By Patrick Idowu
Operatives of the Economic and Financial Crimes Commission (EFCC), have arrested 28 suspects in Minna, Niger State, over an alleged Ponzi scheme disguised as network marketing.
The suspects, linked to Q-Net Ltd, were apprehended at a three-bedroom apartment in Al-Bishiri Estate following credible intelligence on fraudulent investment activities.
Victims were reportedly deceived into believing the company had international affiliations in Dubai, India, Indonesia, and Thailand, and were coerced into paying between $790 and $850 (about ₦1.46 million) for registration and product purchases.
Some suspects were caught mid-lecture on Ponzi operations, dressed as “network marketers.”
EFCC recovered Q-Net application forms and other incriminating documents. They will be charged in court upon completion of investigations.
