EFCC Case: QNET Distances Self From Two Convicted Firms

QNET has distanced itself from two companies identified among 21 firms convicted by the Federal High Court in Lafia, Nasarawa State, following proceedings instituted by the Economic and Financial Crimes Commission (EFCC).

The companies, Qnet Nigeria Ltd and Qnet Professional Skill Academy Ltd, were described by QNET as unaffiliated entities that had no authorisation to use its name.

In a statement issued on Wednesday, September 30, 2026, the global lifestyle and wellness company said neither firm was owned, controlled or operated by it, adding that they were not its subsidiaries, affiliates, authorised representatives or business partners.

QNET also stated that it did not incorporate the companies or authorise them to use its name.

The company said the unauthorised use of its name in Nigerian corporate registrations was not a new development, disclosing that a search of Corporate Affairs Commission (CAC) records commissioned in 2023 identified 20 separately registered companies and business names incorporating the word QNET or variations of its name.

According to the company, the two firms mentioned in the recent court proceedings were among those identified during the exercise.

It said the entities had their own directors, shareholders or proprietors who were not affiliated with QNET.

Following the discovery, QNET said it engaged its legal representatives in Nigeria to issue notices to the affected entities, informing them that the QNET name and trademark were proprietary to the company and that their use of the name was unauthorised.

QNET further disclosed that its Malaysian entity was the registered proprietor of the QNET trademark in Nigeria, with the Nigerian Trade Marks Registry issuing a certificate of registration under the Trade Marks Act.

Clarifying its business model, the company said it was a global lifestyle and wellness organisation established in 1998, offering products and services through its e-commerce platform.

It stressed that it was not an investment company and did not operate or promote investment schemes.

According to the statement, its business model is built around the sale of products and services, with commissions earned from product sales rather than recruitment.

In Nigeria, QNET said it operates through its official local partner and representative, Transblue Limited, which supports its activities, including customer service, logistics, compliance and independent distributor support.

The company expressed support for the efforts of the EFCC, Securities and Exchange Commission (SEC) and other Nigerian authorities to protect consumers and tackle unlawful investment schemes.

It added that it was engaging with relevant authorities to establish a clear distinction between QNET and unauthorised entities that had adopted or incorporated its name without permission.

QNET urged media organisations reporting the court proceedings to make the distinction clear, noting that references suggesting the company itself was convicted could create an inaccurate impression.

It maintained that it was neither charged nor a party to the proceedings.

The company said it would continue to pursue appropriate legal and enforcement measures against unauthorised use of its name and intellectual property in Nigeria.