Jumia Food MD Arrested For Fraud

  • 05,Feb 2019 03:42 AM
  • By Iwedi Ojinmah

Men of the Nigerian Police Force, Zone II, Lagos, have arrested Guy Futi, Managing Director of Jade Internet E-Services Nigeria Limited(Jumia Food), over allegations of fraudulent diversion/conversion of funds made against him by a logistics services providing company, Castle Logistics Services Limited, a Jumia vendor.

Confirming the arrest, a member of the anti-fraud unit, Adewumi Adegoke, said a case of diversion of funds running into millions of naira was lodged against Jumia Food and Guy Futi by Castle Logistics. His words: “I can confirm that the Managing Director of Jumia Food was arrested and is in our custody. Investigations are ongoing on the allegations levelled against him and the company.”

However, spokesperson for the company, Olukayode Kolawole, has said Guy Futi was not arrested, but honoured a Police invitation, after which he left the Police station. He said: “Jumia Food MD neither misappropriated the company’s funds nor converted them for personal use. “If this had happened, Jumia would have taken legal action against him and probably involved the press. I say, unequivocally, that Jumia Food MD was never involved in any fraudulent act.

“If truly this happened, why would Jumia cover up for him? Is an outside source more credible to tell an alleged story of fraud within Jumia than the company management? Again, there’s no basis for hiding an employee’s fraudulent act if truly the employee committed such an act.

“Jumia has an outstanding court case against a vendor (3PL) partner, who owes the company and has refused to pay. It is on the basis of the court case filed against the vendor that Jumia Food MD, Guy Futi, was invited by the Police for questioning.

“Guy Futi was never detained by the Police. He was invited for questioning and left the station after the interrogation same day. The Police should provide physical evidence of him in detention or else the information you were supplied with was completely false and has malicious intent.

“A visit to the supposed station where he’s alleged to be waiting for bail will add so much credibility to your story. “Guy Futi had not joined Jumia as an employee at the time the vendor’s debts started accumulating. He’s barely new at Jumia Food. The allegations are completely untrue and appear to be a cheap effort by a third party to distract the public from the main issue and malign Jumia’s image.”


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