Operatives of the Economic and Financial Crimes Commission (EFCC) have dismantled a Ponzi scheme operation in Abuja, arresting 133 suspects on Monday, March 24, 2025.
Ponzi Scheme Academy Exposed in Abuja
The operation took place at Compensation Layout in Gwagwalada, Federal Capital Territory (FCT), Abuja, following credible intelligence on the activities of the fraudulent academy.
The academy, known as Q University (also called Q-Net), was running a scam disguised as a business opportunity, luring young Nigerians with promises of unrealistic profit returns.
How the Scheme Operated
🔹 The academy recruited individuals under the guise of “Special Training for New Generation Billionaires.”
🔹 Participants were brainwashed and tasked with recruiting more victims to join the fraudulent scheme.
🔹 Entry into the program required filling out an “Independent Representative Application Form”, which was marketed with slogans such as:
- “I’m a Champion”
- “I’m Unstoppable”
- “I’m Infinity”
The scheme operated as a pyramid scam, where profits were dependent on recruiting new members rather than actual business activities.
EFCC Operation & Seizures
The EFCC, in collaboration with the 176 Guards Battalion of the Nigerian Army, raided the premises and arrested 133 suspects.
✅ Items recovered during the raid included:
- Mobile phones
- Computers
- Electronic gadgets used for fraudulent activities
Crackdown on Ponzi Schemes in Nigeria
The EFCC continues to intensify its crackdown on fraudulent investment schemes across Nigeria. Citizens are urged to be wary of get-rich-quick schemes that promise unrealistic returns without clear business models.
