By Adedapo Adesanya

Operatives of the Economic and Financial Crimes Commission (EFCC) on Monday raided a Ponzi scheme academy and arrested 133 suspects in the nation’s capital, Abuja.

According to the EFCC’s spokesperson, Mr Dele Oyewale, who confirmed the operation in a statement on Tuesday, the suspects were apprehended at the Compensation Layout in Gwagwalada, Abuja, after receiving actionable intelligence about the academy’s activities.

“The academy, named Q University (also known as Q-Net), lures young Nigerians by promising them unrealistic profits.

“The recruits were trained to further recruit others, using the slogan Special Training for New Generation Billionaire.

“The suspects joined the scheme by filling out an Independent Representative Application Form, with promotional slogans like: I’m a Champion, I’m Unstoppable, and I’m Infinity,” the EFCC said.

The EFCC, in collaboration with officers from the 176 Guards Battalion of the Nigerian Army, executed the operation, with phones, computers, and other electronic gadgets seized from the suspects, who “will be charged in court once investigations are completed.”

The agency has stepped up efforts to clamp down on illegal activities, particularly those involved in internet fraud schemes.

In January, the anti-graft agency arrested 105 people, including four Chinese nationals, for suspected involvement in a fraudulent scheme targeting hotels in Europe and elsewhere.

Also in December 2024, the EFCC arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lure their victims with romance scams and phoney cryptocurrency investments on WhatsApp and Instagram.

The suspects included 148 Chinese and 40 Filipino nationals housed in a luxury in Lagos targeting victims from the Americas and Europe.

By Aduragbemi Omiyale

There are strong indications that the prices of solar panels in Nigeria may soon jump at the markets as the federal government is considering stopping its importation to boost local production

The Minister of Science and Technology, Mr Uche Nnaji, said the country has the capacity to meet local demand of solar energy and to encourage more domestic investments in the landscape, the importation of solar products, which are duty-free, has to stop.

Speaking in a recent interview in Abuja at the launch of the NEV T6 electric buses, Mr Nnaji said the plans to prohibit solar panel importation aligns with Presidential Executive Order Number 5, which seeks to promote local content in science, engineering, and technology.

He emphasised that with the National Agency for Science and Engineering Infrastructure (NASENI), there is nothing to worry about with local solar panel production.

“With NASENI here, you know that we have panels. It has a factory that has started producing solar panels and other private individuals are also producing solar panels as we speak.

“So, all we need to do is, even through science and technology, through our Presidential Executive Order No. 5, we will stop all these importations of solar panels.

“We will support our local industries to grow and very soon, most houses will go off-grid. Personally, I have been off-grid for over three years and it is working,” the Minister said.

Mr Nnaji noted that Nigeria was already making significant investments in renewable energy infrastructure, noting that with the expansion of local solar panel manufacturing, more Nigerian homes and institutions would transition to off-grid power solutions

“We have lithium in abundance here in Nigeria, so Mr. President is already taking action. We are adding value to our raw materials. The lithium we have here will be processed and used as batteries for these vehicles,” he stated.

“If you look at our budgets, we have what is called mini-grids all over the place. In less than three or four months, you will start seeing our hospitals and institutions being powered by solar.

“Again, we are saving the environment. We are putting in place non-carbon emission infrastructure. So, we are creating power everywhere,” he added.

Business Post gathered that at the moment, the price of 555w solar panels goes for between N140,000 and N160,000, while a 220v inverter battery is about N260,000, with a 60A charge controller at about N180,000.

Consumers are already scared that if the importation of solar panels are stopped, prices will rise like it happened with rice.

By Aduragbemi Omiyale

The 2025 camp meeting of Dominion City Church will commence from Thursday, April 17 to Monday, April 21 at Golden Heart Place, Km 22, Lekki-Epe Expressway, beside Lagos Business School, Ajah, Lagos.

The Senior Pastor of Dominion City and President of the Dominion Leadership Institute, Pastor David Ogbueli, will lead the event alongside other anointed ministers, including Apostle Michael Orokpo, Pastor Randy Mitchell from the USA, Apostle Ben Noobe from South Africa, Reverend Samson Ajetomobi, and Rev Pade Tokun.

The power-packed spiritual gathering is designed to ignite revival, salvation, deliverance, miracles, and breakthroughs in the lives of attendees.

Every year, the event attracts thousands of worshippers at the venue of the programme and virtually and the church said it would not be different this year.

Attendees will experience an atmosphere of deep worship with renowned gospel ministers such as GUC, Anthony Kani, Sunmisola Agbebi, and David Nkennor and the DC Angels, a statement disclosed.

There will also be specialized training sessions for ministers of the gospel, career professionals, social workers, entrepreneurs, children and teen workers, etc. for exponential growth.

As part of Dominion City’s commitment to ensuring accessibility, free transportation will be provided to and from the venue.

“We believe this Camp Meeting will be a divine appointment where lives are transformed, faith is strengthened, and destinies are realigned.

“We invite everyone seeking spiritual renewal and breakthrough to join us for this life-changing encounter,” the cleric stated.

With sessions at 8 am and 5 pm daily, the event will officially commence with an opening session on Thursday, April 17 at 5 pm.

A key highlight of the program will be the Good Friday Healing and Miracle Night on Friday, April 18, at 5 pm, an extraordinary session dedicated to divine healing and supernatural encounters.