Osun: Tension as investors loot warehouse belonging to food Ponzi scheme

Tension escalated successful Osogbo, Osun State, connected Tuesday arsenic residents looted a warehouse linked to the Global Food Initiative, a inexpensive nutrient strategy whose operators reportedly disappeared aft customers paid millions of naira for nutrient items.

The improvement followed Monday’s uproar astatine the organisation’s installation successful the Odi-Olowo country of the authorities capital, wherever residents who had paid for rice, rootlike lipid and different foodstuffs upfront gathered aft the operators reportedly failed to present the items arsenic promised.

DAILY POST gathered that the strategy had attracted customers by offering nutrient commodities astatine prices beneath prevailing marketplace rates, with buyers required to wage successful beforehand and hold for collection, according to residents who spoke astir the development.

One of the customers, identified arsenic Mistura, said she paid N300,000 for 11 bags of atom astatine N27,000 per bag, adding that the aforesaid quantity would person outgo astir N605,000 astatine the prevailing marketplace price.

Another customer, Olamide, said she paid N1.2m for antithetic nutrient items, which she intended to usage for her stepdaughter’s forthcoming wedding ceremony.

“I got present this greeting and met a assemblage waiting to beryllium attended to, but the operators were obscurity to beryllium found,” Olamide said.

She added that she had antecedently purchased 2 five-...