Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested three suspects believed to be masterminds of a notorious Q-Net-related scam that has defrauded unsuspecting Nigerians of hundreds of millions of naira.
The suspects — Olaniyan Joshua, Oyetunde Julius Akano, and Victor Oluwale — were apprehended on Wednesday, May 1, 2025, in Abuja. They are currently undergoing interrogation at the Commission’s facility. The trio allegedly operated under the guise of Mighty Infinity Millionaire Limited, falsely presenting themselves as affiliates of Q-Net, a reputable global e-commerce and direct selling company.
However, Q-Net has publicly denied any association with the suspects or their operations.
Further investigations by the EFCC uncovered that the suspects were running an illegal educational scheme under the fraudulent brand Q-Net University. The so-called university was operating in makeshift classrooms — under trees and in pavilions — and was fraudulently awarding fake Bachelor of Science degrees in courses such as Medicine, Nursing, Cybersecurity, Computer Studies, and Geology. The suspects falsely claimed an affiliation with Quest International University, Malaysia, to give their operations a semblance of legitimacy.
Victims of the scheme, mostly young students, were reportedly charged registration fees ranging between ₦1.2 million and ₦1.3 million. The illicit business generated hundreds of millions of naira in proceeds of crime.
It would be recalled that the Commission had earlier raided the illegal university’s base located at Compensation Layout, Gwagwalada, in the Federal Capital Territory (FCT), on March 24, 2025. During that operation, 133 individuals were arrested in connection with the scam.
In a separate but related development, the EFCC also apprehended 40 suspected internet fraudsters on Wednesday, April 29, 2025, in Tamah, a community in the Tamah Local Government Area of Nasarawa State.
The arrests followed credible intelligence that linked the individuals to various forms of online fraud. During the sting operation, operatives recovered five laptops and 34 mobile phones believed to be tools of their illicit trade.
The Commission stated that all suspects would be charged to court upon the conclusion of investigations.
Fresh Facts Magazine will continue to follow these developments and provide updates as more details emerge.