MBA Forex Investors In Jeopardy Over Unpaid ROI

MBA Forex Investors In Jeopardy Over Unpaid ROI

As the year comes to its climax and the long awaiting Christmas draws closer: Investors of the leading online financial institution’ MBA Forex & Capital Investment Ltd’ goes angry over the unpaid monthly returns.

MBA MD Leaves Port Harcourt

The Managing Director and Chief Executive Officer, MBA Forex and Capital Investment Limited. who is an indigene of Rivers State, Mr. Maxwel Weli Odum has reportedly relocated his immediate family out of Rivers State to an undisclosed area.

This relocation has triggered the anger of most investors who are yet to receive their monthly returns as stated in the memorandum of understanding.

Investors Panic

The investors who are owned two to three months ROI have besieged the company’s offices in different towns such as Port Harcourt Waterlines office to demand for their money.

It was also learnt that the Owerri office of the company has been shut down while staff have gone into hiding over the fears of attack. And it was also reported that the office in Abuja was besieged by investors who reportedly seized a vehicle belonging to the company.  

However, the company has employed delay tactics, claiming to have migrated to a new platform which caused its inability to pay.  The company also claimed that funds were seized by banks due to incomplete documentations.

Nevertheless, the company has assured investors to be calm and hopeful that MBA cannot crash because it is not a Ponzi scheme.

The leading online financial institution has stayed for few years without any stain on it brand with over 10 thousand active investors, more than 10 business locations in Nigeria, and his new offices in the United Arab Emirates (UAE) and the United Kingdom (UK).

MBA Goes On Break

Yesterday being the , 21st December 2020, MBA forwarded text message to investors notifying them that the company will be going on Christmas break and will return on 5th January 2021.

leaving investors to their fate.

Question

What are your views?

Kindly share your views with us via the comments session.

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