News

Ponzi Investors Storm Oko Oloyun’s Office, Demand For Invested Funds

Published

6 years ago

January 25, 2020

Editor

Tens of Lagosians stormed the LASU Road office of late Alhaji Fatai Yusuf, popularly known as Oko Oloyun, to demand 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.

Following his demise, people who invested money in his Ponzi scheme, known as “Option C” stormed the Head office of his company to demand how to retrieve their money.

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

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 in “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.

Clutching her investment documents, she said that she filed to pull out after inconsistency in payment but rescinded her decision when she was told that she could not get her investment back in full.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 heard 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, with the statement that “Alhaja said we should not allow anybody to 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.

News

State Police Has Come To Stay – IGP Tunji Disu Declares

Published

1 hour ago

March 4, 2026

Editor

Newly sworn-in Inspector-General of Police (IGP) Tunji Disu has declared that the establishment of state police in Nigeria has come to stay.

Speaking to reporters on the committee for state police implementation after his official swearing-in by President Bola Tinubu at the Presidential Villa in Abuja, Disu emphasized that the Nigeria Police Force (NPF) is not opposed to the initiative but views it as a critical partnership to strengthen national security.

JomogNews had reported that President Bola Tinubu recently asked Nigerian senators to expedite action to enact a law for the establishment of state police.

Speaking on Wednesday, the new IGP said, “From the angle of the Nigerian Police, we don’t want it to seem as if others are taking decisions, and we, the most important people concerned, didn’t do anything.

“We want to ensure that the best thing is done. The police should be able to contribute and do their own part in making it succeed.

“The police are not afraid. Our jobs are not being taken; it’s just an issue of partnership.”

News

140 Missing After U.S. Submarine Sinks Iranian Frigate Off Sri Lanka

Published

3 hours ago

March 4, 2026

Editor

About 140 people are missing after an Iranian Navy frigate IRIS Dena sank in the Indian Ocean approximately 40 nautical miles (74 km) south of Galle, Sri Lanka, after being struck by a torpedo from a United States Navy submarine.

The Sri Lankan navy says around 180 people were on board, with 32 rescued.

A spokesman tells the BBC the cause of the sinking is not known.

Sri Lanka’s navy has confirmed that it’s rescued 32 people after it received a distress call from Iranian navy ship ‘IRIS Dena’ early this morning, March 4.

Budhika Sampath, the spokesman of Sri Lanka’s navy says: “Though it was beyond our waters, it was within our search and rescue region. So we were obliged to respond as per international obligations.”

He adds: “We found people floating on the water, rescued them, and later when we inquired we found that those people are from an Iranian ship.”

He also says that according to the documentation of the ship 180 people are believed to have been on board, although the exact number of missing is unknown.

The spokesman says at the time of launching the rescue operations they did not see the vessel but saw oil patches on the water and floating life rafts.

He also tells the BBC that he rejects the reports of a submarine attack causing the sinking, and that the cause is unknown.

So far, Sri Lanka’s military has not been able to confirm what might have caused the ship to sink.

Israel launched a fresh wave of strikes across the region, with several people reportedly killed in attacks on Lebanon that the IDF says were targeting Hezbollah operatives and facilities

News

JUST IN: President Tinubu Swears In Olatunji Disu As 23rd IGP

Published

4 hours ago

March 4, 2026

Editor

President Bola Tinubu has officially sworn in Olatunji Rilwan Disu as the 23rd substantive Inspector-General of Police (IGP) on Wednesday.

The ceremony took place at the Council Chamber of the Presidential Villa in Abuja, just before the first Federal Executive Council (FEC) meeting of 2026.

The Disu took the oath of office shortly before the commencement of the Federal Executive Council (FEC) meeting.

The President also administered the oath of office to six commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and two from the Federal Civil Service Commission (FCSC).

The ceremonies were witnessed by ministers, senior government officials, and family members of the appointees.

The council meeting began shortly after the swearing-in ceremonies.

In attendance were Vice President Kashim Shettima; the Secretary to the Government of the Federation (SGF), Senator George Akume; the Chief of Staff to the President, Femi Gbajabiamila; the National Security Adviser (NSA), Nuhu Ribadu; and the Head of the Civil Service of the Federation, Mrs. Esther Walson-Jack.

Disu was appointed as the acting IGP on February 25, 2026, by Tinubu, following the resignation of former IGP Kayode Egbetokun.

Disu was decorated as acting IGP by President Bola Tinubu in February, 2026.
His appointment was endorsed by the Nigeria Police Council (NPC).

The former Assistant Inspector-General assumed office last Wednesday.

He had previously served as AIG in charge of the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos, after his promotion to the rank last year.

Disu, a former head of the Lagos Rapid Response Squad (RRS), has promised to provide an accountable, modern, and professional policing.