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HomeNewsMetroPolice Arrest Ovaioza Yunusa For Defrauding Billions of Naira from Investors (Video)

Police Arrest Ovaioza Yunusa For Defrauding Billions of Naira from Investors (Video)

Popular Facebook businesswoman and influencer, Imu Ovaioza Yunusa, the CEO of Ovaioza Group of Companies has been arrested.

Ovaioza allegedly ran her ponzi scheme on Facebook after recruiting influencers.

Ovaioza who is popular on Facebook, is the founder and 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 also co-owns Ovaioza Skills Acquisition Center (OSAC) and Relax and Chill.

Ovaioza is accused of scamming hundreds of people’s money running into billions of Naira. 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.


She was allegedly planning to leave the country with her husband, David, when the officers apprehended her in Abuja. She is alleged to have also bought properties in US.

The case is being handled by the Force Criminal Investigations Department (FCID).

Facebook user, Fab Que who initiated the arrest shared video of the arrest;

Fab Que wrote;

“I have initiated the arrest of Ovaioza and she’s now in Police custody.

This is a Warning to any body who intends to do Fraud please Avoid me. Do not use my Audience for your Dubious act because I will use all the contacts at my Disposal to Deal with you mercilessly. Again AVOID ME.”



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