MBA Forex investment scheme fraud, investors react

Investors in MBA forex investment company, a scheme that has turned out to be fraud, have continued to put the firm in the spotlight.

On Wednesday, investors of the company in Port Harcourt, Rivers State, protested against the failure of the firm to refund their capital after a year of the company’s collapse.

This time, the protesters took their grievance to the palace of the Paramount Ruler of Elekahia community, where they delivered a protest letter to the traditional ruler and sought his intervention on the issue.

Mr Maxwell Odum, the chief executive officer of MBA, is an indigene of Elekahia community.

The victims threatened to dump the corpse of any investor that dies as a result of the failure of the firm to refund their capital, at the doorstep of Odum’s family house.

Christian Agadaga, leader of the protest, while speaking to the press asked the traditional ruler to summon the CEO of MBA Forex Trading and Capital Investment Limited.

He said, “Nigerians from all walks of life are disgruntled; some have died out of frustration, some are in deep pain and hospitalized because Maxwell Odum, an indigene of Elekahia community, defrauded Nigerians of billions of naira.

“We also use this opportunity to call on the President of the Federal Republic of Nigeria, Muhammadu Buhari, to shift a little focus on financial banditry, because Maxwell Odum is a financial terrorist and a bandit. He should be fished out. He (Odum) cannot be smarter than Nigeria.

“We are calling on the President to mandate the Inspector-General of Police, Usman Baba Alkali, to fish out Maxwell Odum.

Mr Odum had last year, following a protest by aggrieved investors, assured the investors in an audio message, that he would refund their money, saying the company was going through some challenges.

However, since then there has been no further communication nor action taken on the issue.

The founder and CEO of MBA Forex & Capital Investment Limited scheme have remained incommunicado and away from public view.

Efforts to reach him by journalists have not been successful.