QNET has denied reports suggesting that it was among 21 companies convicted by the Federal High Court in Lafia, Nasarawa State.
It said the entities identified as ‘Qnet Nigeria Ltd’ and ‘Qnet Professional Skill Academy Ltd’ are not affiliated with the company.
The company stated in a statement that QNET did not own, control, operate, or authorise either company.
It said that it was neither charged nor a party to the proceedings initiated by the Economic and Financial Crimes Commission (EFCC).
QNET said the two companies had used its name without authorisation and were among 20 separately registered Nigerian companies and business names identified in a search of Corporate Affairs Commission (CAC) records it commissioned in 2023.
According to the company, the entities had their own directors, shareholders, or proprietors with no affiliation to QNET.
It said following the discovery, its legal representatives in Nigeria issued 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 said its Malaysian entity is the registered proprietor of the QNET trademark in Nigeria and that the Nigerian Trade Marks Registry had issued it a certificate of registration for the trademark under the Trade Marks Act.
The company urged media organisations reporting the EFCC case to distinguish QNET from companies that allegedly adopted its name without permission.
‘References suggesting that ‘QNET’ itself was convicted risk creating an inaccurate impression regarding a company that was neither charged nor a party to these proceedings,’ the company said.
QNET also said it operates in Nigeria through its official local partner and representative, Transblue Limited, which supports its activities, including customer service, logistics, compliance and support for independent distributors.
The company described itself as a global lifestyle and wellness company established in 1998 that operates through a direct-selling model.
It said it is not an investment company and does not operate or promote investment schemes, adding that its business involves selling products and services, with commissions earned from product sales rather than recruitment.
QNET said it supports the efforts of the EFCC, the 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 clearly distinguish the company from unauthorised entities using its name.
QNET said it would continue taking legal and enforcement measures against unauthorised use of its name and intellectual property in Nigeria.