MarianaTrench:
So this guy was also running a Ponzi scheme...

Everyone in Nigeria wants to blow overnight

Davash222:
10% Returns in two months
Some people are truly gullible.

So, if I invest 100K , I have to wait after two months before making 10,000 Naira.
If I use that 100K and be playing 2 odds every weekend, that would be 100 times better sef.

Ryan03:
most banks offer 10% per annum

nairalee:
Option A - MMM
Option B - MMM Reloaded
Option C - Oko Oloyun

AntiWailer:


Give me one please

toprealman:

Not sure about the game staking but same goes for fixed deposit in banks. GTB gave me a ridiculous rate the other day, the silence response they got from me must have been deafening.

toprealman:

Not sure about the game staking but same goes for fixed deposit in banks. GTB gave me a ridiculous rate the other day, the silence response they got from me must have been deafening.

alezzy13:


Really? Give an example. I'm very interested

Liposure:
hi linda

alezzy13:


Really? Give an example. I'm very interested

alezzy13:


What rate did they give?

Kubernetes:


Investment in banks like fixed deposit and tbills should not and can never be compared with a Ponzi investment.There is 101% certainty of getting your money back at any time t if you decide to call back your investment.And because of this,the rate are on the lower side but still better.

bonnyhope:


what can you say about fixed deposit that returns about 10% in the whole yr?

Davash222:
10% Returns in two months
Some people are truly gullible.

So, if I invest 100K , I have to wait after two months before making 10,000 Naira.
If I use that 100K and be playing 2 odds every weekend, that would be 100 times better sef.

Davash222:
10% Returns in two months
Some people are truly gullible.

So, if I invest 100K , I have to wait after two months before making 10,000 Naira.
If I use that 100K and be playing 2 odds every weekend, that would be 100 times better sef.

ursullalinda:
Thought they said he had a good business?.....Nigerians will always have one side dirty business.....while flaunting the good one.....greed is bad

5chrisade:


Anyone that says betting is a scam is ignorant. With good money,good source of games, tested strategy and discipline, betting(sports investment) is bliss.

Dizzyrascal:
guy, I won about #158,000 in the month of December 2019 staking about#70000+....so I know what I am talking about....when u consider the sleepless nights and the propensity of big teams to mess up coupled with the anxiety attached, I can confidently tell u dat it is not worth it....there was a time I staked a 3 odd game with about #10000 guess the match that ruined the ticket? Juventus drawing 1:1 with sassuolo at the Turin stadium.... bros Las Las betting na scam....I have played it long enough to know

bizhop01:

2 odds indeed,

You bet on FC barcelona team to wear jersey in pitch, that day Messi will forget his jersey in dressing room.

prof2007:
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 23 January 2020 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 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.

SOURCE: https://www.pmnewsnigeria.com/2020/01/24/investors-storm-oko-oloyuns-office-to-demand-their-money/

einsteine:


Are you saying 10% in two months is low?

10% in a year passively is fantastic return. Treasury bills currently pay 5% in a year.

AntiWailer:


Dnt mind that one.

AntiWailer:


Give me one please

AntiWailer:
I dnt get it .

U are investing in a Ponzi scheme called Option C by Oko Oloyun ?

Many are truly mad but few are roaming about.

Davash222:
10% Returns in two months
Some people are truly gullible.

So, if I invest 100K , I have to wait after two months before making 10,000 Naira.
If I use that 100K and be playing 2 odds every weekend, that would be 100 times better sef.

Azmanaty:


Big FAT lie!

NoToPile:
Loool, I wouldnt say its a ponzi scheme nor a money doubling programme,I found out details about the investment scheme back them

They said its 10percent every two months with one month break, so basically you get paid 10percent once every 3 months which is 4 times in a year equating to 40percent yearly which I feel is still very high sha, A whole 40percent.

Option A was you become a mega distributor or something like that
Option B was you get a mini kiosk or selling from their branded car booth.
Option C was you invest your cash and after sales of the products by their sales team you get the profit at that particular percentage.


Nigerians majorly went for option C maybe because option A and B would have involved a lot of capital to get their products.



Now that the man is dead no one knows what will happen to the investors fund.