The CEO of MBA Forex Trading And Investment Company, Maxwell Weli Odum, might be in serious trouble as security agencies have launched an investigation into the dealings of the scheme.
It would be recalled that Odum founded the company in 2016 and attracted a huge customer-base by promises over 15 percent return on investment monthly, a return financial experts said was not possible anywhere in the world.
The scheme which crashed in November has left thousands of investors in anguish, and thoughts of ever getting their money back seem far-fetched.
Though the company has continued in its empty promises of returning capital to investors. As more and more days go by, investors have continued to agitate for the return of their capital running into hundreds of billions of naira.
A source revealed that the Abuja police command has received a petition signed by over 50 investors demanding a refund of initial capital amounting to more than 400 million naira.
The investors also petitioned the Department of State Security, DSS over the actions of the company.
The source added that the petitioners also demanded an investigation into the activities of Maxwell.
The investors had last week invaded the premises of the company in Abuja and seized a safe containing vital documents about the company’s transactions.
In the video which surfaced online, the investors were seen confronting a representative of the trading company who was at the office to take away the safe.
However, DSS and Police officers intervened and the safe was taken to the office of the Secret Police to help it in its investigation.
Attacks on the staff of the company has become a norm since the scheme ran into trouble waters and failed to pay Return on Investment since November.
The investors are lamenting that the man in question, Maxwell Odum is living in affluence after defrauding investors.
Some of the investors, said they invested in the company because of some promotional publications by major news outlets in the country.
The investors claimed that Odum now lives in affluence on investors’ money and owns over 200 plots of land that are being developed, including 130 plots allegedly bought around Sani Abacha Road in Port Harcourt, Rivers State.
They also claimed that Odum was the highest donor in his church, Christ Embassy, last year, donating N1 billion to the church.