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MBA Forex Boss Declared Wanted By EFCC

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NAIJA NEWS: MBA Forex Boss Declared Wanted By EFCC [New Naija News] » Naijacrawl
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After his failure to return the capital raised by his clients, Mr Maxwell Chizi Odum, the founder and chief executive of MBA Trading and Capital Investment Limited, otherwise known as MBA Forex, has been declared wanted by the Economic and Financial Crimes Commission (EFCC).



This was made public in a statement issued by the Head of Media and Publicity of the EFCC, Mr Wilson Uwujaren, confirmed this development on Wednesday.

According to the anti-graft agency, the self-acclaimed investor is wanted for allegations bordering on fraud to the tune of N213.0billion.

Members of the public with vital information that could lead to his arrest have been urged to make them available. His last known address, the EFCC said, was in Port Harcourt, Rivers State.

“The general public is hereby notified that Maxwell Chizi Odum, a.k.a. Mba Trading And Capital Investment Limited, whose photograph appears above, is wanted by the Economic and Financial Crimes Commission (EFCC) in an alleged case of conspiracy, obtaining money by false pretence and money laundering to the tune of N213,000,000,000.00 (Two Hundred and Thirteen Billion Naira) only.

“Odum is a native of Ikwerre in Obio-Akpor Local Government Area, Rivers State. His last known address is at 7, Odum Street, Elekahia, Port Harcourt, Rivers State.

“Anybody with useful information as to his whereabouts should please contact the commission in its Benin, Kaduna, Ibadan, Sokoto, Gombe, Maiduguri, Makurdi, llorin, Enugu, Kano, Lagos, Gombe, Port Harcourt and Abuja offices or through these numbers 09-9044751-3, 08093322644, 08183322644, 070-

26350721-3, 070-6350724-5; its e-mail address: [email protected] or the nearest Police Station and other security agencies,” the statement stated.

Recall that about nine months ago, MBA Forex claimed it has been unable to refund funds of investors to them because of the actions taken by the Central Bank of Nigeria (CBN).

The firm, which is involved in foreign exchange (forex) trading and investment in capital investment, said the banking sector regulator in Nigeria “suspended any dealings in our [bank] accounts.”

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Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

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