Posted in Latest, Startups

Ex-staff alleges LandLagos is a Ponzi scheme

   October 21, 2019

A former staff of Landlagos (using the domain name Landlagos.com) recently took to Twitter to express their displeasures about the company.

However, in the midst of their anger, several former staff of Landlagos, a Divergent Enterprise company alleged that the company which provides affordable real estate to Lagosians is a Ponzi scheme.

Divergent Enterprises (LandLagos) is owned by Glory Osei and Muyiwa Folunrunso. Aggrieved staff who alleged they were run several Ponzi schemes also alleged that they are married couples but there are no signs they were husband and wives, at least according to public information.

Apart from LandLagos, they also run several ventures such as Hyberfactory, Porkmoney, Porkoyum & Femfunds.

While there are no proof and or a conviction of its owners, several allegations raised by the company’s staff are to be taken seriously given the popularity of the company and the magnitude of financial investments its customers must have vested in it.

While Glory Osei has issued some personal statements without making direct comments on the public allegations, LandLagos has not issued an official statement on the matter.

See below, the thread containing complaints from one of the former employees of Landlagos (and or Divergent Enterprises):

I started working with Divergent Enterprise in June 2019 (position withheld). I didn’t know much about the company and was just excited to work. I also didn’t know Glory and Muyiwa were married to each other. The most popular brand for Divergent is Landlagos. 
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. 
Muyiwa sold these lands to people regardless with the help of the sales staff. Sold a lot of plots! As I write this, there’s no land anymore. Government has reallocated those plots to someone else so muyiwa has eaten your money just Incase you bought land from him. 
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 
after 11 months.
There were different batches for the pork money scheme (Ponzi scheme). This is what Muyiwa did. First batch paid, muyiwa used their money to flex. After 11 months, he started another batch which he used to pay the first batch. We know how MMM worked now. No need 
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. 
There was one day one minister or something had an event on the same street as Divergent. Guys, muyiwa was on his way to work when he saw policemen everywhere. He turned around! He’s scared to be seen because he’s s fraud! 
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” 
At Divergent the fastest way to lose your job is to piss Glory off. If you make a mistake at Divergent, you’ll be fined for it and this fine is from 5k upwards. 5 mistakes = 25k from your salary 😂 They hired 2 content creators. Fired one of them in 3 days, fired the other one 
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! 
Friday 27th September 2019, at exactly 4:45pm. Muyiwa called COO and head HR to fire everyone at Hyberfactory, Landlagos and some other people. Myself inclusive. No reason, no payment in lieu, nothing. The Head HR had to stay back to make sure our salaries would be paid before 
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