Home NewsBusiness Angry Investors Of MBA FOREX Storms EFCC Zonal Office, Demands Arrest Of The CEO

Angry Investors Of MBA FOREX Storms EFCC Zonal Office, Demands Arrest Of The CEO

by Anita Ogona
A Group of persons who said they are investors of the MBA Trading and Capital Investment on Wednesday took Their protest to the Port Harcourt zonal office of the Economic and Financial Crimes Commission, EFCC, over the Continued withholding of their funds running into billions by the Owners and Management Of MBA FOREX Trading Company.
They accused the CEO of MBA, Maxwell Odum of defrauding about 70000 Nigerians.
They  appealed to the EFCC to assist them recover their monies. MBA Forex Trading Has Killed many People Here in Port Harcourt, one angry investor told our correspondent, He said they are Looking for his house address so that they can take the protest to his doorstep, odum is a criminal he concluded looking dejected. May be an image of 2 people, people standing, outdoors and text that says 'I 11 SELECT PORT HARCOU A Fraudster is not different frum OF MBA OREX a Terrorist. Both can Kil R MBA is killing Investors Limited MBA DING with depression. (Nigerians) slowly VESTEENELTO'
Mr maxwell odum was a very smart boy who dupe other money doublers of their hard earn money due to largely or completely unemployment.  MBA took money from people to trade for them. Forex isn’t Ponzi  scheme although it’s not impossible that some operators run it like Ponzi schemes.
When this so called MBA forex started it was like if one didn’t invest in online business you are a fool but today what happened? the aim of a business man is profits hence Maxwell have made so much profit because he run into Billions before recording this recent gross losses.
May be an image of one or more people, people standing and outdoors One of the MBA Investor Madam Vee Tamuno said – My N2million is hanging. We have been issued a quit notice at home. The Landlord is not listening to excuses. The school fees of our kids have not been paid. My husband is now battling with his health. This was our alternative source of survival since he lost his job.

The embattled company founded by Maxwell Odum crashed in November 2020 after what sources termed “insolvency of the business model” and financial irresponsibility of the management that left thousands of investors penniless.

It had promised to refund investors their capital, although sources say it is a time-buying gimmick.

The Central Bank of Nigeria had said,125,397 investors deposited a total of N171,128,219,041.00, into accounts belonging to MBA Trading and Capital Investment Limited.

The scheme which promised a 15 percent return on investment to depositors, crashed in November, leaving its investors hanging with promises of return of deposited capital.

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