Victims Of Fraudulent Money-making Scheme Storm Christ Embassy Church In Port Harcourt, Demand Refunds
The aggrieved investors stormed the church, asking its management to refund all the tithes and donations paid by MBA CEO, Maxwell Odum.
by SaharaReporters, New York
May 03, 2021
Investors of MBA capital and trading limited, a forex training and capital investment company, on Sunday, stormed Christ Embassy Church at Rumuigbo, Port Harcourt, Rivers State.
The aggrieved investors stormed the church, asking its management to refund all the tithes and donations paid by MBA CEO, Maxwell Odum.
A Twitter user, @Tutsy22 tweeted on Monday, “Maxwell Odum N171 billion fraud: He scammed over 70,000 investors using MBA Trading and Capital investments. The investment company which promised 15% ROI for deposits starting from N350,000.
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The business of foreign exchange, otherwise known as forex, has experienced boom in recent times with many choosing to invest with forex traders. However, many of the traders go under after a few months and have attracted the fraud tag from Nigerians. KOLA MUHAMMED, in this report, examines the nitty gritty of forex trading, experience of its practitioners and investors as well as the state of governmental regulation on the trade.
“This is not MMM, it is completely different. On this platform, you invest money and your money will be used to trade. You then get commission from the profit that your money has been attracted.
The Economic and Financial Crimes Commission (EFCC) has warned Nigerians against investing their money in fraudulent investment schemes that promises high returns to investors.
Bashorun Olurombi
“Let us begin by thanking you for your massive patronage and that we would like to let you know that we appreciate you as business partners who put your hard-earned money in our care for the purposes of business.
“As a business concern, the only asset we have and the one we most cherish is your trust. That is why we are relentlessly dedicated to ensuring that whatever happens, we hold tenaciously to this trust. There is no business worth pursuing and no joint purpose worth hoping on once trust is lost.
“So, again, we thank you for entrusting us with your money. Trust once broken may never be regained and so we never on any occasion took this hard earned currency for granted.”
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