• Saturday, December 02, 2023
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PorkMoney founders flee from Interpol over multi-million dollar fraud

PorkMoney founders flee from INTERPOL over multi-million dollar fraud

Gloria Igberaese and Muyiwa Folorunsho,  a Nigerian couple and co-CEOs of Divergent Enterprise have reportedly fled to the Dominican Island to avoid the Interpol desk of the Nigerian police.

The couple is wanted for their involvement in multimillion-dollar investment fraud. Divergent Enterprise operates businesses such as Landlagos, PorkMoney, Hyberfactory, and Porkoyum, among other companies.

The latest man-hunt came on a petition from a former customer of the company, Chijioke Ukaegbu, and other victims. One of the crimes allegedly committed by the couple includes defrauding investors N1 billion.

The Gazette reports that warrants of arrest separately issued for them by the Lagos Division of the Federal High Court said they are wanted for obtaining money under false pretense and stealing.

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“If seen, arrest and hand over to the nearest police station or to the office of the commissioner of police Interpol Section Force Criminal Investigation Department Annex Alagbon Ikoyi Close, Lagos,” the documents further said

The couple had come under public scrutiny when former members of staff took to social media over alleged discriminatory workplace treatment and malpractice by the couple. According to ex-employees, the couple used Divergent Enterprises, located in Victoria Island, Lagos to defraud clients of large sums of money.

A former employee alleged that PorkMoney, which is supposed to be a pig farm, was positioned as a vehicle for securing funds from investors on promises of high returns.

“So what Muyiwa did was that he’ll tell people to invest a certain amount and then he’ll pay back with interest after 11 months. There were different batches for the PorkMoney scheme (Ponzi scheme). This is what Muyiwa did. The first batch paid, Muyiwa used their money to flex. After 11 months, he started another batch which he used to pay the first batch,” alleged the former employee who identifies as Ada.

Some of the clients who joined the petition dated January 12 appear to have corroborated Ada’s allegations, accusing the couple of diverting funds for personal use, including the purchase of luxury properties and foreign citizenship. The Gazette also claims it can confirm the foreign citizenship as it has sighted the data pages of the couple’s Dominican passports.