Anti-corruption and elections / EFCC
EFCC Convicts Three Firms for Illegal Capital Market Operations in Lagos
Justice D.I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Monday, July 14, 2025, convicted two companies, FARM360 Limited and MCBHADMOS Trans-Atlantic Trade Limited, for illegal capital market operations. The companies were arraigned by the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on Monday, June 16, 2025, on a five-count charge bordering on operating collective investment schemes without a licence either by the Central Bank of Nigeria, CBN, or the Securities and Exchange Commission, SEC. It was alleged that both firms, between 2021 and
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