Twenty-eight QNet fraudsters have been detained in Nigeria.
On or around March 10th, Nigeria’s Economic and Financial Crimes Commission (EFCC) detained the accused, accusing them of running a Ponzi scheme using QNet.
The EFCC initiated an investigation after receiving solid information linking the suspects to fraudulent investment operations with Q-Net Ltd. The firm operates from a three-bedroom flat in Al-Bishiri Estate, Minna, Niger State.
The suspects arrested by the EFCC include 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 Habeebillahi Akorede, Adigun Timilehin, and Abdulfatai Ridwanullah.
According to the EFCC, the accused would “be charged to court as soon as investigations are concluded.”
Vijay Eswaran (right) runs QNet, a long-running MLM pyramid fraud from Malaysia.
The primary notion is that QNet affiliates are recruited and then compelled to buy things in order to get commissions. Commissions may only be earned by enrolling new victims in the program.
Even with recruiting, the amount spent to qualify each month sometimes surpasses the amount collected in commissions, resulting in a loss.
According to the EFCC, victims in Nigeria were duped into paying a registration fee and product purchases totaling N1,462,000 (one million, four hundred and sixty-two thousand) for a company that claimed to have affiliates in Dubai, India, Indonesia, and Thailand.
One of those detained while attending lectures on Ponzi scam activities, disguised as “network marketing.”
According to SimilarWeb, the leading traffic sources to QNet’s website in February 2025 were Russia (28%), the UAE (10%), India (9%), Australia (6%), and the United States (5%).
Despite arrests and warnings from various nations, including India, Cote d’Ivoire, Liberia, Afghanistan, Ghana, Bhutan, Russia, Togo, and Sri Lanka, Malaysian authorities continue to ignore QNet’s fraudulent activities.
