commission (EFCC) has expressed concerns over the rising rate of Ponzi schemes in Nigeria amid genuine desire by citizens to seeks streams of income to survive the current harsh economic environment.

In a statement on Tuesday, the Head of Media and Publicity of the EFCC, Mr Dele Oyewale, said it has identified about 58 Ponzi scheme operators defrauding Nigerians under the guise of investment opportunities, warning members of the public to be wary of them.

He said these firms have not been registered or authorised by the Securities and Exchange Commission (SEC) or the Central Bank of Nigeria9CBN) to operate in the country’s financial markets, making their operations illegal.

According to him, the commission has taken legal action against many of the entities, leading to the conviction of five, while another five have pleaded guilty and are awaiting further judicial processes, with other cases still pending arraignment.

Mr Oyewale urged victims of fraudulent schemes to come forward with complaints and assured them that efforts were ongoing to recover funds where possible.

“We urge the public to verify any investment opportunity with the CBN and SEC before engaging. The EFCC remains committed to safeguarding the public from predatory operators and ensuring a corruption-free economic environment,” he stated.

“In line with its commitment to sanitising the financial space of the nation and providing the investing public with adequate and reliable information, the EFCC hereby alerts Nigerians to the operations of 58 companies posturing as investing entities but defrauding innocent citizens of their hard-earned money,” he stated.

He said some of the flagged companies include 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 Agricbusiness Solution Limited among others.

The firms are 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, (Annexation Biz Concept & Maitanbuwal Global Venturescrowdyvest Limited,) and Crowdyvest Limited,

Others are Jadek Agro Connect Limited, Adeeva Capital Limited, Oxford International Group and 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.

The rest include 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.”

General

FG Calls for Alternative Energy Sources to Drive Nigeria’s Maritime Industry

Published

on

Adegboyega Oyetola

By Adedapo Adesanya

The federal government has called for the adoption of alternative energy sources in the maritime industry to reduce greenhouse gas emissions, warning that Africa could face severe economic impacts if left behind in the global transition.

The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, made this call in Abuja while declaring open the African Strategic Summit on Shipping Decarbonization.

He cautioned that the ongoing shift to low-emission shipping fuels could increase transport costs for Africa, disproportionately affecting developing nations.

“With over 90 per cent of global trade relying on maritime transport, reducing GHG emissions is not just an environmental necessity but an economic imperative,” Mr Oyetola stated.

He stressed the need for Africa to have a strong voice in shaping global policies. “As the IMO advances its regulatory framework on decarbonization, Africa must ensure its interests are safeguarded, as we rely heavily on imports and contribute less than 2 per cent to the global fleet,” he said.

Highlighting the potential benefits of the transition, Mr Oyetola urged African nations to leverage the shift towards cleaner energy to boost industrialization.

“With 38 coastal nations, Africa can use this transition to develop its ports as launch pads for economic growth by engaging the Global North in strategic partnerships,” he added.

The Minister emphasized the need for a just and equitable transition, ensuring that no African nation is left behind.

“While we recognize the urgency of climate action, developing economies face challenges such as limited access to technology, energy poverty, and food insecurity. The principle of common but differentiated responsibilities must guide our approach,” he said.

Also, Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Mr Dayo Mobereola, reinforced the urgency of decarbonization.

“The shipping industry contributes about 3 per cent of global emissions. This summit is a platform for Africa to shape a strategy that ensures sustainable maritime development without being disadvantaged,” he noted.

Continue Reading

General

JUST IN: Ayobo-Ipaja LCDA Chairman Bolatito Shobowale Dies

Published

on

bolatito shobowale Ayobo-Ipaja LCDA

By Dipo Olowookere

The Chairman of Ayobo-Ipaja Local Council Development Area (LCDA), Mrs Bolatito Shobowale, has died, Business Post has confirmed.

She passed away on Friday after a prolonged battle with illness and three days after her deputy, Mr Ladi Oluwaloni, was asked to become the acting chairman of the council due to her long absence from work.

Mrs Shobowale had been away from her office for about six months, preventing the presentation of the 2025 budget to the council lawmakers for approval.

There had been underground grumbling within the LCDA until Governor Babajide Sanwo-Olu stepped in and approved the appointment of Mr Oluwaloni as the acting chairman.

Recent council activities had been carried out without the deceased, including the welcoming of the Governor Advisory Council (GAC) led by Mr Femi Pedro and the presentation of work tools to some residents who completed an empowerment programme sponsored by the state government.

Reacting to the death of Mrs Shobowale, the chairman of Alimosho Local Government Area, Mr Jelili Sulaimon, said she would be missed.

Mr Sulaimon, in a statement signed by his media aide, Mr Babatunde Yusuf, described the deceased, fondly called Mama Show, as a mother to all and a good administrator who is ever willing to see Ayobo-Ipaja LCDA progress positively.

According to him, Mrs Shobowale, elected into office in 2021, committed herself to the growth and development of council until her death.

Continue Reading

General

Expert Guidance And Legal Support: How Legallypass Simplifies Citizenship Applications

Published

on

Legallypass

Legallypass is a legal advisory firm that treats citizenship applications as a strategic process rather than just paperwork, recognizing that every detail can influence the outcome. As global mobility becomes a priority for many, the demand for second passports is rising. Yet, despite this growing interest, obtaining citizenship is rarely straightforward – each country has its own legal intricacies, shifting policies, and procedural hurdles that can complicate the process.

Those exploring Legallypass reviews are often looking for more than just guidance; they want solutions that anticipate challenges and prevent costly delays.Therefore, we encourage you to find out whether it is possible to get such help by cooperating with this migration company.

Why legal support matters in citizenship applications

Many assume that following official instructions is enough to secure approval, but Eurostat statistics tell a different story. For example, in Germany, around 30% of citizenship requests were denied in recent years due to insufficient language skills, lack of financial stability, or incomplete paperwork. In France, the rejection rate fluctuates between 10-15%, with many cases failing due to missing documents or failure to demonstrate sufficient integration into society.

This highlights a critical issue – EU citizenship applications are often more than just formalities. Each country has its own evolving criteria, and even minor mistakes can lead to delays or outright denial of documents. This is howLegallypass reviews showhow professional help can make the difference between approval and rejection.

Handling complex cases: How Legallypass helps where clients struggle

Legallypass provides structured assistance for cases that demand extra attention, ensuring clients meet official criteria without unnecessary delays. Below are some of the key services available for applicants facing procedural or legal complexities:

  • Assistance with retrieving documents for repatriation – researching archival records to confirm ancestral ties and provide legally recognized proof of heritage.
  • Legal representation for document submission – a company lawyer can either accompany the client to immigration offices or submit the paperwork on their behalf under a power of attorney.
  • Certified translation and notarization services – preparing official documents in the required language and verifying authenticity through notarization.
  • Support in obtaining internal documents – helping clients secure identification such as an internationally recognized driver’s license, if they already hold a valid permit.

Legallypass reviews often highlight the firm’s role in resolving non-standard cases where conventional approaches may not be sufficient.

Legallypass citizenship applications

Legallypass reviews: What clients say about their experience

Legallypass reviews frequently mention how the company structures the citizenship application process to minimize confusion. Many clients highlight clear communication, noting that responses are timely and provide concrete steps rather than generic advice. Others appreciate the transparency in pricing, as unexpected fees can be a common concern in the industry.

Another key theme in Legallypass reviews is the firm’s adaptability. Some applicants faced sudden document requests or shifting policies but found that the company quickly adjusted their application strategy to meet new requirements.

Beyond efficiency, Legallypass reviews also emphasize the value of delegating administrative work. Clients describe how legal representatives handle official submissions, reducing their need for direct involvement. While every citizenship application is unique, the consistent feedback suggests that professional support eases the process, especially when complications arise.

Ultimately, the Legallypass reviews suggest that clients value not just the final result. Most often, the emphasis is onhow the firm overcomes challenges along the way.

Continue Reading

Trending