A Federal High Court in Abuja has deferred the trial of Ovaioza Yunusa, who is accused of being involved in a N2 billion scam, to next week.
Vanguard reported that the reason for the rescheduling by the presiding judge, Justice Gladys Olotu, was that the defense party did not show up in court on Tuesday,
According to a statement made yesterday by the SEC, Ovaioza and her business, Ovaioza Farm Produce Storage Business, were sued by the federal government for alleged advanced fee fraud.
The Securities and Exchange Commission, among others, claimed that Ovaioza, Imu Yunusa, and Goodness Omeiza were working as fund managers without being registered.
According to the five-count complaint filed by the Federal Republic of Nigeria against the company and its promoters, they committed a felony by conspiring with one another and their employees to commit a crime in 2020 or between 2020 and 2022 within the jurisdiction of the honourable court.
In March 2022, the SEC closed the company’s office at 27 Abeokuta Street in Garki, Abuja, on the grounds that it may have been illegally collecting N2 billion from the investing public while not being registered with the Commission.
They were accused of luring investors and soliciting their participation in an unlicensed collective investment scheme worth more than N2 billion.
Umejiaku Chi kodili Crystal, Omolabake Ale, Dr. Obi Sandra P., Nnaemeka Franklin Ugwoke, Fonon Ismai la Malum, Kelechi Anayo, Nkiru Onyima, and others were among the unwitting general public who fell victim.
