Metro
EFCC Alerts Nigerians On 58 Illegal Ponzi Scheme Operators

The Economic and Financial Crimes Commission has raised the alarm over the activities of 58 illegal Ponzi scheme operators defrauding Nigerians under the guise of investment opportunities.
In a statement released on Tuesday by the EFCC’s Head of Media and Publicity, Dele Oyewale, the anti-graft agency disclosed that the companies are neither registered with the Central Bank of Nigeria nor the Securities and Exchange Commission, making their operations illegal.
Oyewale noted that 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.
He added that other cases are still pending arraignment.
READ ALSO: EFCC Arrests Four Chinese, 27 Other Suspected Illegal Miners In Jos
The statement read in part, “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.”
According to Oyewale, 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 statement added, “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,
READ ALSO: EFCC Interrogates Former Minister Uju Ohanenye On Alleged N138M Fraud
“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.”
Oyewale assured the public that the EFCC remained vigilant in monitoring and prosecuting fraudulent investment schemes, warning Nigerians to exercise caution before committing funds to any financial entity not duly registered with regulatory bodies.
“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,” the statement added.
He urged victims of fraudulent schemes to come forward with complaints and assured them that efforts were ongoing to recover funds where possible.
Metro
Lagos Man Shot Dead After Fight In Nightclub
There was panic on Friday after a man, identified simply as Alex, was shot by suspected gunmen at Iyana Isashi in the Ojo Local Government Area of Lagos State.
It was learnt that the incident occurred at about 8 pm.
A resident in the community who requested not to be mentioned due to the nature of the incident had told The PUNCH that the deceased was on his way to meet a friend when two men on a bike accosted him.
One of them was, however, said to have pulled out a gun in the process and shot him at close range.
READ ALSO:Lagos Opens Portal For Teaching Job Applications
The source said, “Alex stays at Cele Niza here in Iyana Isashi. He had just come back from his place of work when he stepped out again, probably to meet a friend. He was on his way when some men on a bike stopped him on the way and shot him. It was the sound of the gunshot that attracted people around, who rushed to the spot and found him lying in a pool of blood. The gunmen were also seen trying to escape from the area while still on the bike.”
According to the source, Alex was immediately rushed to the hospital, where he was being attended to.
Giving an update on the incident on Wednesday, the source confirmed to that the victim succumbed to the gunshot injuries earlier in the day.
“We lost him this morning. He had been in a coma since that Friday, and doctors tried all they could to save him, but he did not make it,” the source disclosed.
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Meanwhile, the victim, otherwise known as Fleximore, was said to have had an altercation with some strangers at a nightclub in the community a day before the incident happened.
Another resident who identified himself simply as Quadri and made this known to The PUNCH on Wednesday said, “Some of his friends who went to a club in the area with him said he had a serious fight with some guys there. They said it started with an argument that later resulted in a confrontation.
“Although they tried to settle it but that is very unusual of him. You hardly hear anything of such about him. Alex is an easy-going person and does not make trouble, but we don’t know the kind of person he had issues with at the nightclub, and that is why some people said the attack was most likely a result of what happened at the club.”
According to Quadri, arrangements are ongoing to bury the late Alex.
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The state Police Public Relations Officer, Abimbola Adebisi, said she was not aware of the incident.
“I am not aware of the incident, but I will call the DPO in the area to confirm,” she said.
Communities in the Iba Local Government Area and adjoining communities along the Lagos–Badagry Expressway have, over the months, witnessed a series of cult-related attacks. The resident had also called for the intervention of the police authorities.
Metro
Gunmen Invade Ex-Ogun LG Chairman’s Residence
An armed gang on Thursday morning invaded the residence of former Ijebu-Ode Local Government Chairman, Alhaji Emilola Gazal, carting away valuables, cash, and his vehicle.
Gazal, who is also the publisher of The Roots Magazine, confirmed the incident in a telephone interview.
“The three armed men broke into my residence at Ijebu-Ode GRA at about 2 a.m. They collected all the cash with me after which they forced me to open my bank apps on my phone and transfer everything there to an account they provided. They left only N5,000 in my account.
READ ALSO:Police Foil Robbery On Sagamu-Benin Expressway, Recover Stolen Tricycle In Ogun
“They also made away with my wife’s trinkets and with my ash-colour car. They actually told me they would be going away with my car. I am just going to report the incident to the police at Igbeba and Obalende, Ijebu-Ode”, Gazal told our correspondent.
According to The PUNCH, that this incident comes amid a spate of violent robberies and home invasions reported across Ogun State, particularly in the Ijebu area.
For example, earlier this year, the Ogun State Police Command killed a suspected armed robber in a gun duel along the Sagamu–Ijebu Ode Expressway.
READ ALSO:Police Foil Robbery On Sagamu-Benin Expressway, Recover Stolen Tricycle In Ogun
The command, on September 12, 2025, also recently arrested a man linked to a burglary and armed robbery in Ayetoro, amounting to about N1.5 million in stolen goods.
Meanwhile, the regional security network, Amotekun Corps, has in past operations engaged criminal gangs in shootouts, neutralising suspects in Ogun’s border zones.
Details later…
Metro
Edo Police Kill Two Suspected Kidnappers In Gun Duel
Operatives of the Edo State Police Command neutralised two suspected kidnappers in a gun duel in Ubiaja, Esan South East Local Government Area on September 30.
The command’s spokesperson, Moses Yamu, confirmed this on Wednesday in a statement made available to newsmen in Benin.
According to Yamu, other suspects escaped with varying degrees of injury in the course of the gun battle, while guns and mobile phones were recovered from the scene.
READ ALSO:Edo Activist In Police Net Over Alleged Assault On Abure
He said, “On 30th September, 2025 at about 09:50hrs, acting on credible intelligence, operatives of the Amedokhian Tactical Division, in synergy with local Hunters and the Vigilante group, led by SP Peter Ogah, embarked on a bush combing operation along the railway track leading to Ubiaja in Esan South East Local Government Area.
“During the operation, the team encountered a gang of suspected kidnappers who opened fire on the operatives. In the ensuing gun duel, two of the suspects were neutralised, while others escaped with varying degrees of injuries.
“One AK-47 rifle with breech number 4148, 33 rounds of live ammunition, and two mobile phones were recovered at the scene. The neutralised suspects were immediately taken to the hospital where they were confirmed dead.”
READ ALSO:Police Rescue Mother, Baby, Five Others From Kidnappers In Kwara
The command’s imagemaker also disclosed that on the same date, operatives of the same Tactical Division recovered an English-made double-barreled shotgun with breech number 03273286 and two live cartridges in the forest around Idumogun community in Ukoni area of Esan South East LGA during a bush combing operation.
He said the Commissioner of Police, Monday Agbonika, commended the gallantry of the operatives, hunters, and vigilante groups for their swift response and synergy in combating crime.
Agbonika assured members of the public that the Command remains resolute in its commitment to rid the State of criminal elements.
He urged members of the public to support the command’s Community Safety Partnership initiative and informal policing efforts in ensuring a safer Edo State.
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