Ponzi: Police arrest agric entrepreneur Ovaioza accused of defrauding investors

The police have arrested the chief executive of Ovaioza Group of Companies Ovaioza Yunusa for alleged ponzi scheme.

Ovaioza, who got married early this year, is accused of scamming investors of billions of naira.

Popular on Facebook, the suspect is the co-owner of Ovaioza Farm Produce Storage Business (OFPSB) which claims it is into 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.

According to reports, the suspect was arrested in Abuja while attempting to leave the country with her husband, David.

She is said to have promised investors between 70-80% return on investment.