By Ifeoluwa Odunayo
The Economic and Financial Crimes Commission has arrested 133 individuals linked to an alleged Ponzi scheme operating under the name Q University, also known as Q Net, in Abuja.
The suspects were apprehended on Monday, March 24, 2025, at Compensation Layout in Gwagwalada, following credible intelligence.
According to investigators, the academy lured young Nigerians with promises of massive profits through a scheme branded “Special Training for New Generation Billionaires.”
Recruits were required to purchase forms titled “Independent Representative Application Form” and were encouraged with slogans like “I am a Champion” and “I am Unstoppable.”
The EFCC carried out the operation in collaboration with the 176 Guards Battalion of the Nigerian Army.
Items such as mobile phones, computers, and other electronic gadgets were seized from the suspects.
The anti graft agency confirmed that investigations are ongoing, and the suspects will be charged to court upon completion.
