Operatives from 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 arrested suspects include: 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, Mubarak Yeke, 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 arrests followed credible intelligence linking them to fraudulent investment activities involving Q-Net Ltd, a company operating out of a three-bedroom apartment in Al-Bishiri Estate, Minna, Niger State. Victims were deceived into believing that the company had international affiliations in Dubai, India, Indonesia, and Thailand, and were convinced to pay between $790 and $850 (approximately N1,462,000) for registration and product purchases.
Some of those arrested were participating in seminars about Ponzi scheme operations, disguised as “network marketing.” Items seized from them include Q-Net application forms and other related documents. The suspects will be charged in court once investigations are complete.