• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

Oko Oloyun Investment Scheme “Option C” Similar to MMM May Fail

Freelanews by Freelanews
January 25, 2020
in Business
0 0
0
Fatai Yusuf Oko Oloyun

…Investors Lay Siege on Oko Oloyun’s Office, Demand for Their Money

There was drama on Friday as investors storm the office of late Alhaji Fatai Yusuf, popularly known as Oko Oloyun, to demand for the money they invested in his Ponzi scheme.

Oko Oloyun, a popular Lagos-based trado-medical expert, was murdered on Thursday around 4:30pm on the road while travelling to Iseyin, Oyo State. He was reportedly attacked by some hoodlums at Igboora. His corpse was deposited at the mortuary of Igbo-Ora General Hospital.

Following his demise, investors, who invested money in his Ponzi scheme, known as “Option C” stormed the Head office of his company to know their fate.

The investors were the more confused as his two offices at Egba Idowu along Igando road in Lagos were shutdown with no one to provide information to the investors.

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

The investors, however, vowed to take drastic measures if a statement was not issued by the organization as soon as possible.

Just like the day MMM folded up, the investors of “Option C” programme narrated how much they had invested and insisted they could not afford to lose their hard-earned money.

An investor, who chose to be called Emmanuel explained that Option C is a money-making programme that promised a 10% return in two months.

Emmanuel, who was trembling while speaking, added that he invested in the scheme in July 2019 and had only received returns once, contrary to the agreement of two months which was stated.

Mrs Bunmi (first name withheld), a retired teacher, who was clearly in shock, stated that she had invested millions having joined the programme in December 2018. She said she had only received N500,000 from her investment and that she was not sure of her fate with the death of Oko Oloyun.

While expressing fear with her documents at hand, she added that she filed to pull out after inconsistency in payment but rescinded her decision when she was told that she could not get her investment back in full.

Mr Azeez, another investor, said he invested N1 million in September 2019 and had decided to pull out after he was not paid in November. He, however, vowed to pursue his profit with all his ability.

Mrs Bisola (second name withheld) said she invested the money sent to her by her military husband who is fighting insurgents in North East. She said she could not afford to lose the money. She urged the management to speak up and address the investment programme issue quickly.

Mrs. Sulaimon, an investor, said she aborted her trip to travel down from Badagry to Igando when she had about the assassination of Oko Oloyun.

She noted with tears that she had invested a lot and could not afford to lose her investment. She was however optimistic that the returns would be paid after meeting her co-investors who cheered her up.

However, in the midst of the lamentation, some investors who had visited the house of the late Oko Oloyun in Lagos alleged that they were denied access by the security men, which says “Alhaja said we should not allow anybody come in, they are all in Ibadan.”

After the outcry, the investors agreed among themselves to visit the house of the deceased in Lagos during the Fidau prayers on the eighth day to demand their returns.

However, a security man at Oko Oloyun’s Egan Idowu office alleged that one of the rooms in the head office was intentionally burnt by unknown men prior to Oko Oloyun’s death.

He said the workers who were on duty had been arrested.

freelanews
Freelanews

Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.

Related Posts

NIESV Lagos
Business

NIESV Lagos chairman leads delegation to Adron Homes, seeks strategic collaboration

by Rtn. Victor Ojelabi
August 5, 2025
Afreximbank Internship Program
Sustainability

Afreximbank launches paid internship program to cultivate future African leaders

by Quadri Olaitan
April 24, 2025
MR SEGUN AGBAJE GTB CEO
Business

‘At loggerheads’ Shareholders, experts clash over N327.6bn levy by AMCON from GTBank, eight others in 2 years

by Freelanews
April 11, 2022
Screenshot 2022 03 24 at 18 43 26 WEMA BANK BOSS ADMONISHES ACCOUNTANTS ON DATA PROTECTION
Business

‘Loan growth’ Wema Bank grows earnings by 51% to N95.354 billion

by Rtn. Victor Ojelabi
October 31, 2022
brak 2
Business

‘Improving living conditions’ Bigi Drinks flags off another consumer-centric activity with BRAK 2022

by Rtn. Victor Ojelabi
December 5, 2022

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

ISWAP

ISWAP finance chief’s wife, son surrender to troops

August 1, 2026
Rotary Emblem 1 scaled

Rotary Uganda Zone Institute rescheduled for November 26-28, 2026

August 1, 2026
Russian

Russian strikes kill 9 in Kyiv, wound 28

August 1, 2026
Obasanjo

Obasanjo lashes out at Atiku, calls him his biggest mistake

August 1, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
ISWAP

ISWAP finance chief’s wife, son surrender to troops

August 1, 2026
Rotary Emblem 1 scaled

Rotary Uganda Zone Institute rescheduled for November 26-28, 2026

August 1, 2026
Russian

Russian strikes kill 9 in Kyiv, wound 28

August 1, 2026
Obasanjo

Obasanjo lashes out at Atiku, calls him his biggest mistake

August 1, 2026
ADVERTISEMENT
August 2026
SMTWTFS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Jul    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • D9112Monthly II scaled

    Flip through D9112Monthly, August edition, Vol 3 Issue 2

    0 shares
    Share 0 Tweet 0
  • DG Layi Abidoye hits ground running as District 9112 records early growth

    0 shares
    Share 0 Tweet 0
  • Ikorodu widow case takes new turn as Livinus Nwosu challenges viral property seizure claims(VIDEO)

    0 shares
    Share 0 Tweet 0
  • Zenith Bank under fire after Tiktoker alleges dismissal over office vlog content

    0 shares
    Share 0 Tweet 0

Just Published!

ISWAP

ISWAP finance chief’s wife, son surrender to troops

August 1, 2026
Rotary Emblem 1 scaled

Rotary Uganda Zone Institute rescheduled for November 26-28, 2026

August 1, 2026
Russian

Russian strikes kill 9 in Kyiv, wound 28

August 1, 2026
Obasanjo

Obasanjo lashes out at Atiku, calls him his biggest mistake

August 1, 2026
Naira

Naira ends July weaker at N1,368.22/$

August 1, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.