The Economic and Financial Crimes Commission (EFCC) has arrested 28 suspected Ponzi scheme operators in Minna, Niger State.
The operation was carried out by the Kaduna Zonal Directorate of the EFCC following intelligence reports linking the suspects to fraudulent investment activities.
According to a statement released by the anti-graft agency, the suspects were 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.
Others are: Adeniji Damilare, Nurudeen Akinola, Mubarak Yekeen, 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.
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The EFCC revealed that the suspects were operating under Q-Net Ltd, a company that ran its activities from a three-bedroom apartment in Al-Bishiri Estate, Minna.
The company allegedly deceived unsuspecting victims into believing it was an international investment platform with affiliates in Dubai, India, Indonesia, and Thailand. Victims were made to pay between $790 to $850 (approximately ₦1.46 million) as registration fees and for product purchases.
During the raid, Q-Net application forms and other incriminating documents were recovered. Some of the suspects were reportedly receiving training on Ponzi scheme operations under the guise of “network marketing” at the time of their arrest.
