

The Economic and Financial Crimes Commission (EFCC) conducted a major operation on Monday, arresting 133 suspects involved in a sophisticated financial fraud scheme operating under the name Q University.
Operatives raided the Q-Net organization located in the Compensation Layout, Gwagwalada, Federal Capital Territory, following extensive intelligence gathering. The joint operation, conducted in collaboration with the 176 Guards Battalion of the Nigerian Army, targeted what authorities describe as an elaborate Ponzi scheme targeting young Nigerians.
According to EFCC spokesperson Dele Oyewale, the organization recruited participants through a deceptive training program titled “Special Training for New Generation Billionaire.” Suspects were required to purchase an “Independent Representative Application Form” and were systematically encouraged to recruit additional members using motivational slogans such as “I’m a Champion” and “I’m Unstoppable.”
During the raid, EFCC agents seized multiple electronic devices, including mobile phones and computers, which will be crucial for further investigation. The commission emphasized that the collected evidence would be instrumental in building a legal case against the perpetrators.
The EFCC has stated that the suspects will be formally charged once investigations are completed. The operation serves as a stark warning to similar fraudulent enterprises operating within the country.
The investigation is ongoing, and the EFCC continues to urge citizens to be vigilant against potential financial fraud schemes.