Port Harcourt, Nigeria – Prince Emeka Ineh, CEO of Gladius Urban Farm Africa Ltd., is currently in detention and facing court proceedings over an alleged Ponzi scheme that defrauded investors of more than ₦355 million.
According to a report by Kalabari TV, Gladius Urban Farm operated from an office in Port Harcourt and claimed to offer investors high returns from a poultry farming venture. However, investigations have uncovered no physical evidence of any farm operations, prompting authorities to label the business a front for large-scale investment fraud.
The fraudulent scheme is alleged to have been run by Prince Emeka in collaboration with his mother, Mrs. Love Ineh, a former Commissioner for Housing and Urban Planning in Imo State; her daughter, Ineh Chiudo Queen; and Mrs. Obiakpolam Perpetua Adaugo. While Prince Emeka is currently in custody and seeking bail, Kalabari TV confirms that both Mrs. Adaugo and Obiakpolam are currently on the run, evading arrest.
The Department of State Services (DSS) is also investigating Mrs. Love Ineh for possible involvement in the fraud, as well as for corruption during her time in public office. Authorities are probing whether her political influence played a role in enabling the Gladius Urban Farm operations.
An anonymous source further reveals that Prince Emeka aggressively misled the public through deceptive radio jingles and pressured his staff with strict targets to lure unsuspecting individuals into investing in the fraudulent scheme.
Additionally, Mrs. Obiakpolam Perpetua Adaugo, who was previously granted bail by the State Criminal Investigation Department (CID), failed to return for further questioning despite multiple requests. Her surety has also failed to produce her, prompting intensified efforts to locate and apprehend her.
Investors affected by the scheme have expressed outrage and called for swift justice. Many say they were misled by false promises of profitability and now face devastating financial losses. The fraud case, which has drawn national attention, is now seen as a reflection of broader issues plaguing Nigeria’s investment and regulatory environment.
As court proceedings continue and the DSS expands its investigations, the outcome of this case is expected to set a precedent in tackling financial crimes and political corruption.
Source: Kalabari TV Reports
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