Nigeria EFCC busts multi-million Q-net scam, arresting 3 suspects and exposing a fake university offering fraudulent degrees, highlighting swift law enforcement action against financial fraud

The scam, which falsely promised lucrative financial returns to unsuspecting investors, was linked to a fake university operation that offered fraudulent degrees in various fields, including Medicine, Nursing, Cybersecurity, and Geology. The alleged scammers ran the fraudulent university in makeshift pavilions and under trees, charging students exorbitant registration fees between N1.2 million and N1.3 million, amounting to hundreds of millions…