News
CBEX: 60 fraudulent Ponzi scheme operators to avoid in Nigeria

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.
News
Osun PDP Reps Dismiss Defection Claims, Pledge Support for Adeleke

By Gloria Ikibah
Eight out of the nine Peoples Democratic Party (PDP) members representing Osun State in the House of Representatives have firmly restated their loyalty to the party and Governor Nurudeen Ademola Adeleke, distancing themselves from recent defection claims.
Their stance follows public comments by Rep. Busayo Oluwole Oke, who recently exited the PDP and hinted that other members of the Osun caucus were poised to follow his lead.
In a joint statement released in Abuja on Friday, the lawmakers which include Reps Bamidele Salam, Ajilesoro Abimbola Taofeek, Mudashiru Lukman Alani, Akanni Clement Ademola, Omirin Emmanuel Olusanya, Adewale Moruf Adebayo, Adetunji Abidemi Olusoji, and Oladebo Lanre Omoleye—made it clear they remain committed to the PDP and its leadership in the state.
They described Oke’s exit as unsurprising, pointing to what they called his long-standing pattern of defiance, public criticism of the party, and antagonism towards the Adeleke-led government.
The lawmakers labelled his defection as an act of ingratitude, given the political opportunities the PDP had afforded him over the years, and cautioned him against spreading misleading narratives aimed at courting favour within his new political camp.
News
Kalu Rallies South East to Embrace Centre for Greater National Gains

…as he unveils Renewed Hope Partners in Umuahia
…seek federal projects to boost regional economy
By Gloria Ikibah
Deputy Speaker of the House of Representatives,Rep. Benjamin Kalu, has urged the South East to forge stronger political alignment with the federal government, stressing that such synergy is key to unlocking greater development opportunities for the region.
Kalu made this call on Thursday in Umuahia, Abia State, during the formal launch of Renewed Hope Partners (RHP), a political and development-oriented platform tailored to advance the second-term ambition of President Bola Ahmed Tinubu.
Describing the RHP as a strategic tool, Kalu explained that it would serve to bridge national policies with regional priorities, ensuring that the South East fully benefits from the federal government’s agenda.
Speaking to a crowd of stakeholders and supporters, the Deputy Speaker, who represents Bende Federal Constituency, cited various achievements under the current administration, particularly in the South East, and reassured the people of the government’s continued commitment to infrastructure, economic inclusion, and stability.
He called on the federal government to prioritize key developmental projects in the region, including the construction of a gas pipeline to support industrial growth, the dredging of the Onitsha River to revive inland water transport and trade, and the expansion of the Onne port to ease logistics and boost economic activities across the South.
Kalu urged the region to leverage its collective strength and re-engage with the centre for long-term relevance and impact, noting that the time had come for strategic partnership over political isolation.

The Deputy Speaker highlighted several milestones recorded under President Tinubu’s administration, including proposed investments totalling $50.8 billion, a rise in national revenues to over ₦9.1 trillion within the first half of 2024, and a GDP growth rate pegged at 3.4% for the year.
He also pointed to a sharp rise in foreign remittances, which reportedly hit $23.4 billion—marking a 61.1% increase compared to the previous year.
Referencing the Compressed Natural Gas (CNG) initiative, Kalu noted that the shift is expected to reduce the country’s petrol import bill by over ₦2 trillion monthly.

News
Spanish police arrest mother over sale of newborn baby for $2,300

Spanish police said Friday they had nabbed a woman who allegedly sold her newborn baby girl to a couple undergoing fertility treatments for 2,000 euros ($2,300).
Officers arrested the 37-year-old last month in Mostoles, a southern suburb of Madrid, a police statement said. The couple suspected of buying the baby and two of their relatives were detained in the southern city of Cordoba.
A preliminary investigation concluded the woman “reached an economic deal” to give her newborn baby for 2,000 euros to the couple, but then “regretted selling her daughter” and asked to get her back.
The couple refused to return the baby unless the woman returned the money they had paid, plus another 1,000 euros to cover various expenses the woman said she had incurred during the month she spent with them in Cordoba before giving birth.
Police said they began investigating after the woman filed a complaint alleging that a family in Cordoba had “kidnapped” her newborn baby.
The baby was turned over to a child protection centre in Cordoba. The authorities had in 2022 removed the woman’s six other children from her custody, accusing her of neglect, police said.
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