Top 40 Fake Betting Companies In Nigeria

Since the evolvement and consequent legalization of betting companies in Nigeria, it has become a legitimate form of business and of course entertainment that the general public embraced. However scam and fake betting companies in Nigeria have also evolved and while well-intentioned betting organizations began to appear in greater numbers as professional businesses, fake betting scams jumped on board just as swiftly.

Top 40 Fake Betting Companies In Nigeria
Top 40 Fake Betting Companies In Nigeria

The online gambling business continues to evolve at an exponential rate across the country, because of also the evolvement of fake betting businesses in Nigeria, attracting a great deal of interest from cybercriminals and fraudsters alike. These have fostered betting scams and frauds like never before. And scammers continue to invent a number of ingenious sports and other related betting strategies which they use to exploit people.

To a considerable extent, the betting industry is largely unregulated in Nigeria, with numerous defining factors and grey areas that need resolution. At this time, anyone with a fresh startup company or product can pose as a self-proclaimed, seasoned “handicapper.” This is a word used in the sports betting industry to describe specialists who analyze games and other variables in great detail in order to generate regular profits, and then sell their knowledge to those willing to pay for it.

The Economic and Financial Crimes Commission (EFCC), has however been able to uncover 35 fake betting companies in Nigeria who do not have core licenses or permits to operate.

The anti-graft agency says the discovery followed its latest attempt to end fraud related tax in the lottery and betting industry in Nigeria. A statement by Tony Orilade, acting Head, Media and Publicity for the EFCC said: “The 35 illegal fake betting companies in Nigeria were unraveled during an investigation that was carried out on the operations of lottery companies across the country, supported by a document from the National Lottery Regulatory Commission (NLRC) based on request from the EFCC.”

EFCC Gives Names Of Top 35 Fake Betting Companies In Nigeria

Find below list of top 35 fake betting companies in Nigeria unveiled by EFCC.

  1. Emerald Bets International Limited (Emerald Bet)
  2. Saharabets Sports Ltd (Surebet247)
  3. Bimm Entertainment Ltd (Easy Bet)
  4. Champion Superbet (Superbet)
  5. EbonyBet
  6. 360Bets Limited
  7. Bet Now Global Business Services Limited
  8. Caryle Investment Limited (BetMunster)
  9. Camlake Limited (Wakabet)
  10. West Africa Betting Company Limited (PMUbet)
  11. Playwin International Limited (RukkaBet)
  12. Ana Lottery Ltd
  13. ParknBet Champion Bookmakers. Nig. Limited
  14. Space Gaming
  15. Fane Int’l Sports Tour Limited (First Fane Sports)
  16. Zandalex Int’l Nigeria Limited
  17. Gidi Games
  18. Uwin Bets Limited
  19. Megawin Bets Limited
  20. Vertical Bets and Gaming Limited
  21. Smart Bet Limited (Power Bet)
  22. EasyGold Network (Awoof Bet)
  23. Melbet
  24. 22Bet
  25. LovingBet
  26. LionBet
  27. NetBet
  28. Nairapower Bet
  29. SupaBet
  30. SportBet
  31. KorectWin
  32. 2SureBet
  33. Betwin9ja
  34. Western Sportbet Nigeria Limited
  35. Netbet
  36. Wakabet
  37. Winlot
  38. Doxxbet
  39. Supabets

The last 5 fake betting companies in Nigeria were sealed in Lagos State by the National Lottery Regulatory Commission also in a bid to sanitize the lottery and gaming industry in Nigeria of illegal operation,

“Investigation also revealed that only 21 licensed operators and 18 companies with permits from NLRC currently operate in the country.

“Those hitherto operating illegally, in contravention of the relevant laws and guidelines would, henceforth , face the full wrath of the law as investigation is ongoing on their illegal activities,” Orilade said.

Do You Need Quick Or Emergency Loan From Reputable Loan Apps In Nigeria?

In need of an instant loan or an emergency cash loan in Nigeria? You can apply through any of the top loan apps in Nigeria and get funded under 3 hours, a few more hours or within 24 days. No hidden charges, no document needed, no collaterals needed with any of our list of reputable loan apps in Nigeria. One of such reputable emergency loan platforms is Taka loan.

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Instant Loan Apps In Nigeria In Minutes
 Instant Loan Apps In Nigeria Have Changed The Dynamics of The Loan Industry

There are many loan apps designed for urgent and emergency cash if you are a Nigerian and live in Nigeria.  An emergency cash loan is available for anyone who has an urgent financial obligation that cannot wait.

Reputable And Reliable Instant Loan Apps In Nigeria To Borrow From

If you need a reputable and reliable instant loan app in Nigeria, you can apply for quick cash loans from other platforms apart from ALAT By Wema app. However if you are a business owner, you can apply for a bigger loan amounts from Lendigo platform. The funds can be used to grow and expand your business.

We should also add that if you are a Nigerian or non Nigerian but resident in United States (USA), you can apply for an emergency cash advance loan even if you have a poor or bad credit rating. Please ensure you avoid like a plague any of the following top 22 loan sharks in Nigeria. They are scam and fraudulent.

READ ALSO! TOP 13 ACCOUNTING SOFTWARE FOR SMALL AND MEDIUM SCALE BUSINESSES

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About the Author: Femi Adeoya

Mr Femi Adeoya is a Chartered Forensic Accountant and a Certified Fraud Examiner. He has over 20 years professional work experience in accounting, finance and business management processes. As an Accounting Software Expert, he has implemented and supervised accounting solution set up of over 50 small and medium businesses in Nigeria. As a passionate blogger, Mr Adeoya is an ardent writer and communicationist. He is the CEO of QUICK LOAN ARENA (quickloanarena.com), the number 1 loan apps review website in Nigeria. He is very passionate about the quick and instant loan industry in Nigeria and has written over 200 reviews on different loan apps and digital banks in Nigeria, USA, Canada and UK.

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