The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Directorate, have disclosed the arrest of 28 alleged ponzi scheme operators in Minna, Niger State.
According to the EFCC statement on Monday, the suspects who were nabbed by its operatives, will be arraigned for fraud.
The suspects were identified as: Nofisat Opeyemi, Shukurat Muritala, Odunayo Sanni, Mayowa Oyekola, Aishat Olaitan, Edward Hannah, Abioye Fathiah, Joseph Omowunmi, Kareem Ahmed, Arikeusola Afeez, Adiamo Mutholib, Abass Ibrahim, Wasiu Taofeek, Adeniji Damilare, Nurudeen Akinola and Mubarak Yekeen.
According to the EFCC, the suspects’ arrest followed credible intelligence that linked them to fraudulent investment activities with a company, Q-Net Ltd.
The company was said to be operating from a three bedroom apartment in Al-Bishiri Estate, Minna, Niger State.
The suspects were accused of luring people to invest about N1,400,000 for product purchases from Dubai and a few foreign countries.
“The Victims were lured to believe that the company was international with affiliates in Dubai, India, Indonesia, and Thailand, and made to part with between $790 to $850, amounting to N1,462,000 (One Million, Four Hundred and Sixty-two Thousand) as registration fee and for product purchases. Part of those arrested while receiving lectures on ponzi scheme operations, dressed up as network marketing,” the EFCC added.
Items said to be recovered from the defendants’ include Q-Net application forms and other documents.
The EFCC stressed that the defendants would be charged to court as soon as investigations are concluded.
