Shade Olugbemi, Facebook Influencer, Vanishes With Investor's N1.85m in Food Investment Scheme

Opeyemi Afeez (not real name), a retired Nigerian principal based in the United States, has accused Shade Olugbemi, a Facebook influencer, of defrauding her of N1.85 million. Afeez recounted that in 2020, shortly after her retirement, she began searching for legitimate investment opportunities. During this search, she came across Olugbemi’s offering —Teeshafo Foods. According to Afeez, what Olugbemi presented appeared as a unique investment model that diverged from the prevalent unsustainable investment practices she used to know. This distinction piqued Afeez’s interest and led her to consider investing with Olugbemi. Afeez told FIJ that it seemed those who invested with Olugbemi received payments after some time. Intrigued by this, Afeez delved deeper to understand the mechanics of Olugbemi’s investment model. READ MORE: How Investor Lost N60,000 to Shade Olugbemi’s Teeshafo Foods After conversing with Olugbemi, Afeez learned that she could anticipate a 10 percent return on her investments. Given that her investments were directed towards agricultural products, Afeez said she became convinced and subsequently invested her funds. Part of Afeez’s payments Afeez said she entrusted N1.85 million to Olugbemi’s agricultural products, between September and December 2020, expecting a 10 percent Return on Investment (RoI), but the anticipated returns never materialised.
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