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LAGOS (Sundiata Post) – QNET, a global e-commerce-based direct selling company, has disassociated itself from a fraudulent operation uncovered by the Economic and Financial Crimes Commission (EFCC) in Abuja.
Biram Fall, QNET’s Regional Manager, Sub-Saharan Africa, said this in a statement on Thursday in Lagos.
According to him, the operation, referred to as a “Ponzi scheme academy”, misused the QNET name and led to the arrest of 133 individuals.
Fall explained that these individuals were reportedly running a fake entity under names like ‘Q University’ or ‘Q-Net’, without any affiliation to QNET.
He said that QNET had long been a victim of fraudulent schemes in Nigeria, which had significantly harmed its reputation and misled many unsuspecting individuals.
Fall said that QNET applauds the EFCC and Nigerian Army for taking swift action in exposing and arresting individuals involved in the scam.
Fall reiterated that QNET is a legitimate e-commerce-based direct selling company that empowers independent distributors to promote high-quality wellness and lifestyle products in over 25 countries.
He emphasised that the company does not operate any financial recruitment schemes or investment academies.
“In Nigeria, QNET operates strictly within legal and regulatory frameworks through its local partner, Transblue Nigeria Ltd.”
Fall commended the EFCC for taking swift action and urged the public to verify any claims of affiliation with QNET before getting involved.
He noted that QNET had formally reached out to the EFCC to offer its full cooperation and explore opportunities for collaboration.
“QNET is committed to supporting the ongoing investigation and ensuring that those misusing the QNET brand are held accountable, ” Fall said. (NAN)
