Ponzi Scheme: Police arrested Ovaioza after scamming investors billions of naira with storage scheme

Ponzi Scheme: Police arrested Ovaioza after scamming investors billions of naira with storage scheme

The founder and CEO Ovaioza Skills Acquisition Center (OSAC) has been arrested after the scheme crashed with billions of naira investors funds.

The Ovaioza establishment was said to be designed to aid the growth of the Nigerian youth but reverse is the case.

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Matters Arising gathered that, Ovaioza use investors money to invested on, a Plaza, 3 Trailers, and goods she supplied to Distributors, but the reality is that the worth of all these things may not be up to 25% of the money she collected from investors. This make difficult to say from where she can get the money to settle her investors.

Ponzi Scheme: Police arrested Ovaioza after scamming investors billions of naira with storage scheme

Report had it that, Abuja plaza suspected Ponzi activities when Ovaioza claimed to have bought the property for N600million, the Abuja plaza has been put on sale for N500million on Jiji by real owners after her rent reportedly expired.

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Ovaioza the owner of Ovaioza Farm Produce Storage Business has been accused of scamming investors of billions of naira. Investors said that they have been asking her to pay them but she picks up fights at the slightest provocation.

From begging N5,000 on social media in 2020 to controlling billions some two years after, she has gone on to command a lot of money.

Ponzi Scheme: Police arrested Ovaioza after scamming investors billions of naira with storage scheme

The CEO Ovaioza Farm Produce Storage Business (OFPSB), is being called out on social media by myriads of people who say they invested millions into her buying and selling business but have been scammed by the businesswoman.

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Social media is awash with the news of Ovaioza, the Chief Executive Officer of OFPSB of her scamming investors and sending fake alerts to them.

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