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FRNGRestricted Archive · SEC Nigeria Cross-Reference

Historical Blacklist Vault

A standing record of Ponzi schemes, unregistered investment houses, and MLM matrices formally sealed up or flagged by regulators — from 2013 to present. 37 case files indexed.

Featured Case Files

Fully documented — mechanism, promise & outcome on record
FRNG-VLT-029 Sealed 2019

MBA Forex and Investment Ltd

Forex PoolsNationwide
The trap
Unlicensed forex trading pools operating without CBN/SEC authorization
Promised
15% guaranteed monthly returns
Est. exposure
₦213B in investor funds
Outcome
Seized & Frozen
Key Red Flag: Guaranteed Monthly Yield
FRNG-VLT-036 Sealed 2022

Farmforte Agro Allied Solutions aka Agropartnerships

Agri / Insurance FraudLagos / Abuja
The trap
Agricultural crowdfunding fronted by fabricated insurance backing
Promised
10% quarterly yields
Outcome
Offices Sealed / Founders Fled
Key Red Flag: False Insurance Claims
FRNG-VLT-024 Sealed 2017

Yuan Dong aka YDEC

MLM / Matrix LoopsAbuja / Asaba / Kano
The trap
Traditional multi-level matrix with heavy downline recruitment
Promised
Daily cash payouts + referral commissions
Outcome
Promoters Arrested / Offices Sealed
Key Red Flag: Aggressive Referral Multiplier
FRNG-VLT-035 Sealed 2022

Oxford International Group

Unregistered CrowdfundingLagos / Port Harcourt
The trap
Real estate and agriculture subsidiaries used to illegally pool public funds
Promised
Fixed returns via subsidiary "investment" products
Outcome
Head Offices Sealed by SEC
Key Red Flag: Unlicensed Fund Pooling
FRNG-VLT-026 Sealed 2019

Loom Nigeria Money aka Flip Cash Investment

MLM / Matrix LoopsOnline (WhatsApp / Telegram)
The trap
Peer-to-peer digital matrix loop, no underlying asset or revenue
Promised
Double your money via recruitment tiers
Outcome
Regulatory Public Disclaimers
Key Red Flag: Pure Pyramid Structure

Archive Ledger

Name, area & sealing year only — sourced from the SEC schedule
S/NCompanyArea of OperationYear SealedCategory
01Women in Oil LtdKaduna State2013Unclassified
02Rosabon Financial Services LtdLagos State / Port Harcourt2013Unclassified
03Gift from AboveOnitsha2013Unclassified
04Baresi Capital LtdLagos State2013Unclassified
05Joy Apple Investment LtdLagos State2013Unclassified
06Divine Settlement Investment and Resources Company LtdLagos State2013Unclassified
07Obichi Investment & Management Nig. LtdOnitsha2013Unclassified
08New Nation / Women in Oil35 States (excl. Borno & Yobe)2014Unclassified
09Equation Global Services SolutionPort Harcourt, Rivers State2014Unclassified
10DMC Management LtdLagos State2014Unclassified
11Whitewood Asset Management LimitedLagos State2015Unclassified
12Lamb & Lamb Ltd.Anambra State2015Unclassified
13Powertronic LtdRivers State2015Unclassified
14Madumon Investment LtdAnambra State2015Unclassified
15Stock Empire Ventures LimitedOyo State2015Unclassified
16YBF Consult LimitedAbuja / Ilorin2016Unclassified
17Tine God Network LimitedLagos / Onitsha2016Unclassified
18Converged Dynamic International LimitedSokoto / Port Harcourt2016Unclassified
19All Trust Heritage International LimitedBonny Island, Rivers State2016Unclassified
20Fantastic Esanbet Nigeria LimitedBenin, Edo State2016Unclassified
21MMM Federal Republic of NigeriaOnline2016Unclassified
22Flexus Global Solutions Investment Ltd.Port Harcourt2016Unclassified
23Ruby Gold VenturesAbuja2016Unclassified
25Box Value Trading CompanyNot specified2019Unclassified
28Helping Hand and InvestmentNot specified2019Unclassified
30Federate Investors Trading CompanyNot specified2019Unclassified
31Jamalife Helpers Global LtdNot specified2019Unclassified
32Kudy Financial LtdNot specified2019Unclassified
33Now Now AlertNot specified2019Unclassified
34Darrol Investment LimitedIbadan2020Unclassified
37Vekt Capital Investment LimitedLagos / Abuja2022Unclassified
38Ovaioza Farm Produce Storage BusinessAbuja2022Unclassified
Pattern Analysis

The Anatomy of a Collapse

Across every sealed operator in this vault, roughly 90% share the same three structural tells. Learn them once, and you can spot the next one before it collapses.

01

Unrealistic Guaranteed Yields

Fixed, above-market returns promised regardless of real-world market conditions — a mathematical impossibility for any legitimate asset class.

02

Aggressive Referral Multipliers

Income depends more on recruiting new depositors than on any underlying business — the defining signature of a matrix or pyramid loop.

03

False Licensing / Insurance Claims

Fabricated SEC registration, CBN licensing, or third-party insurance backing used to manufacture false trust ahead of collapse.

Spotting a platform matching these patterns right now?

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