The Police have arrested Imu Ovaioza Yunusa, the CEO of Ovaioza Group of Companies, for an alleged Ponzi scheme.
Ovaioza who is popular on Facebook is the founder and co-owner of Ovaioza Farm Produce Storage Business (OFPSB). The company engages in the processing, storage, distribution, and retailing of farm produce such as garri and plantain. Ovaioza also co-owns Ovaioza Skills Acquisition Center (OSAC) and Relax and Chill.
Ovaioza is accused of scamming hundreds of people’s money running into billions of Naira. Ovaioza offered investors a huge return on investment. She once claimed to have bought a plaza in the nation’s capital for more than N500million. The same property was put on sale for N500million on a trading website after it expired.
She was allegedly planning to leave the country with her husband, David when the officers apprehended her in Abuja.
The case is being handled by the Force Criminal Investigations Department (FCID).
Facebook user, Fab Que who initiated the arrest shared a video of the arrest;
Fab Que wrote;
“I have initiated the arrest of Ovaioza and she’s now in Police custody.
This is a Warning to any body who intends to do Fraud please Avoid me. Do not use my Audience for your Dubious act because I will use all the contacts at my Disposal to Deal with you mercilessly. Again AVOID ME.”
Ovaioza was born on December 30, 1993. She hails from Okene Local Government Area of Kogi State and attended the College of Arabic and Islamic Studies in Okene.
According to reports, she attended the School of Nursing And Midwifery in Nasarawa State and Bayero University in Kano State.
Olalekan Ajimoti – Blogger, Content Writer, and Digital Marketer helping brands and retailers build 8-figure e-commerce since 2016.
As a corporate trainer, brand communications expert, and brand consultant, I help people start, stay and grow in business leveraging digital skills and traditional expertise.
