EFCC busts Ponzi scheme academy in Abuja, details emerge

• The Economic and Financial Crimes Commission (EFCC) operatives person arrested 133 suspects successful Abuja
• The suspects were arrested successful transportation to a Ponzi Scheme Academy wherever gullible young Nigerians who were trained successful the strategy
• The anti-graft bureau said the Ponzi Scheme Academy is named Q University (a.k.a Q-Net) for brainwashing young Nigerians that they would postgraduate into the league of billionaires

Legit.ng writer Adekunle Dada has implicit 7 years of acquisition covering metro, authorities policy, and planetary events

FCT, Abuja - Operatives of the Economic and Financial Crimes Commission (EFCC) arrested 133 suspects successful transportation to a Ponzi Scheme Academy successful the Federal Capital Territory, (FCT), Abuja

The suspects were arrested astatine the Compensation Layout successful the Gwagwalada country of the nation’s capital, Abuja, connected Monday, March 24, 2025.

The Ponzi Scheme Academy is named Q University (a.k.a Q-Net) Photo credit: @officialEFCC
Source: Twitter

The anti-graft bureau said the apprehension was made pursuing actionable quality connected the beingness of the Academy.

This was contained successful a connection issued via the EFCC X grip @officialEFCC.

The EFCC said the Academy, named Q University (a.k.a Q-Net) recruits gullible young Nigerians for grooming successful the strategy with the committedness of getting unrealistic nett returns.

“The Academy, named Q University (a.k.a Q-Net) is successful the concern of recruiting gullible young Nigerians who are trained to enlistee much gullible citizens into the strategy with the committedness of getting unrealistic nett returns.“The suspects are enrolled into a grooming codenamed: “Special Training for New Generation Billionaire” and brainwashed to judge that they would postgraduate into the league of billionaires. They got into the grooming by obtaining a signifier the promoters called the “Independent Representative Application Form” with promotional slogans specified as: “I’m a Champion” “I’m Unstoppable” “I’m Infinity”, among others.”

The EFCC said the cognition was carried retired successful collaboration with officers and men of the 176 Guards Battalion, Nigerian Army.

The officers of the anti-graft bureau recovered items from the suspects including phones, computers, and different physics gadgets.

The suspects volition beryllium charged to tribunal arsenic soon arsenic investigations are concluded.

Nigerians respond arsenic EFCC busts ponzi strategy academy

@EbukaInnocent5

I laugh... instantly aft secondary school, one near location to articulation an organisation of this quality called Superseed. Our meal is aboriginal greeting motivation. You spell trek from greeting and crook to a beggar astatine nighttime lone to spot wealth bargain food. Hunger wan Kpai maine for that place.

@JulianL97133315

Good day, I’m a unfortunate of these people. I was deceived into paying immoderate benignant of wealth successful the sanction of QNET past twelvemonth August. I sent an email to the EFCC authoritative email code but nary response. I’m consenting to enactment with you guys to assistance bring down these guys successful calabar. Thanks 🙏

@esla_victor

This was precisely aforesaid Q-net that duped maine 2m nether the pretext of schooling successful Malaysia successful 2022. E nary spell amended for Patman and his member and each the leaders of Qnet successful Nigeria.

@Charity_Ogbudu

I tin relate. I was lured into this aforesaid Qnet sometimes successful 2022 each the mode to Magboro successful Ogun State, but I ran with my 2 legs backmost to my parents wrong fewer days. Omo, the strategy is simply a full . I would person been rotten by present if I didn't tally 😂😆😂😆

@Sheikh0174

As u dy analyse this one, adhd neolife excessively that nonsense ponzi strategy has destruct alot of Nigerian youth

@_StudioCelia

Do thing astir Neo Life arsenic well.

I'm bushed of educating those boys to spell larn a commercialized oregon get an existent job.

EFCC arrests 25 net fraudsters successful yahoo academy

Meanwhile, Legit.ng reported that EFCC operatives arrested 25 suspected net fraudsters astatine a "yahoo academy" successful Benin City, Edo State, based connected credible intelligence.

Seized items see six exotic cars, laptops, and phones, allegedly utilized for fraudulent activities.

The EFCC plans to complaint the suspects to tribunal aft concluding investigations, reinforcing its stance against cybercrime.

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Source: Legit.ng