The Economic and Financial Crimes Commission (EFCC) has warned Nigerians about 58 companies posing as investment entities, defrauding people of their hard-earned money. These companies are not registered with the Central Bank of Nigeria (CBN) or the Security Exchange Commission (SEC), according to the EFCC spokesperson, Dele Oyewale .

The list of illegal companies includes:

- *Wales Kingdom Capital*, *Bethseida Group of Companies*, *AQM Capital Limited*, *Titan Multibusiness Investment Limited*, and *Brickwall Global Investment Limited*
- *Farmforte Limited & Agro Partnership Tech*, *Green Eagles Agricbusiness Solution Limited*, *Richfield Multiconcepts Limited*, and *Forte Asset Management Limited*
- *Biss Networks Nigeria Limited*, *S Mobile Netzone Limited*, *Pristine Mobile Network*, and *Letsfarm Integrated Services*
- Other companies on the list include *Jadek Agro Connect Limited*, *Adeeva Capital Limited*, *Oxford International Group*, and *Oxford Gold Integrated* 

The EFCC has taken legal action against these companies, with five convicted, five pleading guilty and awaiting review, and the rest pending arraignment . The commission assures the public of its continued vigilance and proactive monitoring to safeguard against opportunistic operators and stimulate economic growth .