The Economic and Financial Crimes Commission (EFCC) has released a list of 58 companies operating illegal Ponzi schemes in Nigeria, warning the public to avoid investing with them.

According to the EFCC, these companies are not registered with the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC). Several have been charged to court, with five already convicted, another five pleading guilty but awaiting sentencing, while others are pending arraignment. The two regulators, in separate correspondences with the EFCC, denied that the companies are registered with them.

Here’s the full list:

 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 Agricbusiness 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 Ventures

Crowdyvest Limited

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

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.

The EFCC emphasizes that these companies are not registered with the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC). A statement by the head of media and publicity of the commission says the companies are neither registered with the Central Bank of Nigeria nor the Security Exchange Commission.

The EFCC assured the public of its ongoing efforts to monitor and shut down fraudulent investment schemes while working to protect citizens and promote economic stability.