Nigerians React As Serial Investors Glory Osei And Alleged Husband Muyiwa Folorunso Are Accused Of Fraud

Serial Investor Gloria Osei has in the last couple of years became famous as a single, independent business woman with several businesses like Land Lagos, Porkoyum, Fem Funds, Hybefactory etc.

All hell however broke loose on Monday after it was revealed that she was married. Her former employees who made this known allege that Glory and her husband who are partners in all the businesses she owns employ and fire employees at will owing them salaries. They also accused her of selling substandard goods, and allegedly even running ponzi schemes through their several businesses.

See some of their tweets below:

I came across a job advert for the position of a communication executive, which I applied and was called for an interview and later got the job with TRUEREBEL FASHION COMPANY

— Port Harcourt most handsome™ (Lagos most Adored) (@laurelchinedu2) October 21, 2019

At the end of the month I was not paid. I pleaded with my neighbour to exercise patient till the following month & also collected another 15k for transportation for the second month. When the second month ended, I was not still paid. So I started dodging my neighbour.

— Port Harcourt most handsome™ (Lagos most Adored) (@laurelchinedu2) October 21, 2019

Now Truerebel Fashion Company has turned me an enemy against my neighbor whom I have not been able to pay. He has also turned me an enemy against my parent. When I look back, my heart is always filled with regret and pain

— Port Harcourt most handsome™ (Lagos most Adored) (@laurelchinedu2) October 21, 2019

sell fake jewelries while his other staffs in other companies sold fake lands in Lagos. I was only used as an accomplices.

Nigerian graduates, please beware of this scammer

— Port Harcourt most handsome™ (Lagos most Adored) (@laurelchinedu2) October 21, 2019

@instablog9ja Thanks for picking Ay story & posting it on Instagram. I’m out to end slavery Nigerian workers go through in the hands of employers.If you are going through any torment at work place Feel free to follow me & DM me your story. Let’s call a Spade a Spade.

Glory Osei

— Port Harcourt most handsome™ (Lagos most Adored) (@laurelchinedu2) October 21, 2019

Folorunsho is a big scam always having to change company every now and then.. from Enterfrica to porkmoney and doing interviews with John dumelo telling stupid lies about his company.. he sacks his employee every 6months with no reasonable excuse. @glory_osei God be with you pic.twitter.com/S6VH5yLlyh

— The_Boy (@wraps_01) October 21, 2019

For Landlagos, he had different lands for sale (3m, 4.5m, 5m and 12m). I’ll talk about the 3m lands because that’s the real scam. So the title of the 3m land was “Excision in Process” which means the lands were for muyiwa but the government still had a big right to claim them.

— Ada (@TherealAda_) October 20, 2019

Let’s talk about Porkmoney. Porkmoney is a supposed “pig farm” that needed funds to produce the end product which is “Porkoyum” Porkoyum office is at Ogba. So what Muyiwa did was that he’d tell people to invest a certain amount and then say he’d add pay back with interest

— Ada (@TherealAda_) October 20, 2019

for plenty talk. Let’s talk about hyberfactory. They sell fake hair and a lot of other fake stuff at ridiculously high prices. If you know about hair like I do, you’d understand what I’m saying.

— Ada (@TherealAda_) October 21, 2019

Dearest Glory! Witch! She’s wicked! You people that worship her are trying! She treats people like trash! The creative team at Divergent can testify to this. One of the photographers resigned last week. His reason, “that place is too toxic”

— Ada (@TherealAda_) October 21, 2019

In one week. Oh did I tell you how Muyiwa wanted to replace the head HR simply because she missed work for a few days (her son was admitted at the hospital) and they knew!

— Ada (@TherealAda_) October 21, 2019

She resigned. Basically, Glory is a scam, she’s VERY married to Muyiwa Folorunso who is also a big ass FRAUD. Divergent Enterprise should be investigated and shut down. This is the end of my thread. I will answer any questions you have. Thank you

— Ada (@TherealAda_) October 21, 2019

Following the revelation by her former employees, many Nigerians took to social media especially micro blogging social networking site Twitter to share their thoughts on the matter leading to her being the most discussed topic on the platform today. Allegations of fraud and employee maltreatment dating back to 2014 were also uncovered on popular news forum Nairaland. Read some tweets below:

Remember when I got a Job Interview in 2017 then I decided to type the company name on Nairaland & Found out they were scam. They exposed Glory Osei & Muyiwa 5 years ago. If NairaLand says it’s Scam, it is definitely Scam…

Nairaland: The Centre For Undiluted Truths

— King Nonny 👑 (@Zaddy_nomso) October 21, 2019

Glory Osei case hurts me because I had my share of private firm ruthlessness . You work & they withhold salary , making you live in suffering, totally overruling labour laws . One day I will share my case of how I worked for TSTV & how they are still owing me +\- N587,000 .
Soon!

— IgboMade (@volqx) October 21, 2019

Glory Osei and Muyiwa Folorunso – They aspired to inspire, then decided to conspire and unlawfully hide & fire and now they will perspire because plans don backfire & they don acquire the documents whey dem go use enquire. The facades don expire and they are now in a quagmire. 🤓

— 👑 DaddyMo 👑 (@therealdaddymo1) October 21, 2019

Glory osei has scammed me emotionally.

I was a secret admirer, there was this one time she tweeted about closing a huge deal and she went inside the restroom, came out and requested for a bigger budget and they gave her.

I was like wow, such amazed.

Emi clown 🤡🤡🤡🤡

— Pastor Ola ✨ (@Biisi96) October 21, 2019

Glory Osei will come on this app, tweet like a single feminist and how men are the worst creatures ever when she has a husband at home.

But Yemisi in Abule Egba will swallow everything Glory tweets hook, line and sinker because she doesn’t have sense and a mind of her own.

— Mazi Olisaemeka C. ™ (@OlisaOsega) October 21, 2019

Lol, I promised myself I would fight my depression without having to drag someone into a mess. But I’m not dragging anyone this is me healing. I am a 20 year old content writer and developer!!! And I have always admired muyiwa and @glory_osei respectively

— Kenny Owen (@_kennyowen) October 21, 2019

You employ workers,you won’t pay their salaries on time,you fine them at any tiny chance you get so you won’t pay them full salaries,you defraud people ,sack workers all the time without paying their salaries,Glory Osei and Muyiwa, those people’s sweat and tears will haunt you!

— Oyindamola🍯 (@dammiedammie35) October 21, 2019

Glory, who describes herself as a negotiation and international procurement expert has since released statements denying the claims. Read below:

PRESS RELEASE from GLORY OSEI.

This is an unofficial press release. In the short time since we had to deal with the outpour we couldn’t wait to have a professional give us a well polished write up to address all of the many allegations leveled against my company and my person. We had not planned for this and we have never imagined we would at any time have to defend our livelihood and humanity.

1. First my Businesses. PorkMoney and Porkoyum. PorkMoney was born out of our need to connect pig farmers with capital. This we have done. In the time since we started we have provided more financing outside of traditional institutions for farmers who had previously never been attended to, and also in that time we have done more than helping finance the purchase and rearing of their livestock, we have also gone beyond that to create our factory, the porkoyum factory, that helps into turning this livestock into recognisable consumables- Bacon and sausages. This had always been our goal and it is a work in progress, but one we are very happy of. Now since we started PorkMoney and its subsidiary (Porkoyum) we decided to use our cashflow to invest in businesses that allowed for more liquidity in the short term. This was how Landlagos was born.
2. Landlagos. Landlagos got off to a rocky start. Our former manager (a Mrs Linda) who was key in negotiating our plots had omitted a lot of details. First was the one about titles, a key one. We went around and found that we could perfect it with the right contacts in the ministry, this is something we have actually made headway in. All the owners of property in Landlagos would now have it easier to perfect this property. But this is not our only property. We have over 60 plots of land at Lakowe, all with their full titles including a C of O. We had to dismiss Mrs Linda for the misdirection and also for planning to disrupt our services with some “omonile” people she had planned with to come and play on our naivety and make financial demands she basically orchestrated. Since that whole debacle the health of Landlagos has been fine. We are making a lot of progress and we cant wait to unveil what we have been working on in secret.

 Hyberfactory. This was a passion project born out of my experience in private labelling and shopping for cheaper items in China. Before venturing into Agriculture and real estate I was making bank off trending products. I started with Jewelry (True Rebel Fashion Company) and I moved on to Waist trainers, and even popular supplements like Slimtea, Flat tummy tea and the likes were made popular by me before I started to move on to more soul fulfilling businesses. Starting hyberfactory and my consultancy was a way to firstly earn of my knowledge because I had/have a lot to share, and also because it is well within my competency.

 Now to the allegations.

Mistreatment of staff. This is a very tricky subject, it is especially tricky as in the past when this has happened I have come to find that employers seldom get any remorse, for as far as the public is concerned, why give remorse to someone you may consider ahead fo the curve. But let me categorically state, I have never mistreated any staff. We are a passionate business people, and all our efforts was always aimed at growing the people we have. Could we be gentler? Definitely, and if anything this whole fiasco is a teachable moment for my company. I wish we had handled the VERY necessary dismissals with a little more tact. The problem with running a private company in Nigeria is that we can see the people gaming the system and doing the barest minimum and we understand on a very deep level how that affects the productivity of any system. We are now putting every measure in place to make absolutely certain that this is no longer the case.

2. Running a Ponzi scheme. This is a ludicrous statement. Everything we have done from when we started till now is to maximize the resources at our disposal, making sure to not take more than what we need to achieve what needs to be done. It is pretty jarring that anyone would say this given just how fragile our ecosystem is. We are on schedule to paying all of our partners, and in fact, off the potential of all our other ventures would not be needing any more outside capital to finance our growth effort.

3. Social media posturing. While I am a bit of a public personality I do like to keep certain aspects of my life very private. In conclusion. I have been very introverted for a very long time. I had to literally force myself to start posting on social media some 3 years ago anonymously, until I garnered the courage and stomach to make myself a public personality. The reason I have a social media profile that documents everything from what I do to how I live, this was an attempt to connect with an audience that I have been disconnected from since I was 19. It has taken a lot of determination and drive from me and my partner to grow with the very little we had to start with, and I am beyond sad that my worst fears about this platform has today been actualized. I hope with time and the progress we make as a company, many of you would begin to change your positions on how you have chosen to see me today. I also pray you read between the lines of every accusation and look for truth, ask questions. If I had to keep every staff that ever did us in as a company, and those who didn’t but for the actions of those who did created a ripple effect that would have affected our very existence, I wouldn’t have a company. For those who are unhappy with my perceived treatment of them while working for me, I sincerely apologize, and I do hope that over time, as you venture into creating businesses of yours that you get to understand why some things however unpalatable are totally necessary if one is to survive as a business owner in Nigeria.

Thank you.

She also shared another press release from her company Divergent

OFFICIAL PRESS RELEASE. pic.twitter.com/TXqy9lMZlk

— Glory Osei (@glory_osei) October 21, 2019

Her alleged husband Muyiwa Folorunso as at press time remains mum on the issue.