Operatives of the Economic and Financial Crimes Commission (EFCC), Kaduna Zonal Directorate, have apprehended 28 individuals suspected of operating a Ponzi scheme in Minna, Niger State.
The suspects have been identified as Nofisat Opeyemi, Shukurat Muritala, Odunayo Sanni, Mayowa Oyekola, Aishat Olaitan, Edward Hannah, Abioye Fathiah, Joseph Omowunmi, Kareem Ahmed, Arikeusola Afeez, Adiamo Mutholib, Abass Ibrahim, Wasiu Taofeek, Adeniji Damilare, Nurudeen Akinola, and Mubarak Yekeen. Others include Adedeji Ayobami, Alani Samuel, Ogundele Yunus, Adekunle Ibrahim, Adewale Azeez, Rufai Faruk, Fawaz Yekeen, Olade Abdullahi, Ahmed Murtala, Adisa Habeebllahi Akorede, Adigun Timilehin, and Abdulfatai Ridwannullah.
Their arrest followed credible intelligence linking them to fraudulent investment activities involving Q-Net Ltd., which was operating from a three-bedroom apartment in Al-Bishiri Estate, Minna, Niger State.
Victims were allegedly deceived into believing that Q-Net Ltd. was an international company with affiliates in Dubai, India, Indonesia, and Thailand. They were coerced into paying registration fees and purchasing products, with amounts ranging from $790 to $850, totaling approximately ₦1,462,000 (One Million, Four Hundred and Sixty-Two Thousand Naira).
At the time of the arrest, some of the suspects were reportedly attending a training session on Ponzi scheme operations disguised as “network marketing.” Items recovered from the scene included Q-Net application forms and other related documents.
The suspects will be charged to court upon the conclusion of investigations.
