Cyber security: List of Fake Companies In Nigeria (2026)

Cyber security: List of Fake Companies In Nigeria: In the present day Nigeria, digital fraud has gradually become a job opportunity to some young men and women, who refused to contribute to their society – positively. To some extent, there’s now a known fraud academy, which is popularly called HK (Hustling Kingdom). This is an illegal space where young Nigerians assemble to scam both citizens and foreigners. These individuals, creates fake companies and often times, clones already existing companies – with the aim of scamming investors.

​However, as of early 2026, regulatory bodies like the Securities and Exchange Commission (SEC) and the Corporate Affairs Commission (CAC) have intensified their crackdown on illegal operators. This article provides a comprehensive look at the top fake business schemes and unregistered entities currently threatening the financial safety of Nigerians and foreigners, who might fall victim to these dubious activities from scammers in Nigeria. Before you proceed reading, note that this article is a comprehensive information on cyber security; you might have to read at length (2000+ words)

Top Fake Nigerian Business Schemes In 2026

Cyber security: ​In late 2025 and early 2026, SEC and CAC released several circulars blacklisting specific organizations. These entities often use fake registration numbers (RC or BN) to appear legitimate.

• ​Forsman & Bodenfors LTD (F&B): A major scam identified in July 2025. It impersonated a Swedish advertising firm, promising “automatic employment” to Nigerians who paid fees and recruited others—a classic Ponzi scheme disguised as a job opportunity.

• ​**CBEX (Crypto Bullion Exchange): Also operating under the name ST Technologies International Limited, this platform caused significant losses for students and retirees in late 2025 by promising implausible guaranteed returns on crypto assets.

• ​Sapphire Scents Limited: Flagged by the SEC for operating an unregistered investment scheme while presenting itself as a legitimate fund manager.

• ​ZugaCoin & Samzuga GPT: Repeatedly flagged by regulators as unregistered crypto assets that carry high risk for investors.
• ​Modmount Services Limited & Aurum Bot: Identified in January 2026 as suspected fraudulent platforms targeting unsuspecting forex traders.

​Cyber security: List of Unregistered Firms Flagged by the CAC

​The CAC recently warned against several firms using purported registration numbers that do not exist in their database. These include:

• ​Famas Services Nigeria Limited (RC 216312)

• ​Promo Dutch Investment Limited (RC 396654)

• ​Purpleheart Construction and Real Estate Mgt. Co. Ltd (RC 1210548)

• ​Dialack Concept Nig. Ltd (RC 297772)

​Before we proceed, we’ll like to share a little verified information from CAC, with the general public. Here is the breakdown of their current legal status:

​Illegal Registration Status

​The CAC explicitly stated that the RC Numbers (Registration Certificate numbers) listed next to the names in the table below, were either fake or had never been assigned, based on the latest reports from the Corporate Affairs Commission (CAC) as of 2026.

According to the Commission, these entities were never “duly registered” to begin with. Here is the breakdown of their current legal status:

1. Illegal Registration Status

The CAC explicitly stated that the RC Numbers (Registration Certificate numbers) listed next to these names were either fake or had never been assigned to those specific companies. Because they were never officially incorporated, they do not have a “fully registered” status to return to.

2. Immediate Removal in late 2025

The CAC took the following actions:Database Purge: All 247 names and their alleged RC numbers were deleted from the national registry. Public Disclaimer: The CAC issued a formal notice warning the public and financial institutions that these entities are not “legal persons” and cannot enter into binding contracts. Asset Risks: Any bank accounts or assets held in these names may be subject to freezing because the underlying legal identity does not exist in the eyes of the law.

3. How to become fully registered

If any of these businesses want to become “fully registered,” they cannot simply “fix” the old record. They must:Start fresh: Apply for a completely new name reservation.Verify availability: Since their previous names were removed, they might be able to register under the same name (if it’s not already taken), but they will receive a new, valid RC Number.

Full Compliance: They must provide actual directors, shareholders, and share capital details as required by the Companies and Allied Matters Act (CAMA) 2020.

Note for Safety: If you are planning to do business with any company on this list, you should verify their status on the CAC Public Search Portal. If their name still appears with the “Alleged” RC number you have, they are likely still operating illegally to those specific companies. Because they were never officially incorporated, they do not have a “fully registered” status to return to:

• ​Database Purge: All 247 names and their alleged RC numbers were deleted from the national registry.

• ​Public Disclaimer: The CAC issued a formal notice warning the public and financial institutions that these entities are not “legal persons” and cannot enter into binding contracts.

• ​Asset Risks: Any bank accounts or assets held in these names may be subject to freezing because the underlying legal identity does not exist in the eyes of the law.

​ Can they register now?

​If any of these businesses want to become “fully registered,” they cannot simply fix the old record. They must:

1. ​Start fresh: Apply for a completely new name reservation.
2. ​Verify availability: Since their previous names were removed, they might be able to register under the same name (if it’s not already taken), but they will receive a new, valid RC Number.
3. ​Full Compliance: They must provide actual directors, shareholders, and share capital details as required by the Companies and Allied Matters Act (CAMA) 2020.

​Note for Safety: If you are planning to do business with any company on this list, you should verify their status on the CAC Public Search Portal. If their name still appears with the “Alleged” RC number you have, they are likely still operating illegally

List of fake / Unregistered companies in Nigeria

S/N	Business Name	Alleged Registration Date
1	A.B.K. & SONS LIMITED	12-Dec-02
2	A.B W NIGERIA LTD	06-Jan-05
3	A.I.S LIMITED	20-Jun-01
4	A.K DAIYABU AND COMPANY NIG LTD	24-Apr-95
5	A.U GENERAL & SONS LTD	04-Jan-02
6	ABBYTEL NIGERIA LIMITED	15-Feb-00
7	ABERTA INTERNATIONAL LTD	15-Jan-98
8	ABUJAN MULTINATIONAL ASSOCIATES LTD	10-Apr-90
9	ABUJA TECHNOLOGY VILLAGE FREE ZONE COMPANY LTD	30-Aug-00
10	ADENIYI RAIMI ENT. NIG LTD	20-Feb-85
11	ADROSE GAS LIMITED	05-May-93
12	ALA-MEE NIG. COMPANY LTD	21-Jun-95
13	ALH. AUDU GEEN AND SON LTD	06-Mar-95
14	ALH.S.G KOKO AND SONS LIMITED	14-Sep-93
15	ALI-BABA NIG LIMITED	04-Feb-99
16	AL-MUSAFIR MOTORS LIMITED	20-Mar-00
17	ALPHACELL TECHNO LIMITED	11-Feb-98
18	AM-PM GLOBAL NETWORK LIMITED	17-Jan-00
19	AMBERGAS LIMITED	11-Jul-90
20	AMBOY (NIGERIA) LIMITED	24-Aug-99
21	AMINU AND CO NIG LTD	10-Oct-95
22	AMOKA GROUP	22-Aug-96
23	AMSSCO LIMITED	20-Sep-00
24	ANALU (NIG) ENT. LTD	18-Mar-96
25	ARAM (NIG) LTD	14-Jul-92
26	ASBAB NIG LTD	16-Mar-94
27	ASTERISK CONCIERGE LIMITED	22-Aug-90
28	BADATOYAK LTD	03-Apr-91
29	BAL-VAC MINING LIMITED	16-Sep-99
30	BAL-VIC MINING LIMITED	10-Jan-96
31	BEKS KIMSE (NIGERIA) LIMITED	17-Mar-95
32	BENMELA INVESTMENT NIGERIA LIMITED	16-Apr-97
33	BESTMARK NIG. ENT LTD	19-Aug-92
34	BIFEX CONSULTANTS LIMITED	10-Jan-97
35	BIKEM NIG. LTD	08-Jul-96
36	BORNAO ENGINEERING SUPPLY & TECHNICAL COMPANY LTD	22-Jul-91
37	CANOPUS NIG. LTD	17-Jul-95
38	CENTOSONIC INVESTMENT LIMITED	16-Feb-99
39	CHARJOE NIG LTD	10-Jan-00
40	CHIVAR PARKS & RECREATION SERVICES LIMITED	07-Dec-97
41	CHRIS AKINBOTE SURVEY LTD	28-Apr-97
42	CROCTHET INVESTMENT LIMITED	23-May-00
43	CUTRA INTERNATIONAL LTD	22-Mar-91
44	D.C.M & VENTURES NIG LTD	17-Apr-95
45	DAKWOGI ESTATES LIMITED	02-Feb-98
46	DAN-BAU NIG.LTD	19-Oct-93
47	DANBO LIMITED	12-Mar-97
48	DANDIKO VENTURES LTD	19-Jul-90
49	DAN DOLLARS MOTORS LIMITED	13-Nov-90
50	DEHI UWAIFOH AND COMPANY LIMITED	24-Aug-94
51	DESIGN BUILD CONCEPT LIMITED	18-Mar-98
52	DESIGN PROPERTIES LIMITED	13-May-97
53	DIAMOND CONSTRUCTION ENGINEERING LTD	26-Jan-94
54	DIVINE DIAG AND SCIENTIFIC ENT LTD	26-Oct-06
55	DOSALI ENTERPRISES LTD	14-Mar-90
56	DOVICOM RESOURCES LTD	18-Jun-97
57	DWELL SPACE LIMITED	14-Jan-97
58	ED-ROSE NIG LTD	10-Sep-00
59	EL – HAYAT NIG LTD	04-Dec-94
60	ENVOY ENTERPRISES LIMITED	18-Jul-03
61	EQUITY CONCEPT LTD	18-Jul-96
62	ERUNDE FORUM FOR YOUTH EMPOWERMENT	09-Jan-95
63	EXCELLENT INSURANCE BROKERS	25-May-98
64	EXPOSEE LIMITED	27-May-97
65	EXPRESS ED BETA LTD	26-Feb-96
66	EZ & E CONSULT LIMITED	23-Aug-90
67	FAMINGSON COMPANY LIMITED	10-Dec-97
68	FAPLINS NIGERIA LIMITED	07-Dec-99
69	FAST MOTION LOGISTICS LIMITED	06-Jan-97
70	FIRE WORKS TECHNOLOGY SOLUTIONS LIMITED	24-Mar-98
71	FODALCO UNIVERSAL SERVICES LTD.	18-May-00
72	FOLAKE NIG. LTD	16-Jul-90
73	FRONCH INTEGRATED NIGERIA LIMITED	20-Mar-95
74	FUMAH FACILITY SERVICES LIMITED	12-Feb-96
75	FUNCTIONAL FORM ESTHETICS LTD	23-Mar-98
76	GAAT INVESTMENT LTD	09-Jan-96
77	GADZAMA VENTURES LTD	23-Aug-94
78	GAFAM NIGERIA LIMITED	12-May-05
79	GENTEL MARITIME ESTATE LTD	10-Oct-05
80	GIA INTERGLOBAL NIGERIA LTD	22-Aug-96
81	GIWA/NACHI LTD	04-Dec-97
82	GLOBTRANS NIGERIA LTD	23-May-91
83	GOD’S FAVOUR NIG LTD	26-Jul-90
84	GODIYA NIG. LTD	20-Feb-00
85	GOLBERG LTD	27-Apr-93
86	GRAND-WORKS NIGERIA LIMITED	05-Sep-97
87	GREEN GRASS GLOBAL SERVICES LIMITED	28-Feb-96
88	HAFANA NIGERIA LIMITED	14-Feb-90
89	HALLIZOBATEEK MARCHADISE LTD	23-Jun-05
90	HANAOLI LTD	09-Mar-95
91	HARKA INTERNATIONAL LIMITED	10-Mar-99
92	HARMONY AND SONS LTD	15-Jun-95
93	HASSAN AND ASSOCIATES LIMITED	10-Jan-96
94	HOLLYHOBBY NIG. LTD	27-May-98
95	HONEYWELL OIL & GAS LTD	10-Dec-96
96	HOUSE FURNISHING CO. LTD	06-Feb-90
97	HUDSON DREDGING LTD	06-Dec-97
98	HUDSON ESTATE & MARINE SERVICES LIMITED	12-Dec-98
99	IMPERIAL UNION LIMITED	16-May-94
100	INDEPENDENT POLICY GROUP LTD	04-Jan-96

Tech tools used by scammers

​AI-Driven Deepfakes and Impersonation

​One of the most dangerous trends in 2026 is the use of AI-generated videos. Scammers use the likeness of trusted figures like Ngozi Okonjo-Iweala, Ibukun Awosika, or health influencers like Aproko Doctor to endorse “wealth-building” apps. Because the videos look and sound real, many victims are lured into downloading malicious apps or investing in non-existent schemes.

​Unregulated “Agent Banking” and PoS Scams

​The “Point of Sale” (PoS) business has been a lifeline for financial inclusion, but it has also become a hotbed for fraud. In December 2025, the CAC announced a total shutdown of all unregistered PoS operators effective January 1, 2026. These unregistered agents often engage in:

• ​Card Cloning: Using hidden devices to copy ATM card details.
• ​Unlicensed Lending: Offering high-interest loans through unregistered apps that then harass the user’s contact list when repayment is delayed.

​Fake E-commerce and “Payment Before Delivery”

​Social media platforms like Instagram and X (formerly Twitter) are filled with “vendors” selling high-end electronics or designer clothes at 50% below market value. These “businesses” often:

• ​Have thousands of followers (mostly bots).
• ​Disable comments on their posts to hide complaints.
• ​Insist on “Payment Before Delivery,” only to block the customer once the transfer is made.

​Categories of Fraudulent Schemes

​Understanding the architecture of these scams is the first step in avoiding them.

​Ponzi and Pyramid Schemes

​These remain the most common. They have no real product or service; instead, they use money from new investors to pay old ones.

• ​The Red Flag: They always require a “referral” to maximize earnings.
• ​Historical Context: Schemes like MBA Forex, InksNation, and Chinmark set the blueprint for the current wave of digital asset scams.

​Job and Recruitment Scams

​In an economy with high youth unemployment, fake job offers are a cruel but effective tactic. These “companies” post listings on LinkedIn or WhatsApp, conduct a fake “online interview,” and then demand a “processing fee” or “uniform fee.”

​Note: Legitimate companies in Nigeria will never ask a candidate to pay for a job interview or processing.

​Real Estate Scams

​Unregistered real estate “developers” sell the same plot of land to multiple people or sell land in government-protected “committed acquisition” zones. They often lack a Certificate of Occupancy (C of O) or a registered Deed of Assignment.

​Very important: How to Verify a Business in Nigeria

​Before committing your hard-earned Naira, use these three layers of verification:

​Layer 1: The CAC Search

​Every legitimate business in Nigeria must be registered with the Corporate Affairs Commission.

1. ​Visit the CAC Search Portal.
2. ​Type in the exact name of the business.
3. ​If the search returns “No record found,” or if the “Status” is “Inactive,” proceed with extreme caution.

​Layer 2: SEC and CBN Check

​For any business involving money (investments, loans, savings, forex):

• ​SEC: Check the SEC Nigeria list of Capital Market Operators. If they are not on this list, they cannot legally manage your money.
• ​CBN: For fintechs and lending apps, verify their license on the Central Bank of Nigeria’s website under “Financial Institutions.”

​Layer 3: Digital Footprint Analysis

• ​Website Age: Use “WhoIs” lookups to see when their website was registered. A “global investment firm” with a website only two weeks old is a scam.
• ​Physical Address: Use Google Maps to verify their office. Many fake businesses use the addresses of shopping malls or residential buildings where they don’t actually have an office.

• ​Payment Channels: Legitimate businesses use Corporate Accounts. If a “company” asks you to pay into a personal savings account (e.g., “John Doe – Kuda Bank”), it is almost certainly a scam.
• ​App Check: Only download loan apps that appear on the FCCPC official register.

​What to Do If You Have Been Scammed

​If you realize you have transacted with a fake business, time is of the essence:

1. ​Contact Your Bank: Immediately report the transaction and request a “Watch-List” on the recipient’s BVN (Bank Verification Number).
2. ​Report to the EFCC: Use the “Eagle Eye” app or visit the nearest Economic and Financial Crimes Commission office.
3. ​Report to the FCCPC: The Federal Competition and Consumer Protection Commission can help with fraudulent e-commerce vendors.

​Summary Table: Warning Signs vs. Legitimate Business

Feature	Fake/Unregistered Business	Legitimate Business
Registration	Claims “in progress” or uses fake RC number.	Verifiable on CAC Search portal.
Returns	20% – 50% monthly “guaranteed.”	Market-based, realistic returns.
Payment	Personal accounts or Crypto only.	Corporate Bank Account in business name.
Pressure	“Offer ends in 1 hour!” or “Limited slots.”	Professional, transparent timelines.
Endorsements	Deepfake videos of celebrities.	Verifiable

Registration	Claims “Foreign License” only.	Verified on search.cac.gov.ng.
Investment Returns	“Guaranteed” 20% – 40% monthly.	Market-realistic (e.g., 12% – 18% yearly).
Payment Method	Personal Bank Account or Crypto.	Corporate Bank Account in company name.
Communication	Conducted strictly on Telegram/WhatsApp.	Professional website with a physical office.