The Economic and Financial Crimes Commission (EFCC) has warned citizens to steer clear of 60 illegal Ponzi scheme operators in Nigeria.

These companies, operating without registration with the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC), have been identified as potential threats to the financial well-being of unsuspecting Nigerians.

According to the EFCC, some of these operators have already faced legal action, with five convicted and another five pleading guilty, awaiting sentencing.

The commission?s warning comes as a timely reminder for Nigerians to exercise caution when investing their hard-earned money.

The list of operators to avoid includes companies operating in various sectors, including agriculture, investment, and finance.

Full list below;

Wales Kingdom Capital

Bethseida Group of Companies

AQM Capital Limited

Titan Multibusiness Investment Limited

Brickwall Global Investment Limited

Farmforte Limited & Agro Partnership Tech

Green Eagles Agribusiness Solution Limited

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

Crowdyvest Limited

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

Adamakin Investment & Works Limited

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

360 Agric Partners Limited.

How to Protect Yourself

To avoid falling prey to these illegal Ponzi schemes, Nigerians are advised to:

1 Verify investment opportunities with the CBN and SEC before committing funds

2 Be wary of unusually high returns on investment

3 Research the company?s background and reputation

4 Report suspicious activities to the EFCC

By being vigilant and informed, Nigerians can protect themselves from the dangers of Ponzi schemes and make informed investment decisions. Stay safe, and stay informed. (Nigerian Tribune)

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