- EFCC arrests 28 suspects linked to alleged Ponzi scheme in Niger State.
- Victims were deceived into paying up to ₦1.46 million under the guise of network marketing.
- Suspects to face prosecution after EFCC concludes investigations.
No fewer than 28 suspected Ponzi scheme operators have been arrested by operatives of the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) in Minna, Niger State.
EKO HOT BLOG reports that in a statement posted on X.com on Tuesday, confirmed that the suspects were apprehended following credible intelligence linking them to fraudulent investment activities involving a company, Q-Net Ltd, which was operating from a three-bedroom apartment in Al-Bishiri Estate, Minna.
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According to the statement, victims were 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 (approximately ₦1,462,000).
The EFCC further disclosed that some of those arrested were receiving lectures on Ponzi scheme operations, which were falsely presented as “network marketing.” Recovered items reportedly included Q-Net application forms and other documents.
The agency also released the names of the suspects, including 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.
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Others named in the statement are 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.
The EFCC stated that the suspects will be charged to court once investigations are concluded.
