Nigeria, June 20 -- The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned Green Eagles Agribusiness Solutions Limited before the Federal High Court in Ikoyi, Lagos, for allegedly operating an unlicensed investment scheme.

In a statement on Thursday, EFCC spokesperson Dele Oyewale said the firm is facing two counts before a judge, Chukwujekwu Aneke, for offering collective investment services without authorisation from the Central Bank of Nigeria (CBN).

According to the EFCC, the case followed a petition by a group of investors who alleged that in 2020, the promoters of Green Eagles - Taiwo Oluwadahunsola and Adetola Adetayo - advertised agricultural investment opportunities through social media and other platforms, ...