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Victims of N123Million MBA Forex Scam Storm Anti-graft Agency, EFCC Office, Demand Arrest, Prosecution Of Runaway CEO, Odum

Posted by Samuel on Thu 12th Aug, 2021 - tori.ng

The demonstrators stormed the headquarters of the Economic and Financial Crimes Commission (EFCC) in Abuja to demand the arrest and prosecution of the company's Chief Executive Officer, Maxwell Odum.

Maxwell Odum

According to a report by SaharaReporters, the victims of an alleged scam perpetrated by a Lagos-based forex training and capital investment company, MBA Capital and Trading Limited Wednesday protested against an alleged scam perpetrated by the company.

The demonstrators stormed the headquarters of the Economic and Financial Crimes Commission (EFCC) in Abuja to demand the arrest and prosecution of the company's Chief Executive Officer, Maxwell Odum.

The protesters alleged that they were defrauded of a whopping sum of N122,510,000 in a scheme promoted by the firm with a promise that they would be getting a 15 percent return on investment every month.

The company has since reneged on its promise in the payment of dividends, according to the protesters.

The protesters in their numbers displayed placards calling on the commission to intervene in their plight by arresting and prosecuting Odum. Chairman, Victims of MBA Forex Fraud, Christian Agadaga said, "We did not invest in a Ponzi scheme, we invested in forex and forex is a legitimate business all over the world. We invested in a company that gave us contracts to sign and we all signed the contracts, making it a legitimate business.

"Now all branches of the company have been shut down and we don't know where the CEO of the company is. Our investment capital has been trapped since November 2020 and there is nowhere to retrieve it.

"We call on the EFCC and Interpol to immediately swing into action, get Maxwell Odum arrested, and compel him to refund the investors' money. This is our demand."


The protesters, while accusing the anti-graft agency of conniving with the company, threatened to shut down the offices of the commission across the country if they fail to arrest and prosecute Odum within a reasonable time.

They maintained that a formal petition has been submitted to the Zonal office of the commission in Port Harcourt, Rivers State, and vowed to mobilise all investors across the country to occupy the EFCC headquarters if they fail to take action on the matter.

Also speaking, the Executive Director, Leadership and Citizens Development Centre, Comrade Enefaa GeorgeWill also accused the anti-graft agency of conniving with the company. therefore threatened to mobilise other investors across the country and shut down the headquarters of the commission if they fail to arrest him.

"We are saying we will give the EFCC the benefit of doubt, though we have been enjoying a fraternity relationship with the zonal office of the EFCC in Port Harcourt before this rumour came up.

"The rumour making the rounds, especially in Port Harcourt where the MBA office is located, is that there is nothing investors can do, and that all the noises we are making are just the usual Nigerian drama and that MBA has bought over EFCC headquarters and that there is nothing we can do.

"We are saying after giving EFCC reasonable time, if they do not arrest and prosecute Maxwell Odum, we will be left with no other choice but to shut down the EFCC headquarters,"
he said.

Some Nigerians had invested in the company because of some promotional publications on major news outlets in the country.

The company was registered with the Corporate Affairs Commission and the Special Control Unit Against Money Laundering.



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