Nigeria's EFCC Raids Q-Net Academy in Abuja, Arrests 133 in Ponzi Probe
Nigeria's Economic and Financial Crimes Commission said it raided a Ponzi scheme academy called Q University, also known as Q-Net, in the Compensation Layout area of Gwagwalada in the Federal Capital Territory on March 24, 2025, and arrested 133 suspects. The operation was carried out with soldiers of the Nigerian Army's 176 Guards Battalion.
According to the commission, the academy recruited young Nigerians and trained them to recruit others with promises of unrealistic returns. Participants were enrolled in a program called Special Training for New Generation Billionaire after obtaining an Independent Representative Application Form, the EFCC said.
Phones, computers and other electronic devices were recovered. The commission said the suspects will be charged in court once investigations are concluded. The raid came two weeks after the EFCC arrested 28 people in Minna over alleged Q-Net fraud, which QNET said it had no connection to.
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