LunagisthubEFCC Cracks Down on Ponzi Scheme, Arrests 32 Suspects
The Economic and Financial Crimes Commission (EFCC) has apprehended 32 individuals in Uyo, Akwa Ibom State, for allegedly operating a ponzi-style investment and fake employment scheme. The suspects were arrested on October 14, 2025, following a thorough investigation and surveillance operation.
The syndicate allegedly deceived hundreds of victims across Nigeria with promises of employment at a non-existent firm, Tropicana Oil and Gas Company, and high returns on investments disguised as network marketing through Q-Net. The suspects reportedly demanded ₦900,000 as an “employment processing fee” from their victims, with an initial deposit of ₦150,000.
One victim, a tailor from Kogi State, was lured by a relative who claimed there was a job opening at Tropicana Oil and Gas Company. The victim abandoned his business and traveled to Uyo, only to discover that the company did not exist. After paying the initial deposit, he was given a Q-Net form instead of a Tropicana Oil and Gas form and was warned to stop asking questions.
The EFCC has taken swift action against the suspects, and the case is currently under investigation. The commission’s efforts aim to protect Nigerians from falling prey to such scams and to ensure that those responsible are brought to justice.
List of Suspects
The 32 suspects arrested by the EFCC include
– Miracle Samuel
– Christopher Samuel
– Yohana Sabo
– Ahmed Abdulahi Yarima
– Reuben Ezekiel
– Terfa Godwin
– Zakurs Yakubu
– Isah Jaafar Jagaba
– Clement Nwakonobi
– Rosemary Vifilo Yusuf Ataza
– Francis Samuel
– Tatah Fidelis
– Emenike Ikechukwu
– David Allawo
– Danjuma Ibrahim
– Blessing Seagod
– Suleiman Saidu
– Nuhu Bridget
– Ebi Nwose
– Anthony Fredrick
– Mathew Satasi Zamani
– Hassan Yakubu
– Benjamin Obadiah
– Stephen Joseph
– Toma Peter
– Samson Galadimma
– Ochim Agnes
– Mahmud Sufiyan
The EFCC’s action serves as a warning to those involved in such illicit activities, and the commission remains committed to protecting the public from financial scams.
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