Residents of Osogbo, Osun State, were thrown into panic on Monday after a food outlet allegedly operating an investment scheme shut its premises, leaving hundreds of customers worried about funds they had paid for food supplies.
The outlet, Global Food Initiative, reportedly began operations in early August around the Odi-Olowo area of the state capital, offering food items to participants at prices said to be significantly below prevailing market rates.
Participants were required to pay in advance for food items which they would collect a week later.
The items reportedly included 50kg bags of rice, which were sold for ₦27,000 and various sizes of vegetable oil, among other food products.
More than 200 people reportedly gathered at the location, with several participants expressing concern over funds they had paid into the scheme.
Tension reportedly rose as some of the aggrieved participants threatened to damage the building housing the outlet’s warehouse, prompting the intervention of police operatives.
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