Billionaire Dreams Shattered: EFCC Cracks Down on Abuja Ponzi Scheme ‘Q University’, 133 Arrested
In a dramatic move, the Economic and Financial Crimes Commission (EFCC), in collaboration with the Nigerian Army, dismantled a P0nzi scheme academy operating under the guise of “Q University” (also known as Q-Net) in Abuja’s Gwagwalada area. A staggering 133 individuals were apprehended during the operation, revealing a sophisticated network designed to prey on the aspirations of young Nigerians.
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The “university” promised unrealistic returns and indoctrinated recruits with slogans like “I’m a Champion” and “I’m Unstoppable,” luring them into a supposed “Special Training for New Generation Billionaire.” Aspiring “billionaires” were required to purchase an “Independent Representative Application Form,” effectively paying for the privilege of being brainw@shed. The scheme’s modus operandi involved training these recruits to further ensnare others, perpetuating the fræudûlent cycle.
The EFCC’s intervention followed actionable intelligence, exposing the academy’s deceptive practices. During the raid, authorities seized phones, computers, and other electronic devices, crucial evidence for the ongoing investigation. The suspects are expected to face charges in court upon the conclusion of the EFCC’s probe. This bust serves as a reminder of the dangers of P0nzi schemes and the importance of guarding against get-rich-quick promises.
