The Federal High Court in Lafia, Nasarawa State, has convicted and sentenced 21 companies for allegedly operating financial investment businesses without valid licences from the Securities and Exchange Commission, SEC.
Justice Anyalewa Onoja-Alapa convicted the companies after they were arraigned by the Abuja Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on September 15 and 16, 2026.
The companies were charged separately with offences contrary to Section 57(1) of the Banks and Other Financial Institutions Act, 2020.
They are Ngwuoke Daniels Technologies, Credio Banco Ltd, Digital Company Ltd, Co Request Capital Nigeria Ltd, Mega Drop Quality Stores Ltd, Norland Global Ltd, Oxford International, Creative Agriculture Cooperative, Qnet Nigeria Ltd, Qnet Professional Skill Academy Ltd and Mastermind Energy & Agro Nigeria Ltd.
Others are Atus West Africa Investment Company, Eatrich360 Farms, Matag Agro General Services, Viables X Agribusiness Ltd, Kwakol Markets L...
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