The CEO of Ovaioza Group of Companies, Imu Ovaioza Yunusa, and her husband have been arrested by the Police for alleged ponzi scheme.
Ovaioza who is popular on Facebook, is the (co)owner of Ovaioza Farm Produce Storage Business (OFPSB).
The company engages in processing, storage, distribution and retailing of farm produce such as garri and plantain.
Ovaioza, who got married earlier in the year, is accused of scamming hundreds of people of their money running into billions of Naira.
She was allegedly planning to leave the country with her husband, David, when she was apprehended in Abuja.
The case is being handled by the Force Criminal Investigations Department (FCID).
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.
Ovaioza also co(owns) Ovaioza Skills Acquisition Center (OSAC) and Relax and Chill.
Born December 30, 1993, she hails from Okene Local Government Area of Kogi State and attended College of Arabic and Islamic Studies in Okene.
Ovaioza also reportedly attended School of Nursing And Midwifery in Nasarawa State and Bayero University in Kano State.
According to a post by Nkechi Bianze on Facebook, Ovaioza committed a lot of atrocities. She wrote:
“Ovaioza is alleged to have bought a house in the US for $400K.
-She’s alleged to have been applying for Investment Visa to get her Green Card in the US. This costs about $1Million.
-Ovaioza bought her Plaza in Abuja for N600Million.
-Ovaioza spent millions buying trucks, infrastructure and some other things.
She spent millions buying cars for her friends and doing reckless giveaway.
If indeed she collected N3Billion of investors’ money, that’s almost about half the money gone already.
Girl was brutal and she’s got no heart.
She was using your money to plan a life of luxury for herself and her generations to come.
ASSUMING she succeeded in moving to the US, the extradition law in the US is functional. She would have been extradited back to Nigeria to face charges. She didn’t think of that and her lawyer didn’t advise her well too.
This is NOT “Business-Gone-Wrong”.
This is a case of a girl from a poverty-stricken background who used a Criminal Enterprise to plan a well structured heist. But ran out of luck”.
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