Operatives of the Economic and Financial Crimes Commission (EFCC) on Monday arrested 133 suspects following a raid on a notorious ponzi scheme academy, known as Q University, or Q-Net, in the Federal Capital Territory (FCT), Abuja.
The operation, carried out at the Compensation Layout in Gwagwalada, was based on intelligence reports regarding the academy’s fraudulent activities targeting young Nigerians.
According to the EFCC, the academy had been posing as a wealth-building program, recruiting individuals into its deceptive practices.