By Uzair Adam
The Economic and Financial Crimes Commission (EFCC) has arrested no fewer than 133 individuals in connection with an alleged Ponzi scheme operating under the name Q University, also known as Q-Net, in Gwagwalada, Abuja.
According to the anti-graft agency, the institution was running a scheme that recruited young Nigerians, promising them unrealistic financial gains.
The suspects were reportedly enrolled in a program dubbed “Special Training for New Generation Billionaires,” where they were allegedly brainwashed into believing they would become wealthy by recruiting others into the system.
EFCC spokesperson Dele Oyewale stated that the suspects were required to obtain an “Independent Representative Application Form” with motivational slogans such as “I’m a Champion,” “I’m Unstoppable,” and “I’m Infinity.”
The operation was conducted in collaboration with the 176 Guards Battalion of the Nigerian Army. Items recovered from the suspects include mobile phones, computers, and other electronic devices.
The EFCC confirmed that investigations are ongoing and that the suspects will be charged in court upon completion of inquiries.