The mother of Ovaioza Yunusa has been detained by the Federal Capital Territory (FCT) Police Command for allegedly scamming Nigerians who invested in her daughter’s famed food storage business.
Ovaioza’s mother was arrested when it was discovered that she was a director in the fraudulent scheme that swindled billions of dollars from investors, The Whistler reports.
“The mother was arrested on Tuesday. We discovered she was a director in the daughter’s business and the command is now handling the case,” according to police sources.
The 29-year-old businesswoman had established up an Agro business named ‘Ovaioza Farm Goods Storage Business (OFPSB),’ to which many Nigerians had entrusted a substantial sum of money for trade and storage of farm produce through her verified Facebook profile.
She had also promised investors a 70% to 80% return on investment while keeping them continuously updated on their investments on her website, where she earned attention and confidence from potential investors by presenting anecdotes about her personal life.
Yunusa allegedly grew and enlarged her investor network in just two years, apparently investing billions of naira in the buying, selling, and storing of commodities such as plantain, garri, egusi, corn, rice, charcoal, and cashew, among others.
As at 2022, many investors had reportedly accused her of mismanaging funds, leading to her inability to pay investors return on their investments. She was also accused of living…
