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Billion Naira Ponzi Scheme: Police arrest Business Woman, Ovaioza [PHOTOS]

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The Nigerian police Force has arrested a Popular business woman, Imu Ovaioza Yunusa for running an alleged Ponzi Scheme.

Yunusa is the Chief Executive Officer of Ovaioza group of companies. She is popular on social media for being behind the Ovaioza Farm Produce Storage Business (OFPSB).

The company engages in processing, storage, distribution and retailing of farm produce such as garri and plantain. Ovaioza got into hot water after she failed to pay returns to investors in her farm produce business.

It was gathered that she was kept lying to investors who demanded returns which had stopped since last year. 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). 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.

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