Twenty-eight QNet scammers have been arrested in Nigeria.
Citing QNet as a Ponzi scheme, Nigeria’s Financial and Monetary Crimes Fee (EFCC), arrested the suspects on or round March tenth.
EFCC states it launched an investigation following
credible intelligence that linked [the suspects] to fraudulent funding actions with an organization, Q-Web Ltd, which operates from a 3 bed room residence in Al-Bishiri Property, Minna, Niger State.
EFCC names the arrested suspects 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 … Adedeji Ayobami, Alani Samuel, Ogundele Yunus, Adekunle Ibrahim, Adewale Azeez, Rufai Faruk, Fawaz Yekeen, Olade Abdullahi, Ahmed Murtala, Adisa Habeebllahi Akorede, Adigun Timilehin and Abdulfatai Ridwannullah.
The EFCC states the suspects will “be charged to court docket as quickly as investigations are concluded.”
QNet is a long-running MLM pyramid scheme operated out of Malaysia by proprietor Vijay Eswaran (proper).
The essential premise is QNet associates are recruited after which compelled to buy merchandise to qualify for commissions. Commissions can solely be earned by recruiting new victims into the scheme.
Sometimes even with recruitment, what’s spent to qualify every month exceeds earned commissions – inevitably leading to a loss.
Particular to Nigeria, the EFCC states;
Victims had been lured to consider that the corporate was worldwide with associates in Dubai, India, Indonesia and Thailand and made to half with between $790 to $850, amounting to N1,462,000 (One Million, 4 Hundred and Sixty-two Thousand) as registration charge and for product purchases.
A part of these arrested whereas receiving lectures on Ponzi scheme operations, dressed up as “community advertising and marketing.”
As of February 2025, SimilarWeb tracked high sources of site visitors to QNet’s web site as Russia (28%), the UAE (10%), India (9%), Australia (6%) and the US (5%).
Regardless of arrests and warnings from a number of international locations, together with India, Cote d’Ivoire, Liberia, Afghanistan, Ghana, Bhutan, Russia, Togo and Sri Lanka, Malaysian authorities proceed to show a blind eye to QNet’s fraud.
