Operatives from the Economic and Financial Crimes Commission (EFCC) Kaduna Zonal Directorate have apprehended 28 individuals suspected of operating Ponzi schemes in Minna, Niger State.
The suspects arrested 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 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.
Their arrest followed credible intelligence that linked them to fraudulent investment activities involving a company, Q-Net Ltd, which operates from a three-bedroom apartment in Al-Bishiri Estate, Minna.
The suspects allegedly lured victims into believing that the company had international affiliates in Dubai, India, Indonesia, and Thailand. Victims were convinced to pay between $790 and $850, amounting to N1,462,000 (One Million, Four Hundred and Sixty-two Thousand) as a registration fee and for product purchases. Some of those arrested were found to be receiving training on Ponzi scheme operations, disguised as “network marketing.”
Items recovered from the suspects included Q-Net application forms and other related documents. The suspects will be charged in court once investigations are concluded.
