Anti-corruption and elections / EFCC
EFCC Arraigns Two Firms for Alleged Illegal Capital Market Operations in Lagos
The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, Okotie-Eboh, Ikoyi, Lagos, on Monday, June 16, 2025, arraigned two companies, FARM360 Limited and MCBHADMOS Trans- Atlantic before Justice D.I. Dipeolu of the Federal High Court sitting in Ikoyi , Lagos. The companies were arraigned 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 2022, collected the sum of N80,000,000.00 ( Eig…
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