Alleged fraud: MBA forex investors protest to EFCC

Protesting victims of MBA forex trade at the Zonal office of the EFCC in Port Harcourt, Rivers State on Wednesday.

 From Blessing Ibunge, Port Harcourt

MBA Forex investors on Wednesday, stormed the Zonal office of the Economic and Financial Crime Commission, EFCC, in Port Harcourt, Rivers State, calling for the arrest and prosecution of Chief Executive Officer of the online firm, Maxwell Odum over alleged N171bn Fraud.

In a peaceful protest, the aggrieved investors claimed that the CEO of MBA Capital Trading Investment Limited defrauded over one hundred fifty thousand Nigerians of their hard earned money.

Speaking on behalf of the protesters, Christian Agadaga, Chairman, Victims of MBA Forex Fraud in Port Harcourt,  said investors were promised 15% returns of their money every month in all investments but have received nothing.

Agadaga stated that over one hundred and seventy one billion naira (N171bn) was paid into the company’s account by over one hundred and fifty-five thousand Nigerians who incidentally were also victims.

“We want to use this opportunity to let the world know that something more dangerous than terrorism is happening in Nigeria.

“Hardworking Nigerians invested their money in a company called MBA TCI Limited with the promise to get fifteenth percent interest monthly and I can tell you that since November, 2020 none of these investors have been paid.

“The Central Bank of Nigeria made it expressly clear that this company has received into their coffers, over N171 billion naira from more than one hundred and fifty-five thousand Nigerians.

“As I talk to you, Nigerians are depressed, there is no cure for depression. Nigerians are contemplating succide. Enough is enough. 

“Authorities concerned should fish out this man, Maxwell Weli Odum.  Rivers people all over the world are respected, and just this man alone wants to soil the hard earned reputation of Rivers people, we will not take it”, Agadaga protested.

In solidarity movement, a Human rights group, Rivers State Civil Society Organisation, demanded the refund of money to the victims.

Chairman of the Civil Society Organisation, Enefaa Georgewill stressed the need for urgent intervention by the EFCC.

Georgewill accused the Company of defrauding the investors of their hard earned money and diverting it for personal use.

“We are in solidarity with victims of the MBA Forex Trading and it’s our call that the EFCC should immediately investigate and prosecute the company. 

“From our shallow investigation we realized that these monies have been diverted to do alot of things that are not part of the agreement the company entered with the investors.

 “We just met with the EFCC Zonal Coordinator and he has promised us that he is going to swing into action immediately and that he is going to supervise the investigation”.

Enefaa called on the investors to be patient and have faith with the EFCC to carry out their investigation.

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