There was confusion in Osogbo, the Osun state capital on Tuesday as angry residents swooped on stores believed to belong to the Global Good Initiative, a company accused of scamming them.
NPO Reports that the residents who had woken up on Monday to the news that the organization to which they had subscribed varying amounts of money to benefit from a supposed cheap food distribution scheme, stormed three stores believed to house some food items including bags of rice and cooking oil.
However, NPO Reports was reliably informed that majority of those who looted the stores were not the contributors to the scheme.
The development is coming hours after tension erupted in Odi-Olowo area of Osogbo where one of the stores is located.
Hundreds of residents stormed a food warehouse, demanding refund of their investment following sudden shutdown of the company.
The company reportedly sells food items such as rice, cooking oil, spaghetti, and semovita at prices significantly lower than prevailing market rates.
This attracted a large customer base over the past few months, with many people paying substantial amounts of money in anticipation of receiving food packages and other benefits.
However, the sudden closure of the warehouse had sparked panic among the customers as they converged at the closed premises on Monday.
Witnesses alleged that the company generated considerable revenue from the scheme before abruptly shutting its operations.
The aggrieved customers are reportedly demanding recovery of their funds.
Reports indicate that the operators of the business are currently unreachable, fueling concerns among victims about the fate of their investments.
