Maxwell Odum: MBA Forex CEO dey Economic and Financial Crimes Commission wanted list

Maxwell Odum: MBA forex CEO dey Economic and Financial Crimes Commission wanted list

Wia dis foto come up from, Other

Economic and Financial Crimes Commission [EFCC] say Maxwell Odum dey wanted for alleged $518.3m fraud.

Maxwell Chizi Odum wey exist MBA forex CEO dey involved in a example of conspiracy, obtaining money past imitation pretence and money laundering, EFCC tok.

Di Nigerian wey exist native of Elekahia boondocks in Port Harcourt allegedly play tricks pipo to di tune of 213 billion Naira, EFCC announce.

One of di investors for MBA Forex, John Paul Uzo tell BBC Pidgin say im invest four one thousand thousand, five hundred thou naira for MBA Forex every bit a ways to get anoda source of income for im family.

But e no tay after im invest di coin for June 2020, di scheme crash for November same year.

"Wetin EFCC do na welcome development considering na something nosotros don dey push for, for a long time and now wey dem don practise am, we happy well well."

Oga Uzo na di secretary of Victims of MBA Forex, a grouping wey don do enough protestation waka to goment agencies like Department of State Security, EFCC and Key Banking concern of Nigeria CBN.

Dem practise sit-in to need make dem take activity and help dem recover dia coin dem invest for MBA Forex.

Im say dis ane give dem pocket-size hope say dem go fit recover dia money wey dey trapped within as many of dem dey suffer well well.

"Na 50/50 chance because e go get through some process every bit goment now get footstep in and charge am become court.

"So na di court go decide weda di money go get to Goment or di investors but nosotros go hope say nosotros di investors get benefit at di stop of di day."

Wetin nosotros call dis foto,

EFCC don declare Maxwell Odun wanted for N213bn fraud

Investor allege say 'MBA Forex na big fraud right from di foundation'

John Paul Uzo claim say many pipo wey invest for MBA Forex dey serious distress at present.

Dis, according Uzo, na every bit some of dem put all dia life savings, some even borrow money from banking concern put dia and now many of dem don enter big gbese equally dia businesses don close.

And many families don besprinkle sake of dis and dem dey regret bitterly. E add.

Im allege say di whole investment scheme dey based on fraud right from di beginning as EFCC don discover.

Obtaining coin by imitation pretence and money laundering na crime for Nigeria and e risk jail term.

"We don discover say MBA Forex na fraud right from di foundation. Fifty-fifty EFCC sef don find out say evritin about di business dey based on fraud.

"Di ane wey dem say Court freeze im account no get effect considering we detect out say no coin dey inside those accounts dem freeze.

"And even di ones wey money dey, e dey very small compared to di amount of coin pipo invest.

So dat one show say di man comot all di money wey bin dey inside those accounts so e get hard for pesin to discover di exact amount considering east besprinkle am for different accounts wey pipo no know." Im tok.

Wia dis foto come from, Facebook/Maxuell Odum

Di testimonials from oda investors ni am convince me to invest'

John Paul Uzo say wetin make in invest for MBA Forex na di testimony wey odas wey bin don invest give virtually dia investment say east dey pay well.

"We no doubtable anytin as we dey invest. Most of di tins im tell united states of america - both clarification from EFCC, CBN, Transparency International and di oda pipo im bring to testify for some of im seminar all na prevarication! Dem stage manage am stop."

Uzo add together say anoda point na say dem manage di platform well for iv years so oda investors wey don invest earlier.

"Dat na two, three years before, come become im unpaid marketers wey persuade odas every bit dem don go return of dia investment, and so e easy to persuade odas say e dey pay.

"After Covid-nineteen wey im nevertheless dey pay, pipo come go so much trust for di scheme so some pipo liquidate dia account.

"Odas sell dia property, some even go borrow money from micro-finance banks to invest.

"Dis get tell y'all how much pipo bin trust di system only to find out say all na large fraud."

Wetin we call dis foto,

Pipo wey invest for MBA Forex don protest to need recovery of dia uppercase

Maxwell Odum Chizi Biography

Maxwell Odum na Nigerian entrepreneur, from Elekahia community for Port Harcourt, Rivers State.

According to EFCC, im last known address na 7 Odum Street, Elekahia Port Harcourt.

Im be di Managing Director of MBA Forex and Upper-case letter Investment Limited wey dey into Forex trading and training.

On 28 April, 20219 Christ Diplomatic mission Port Harcourt Zone one Boundless Grace Church wish am Happy Birthday.

Di message dem mail for dia facebook folio show say im fit be member of Christ Diplomatic mission wey be Chris Oyakhilome church.

MBA Forex dey registered with Corporate Affairs Commission and di Special Control Unit Confronting Money Laundering and dem bin din dey operate for iv years before dem close downwards for December, 2020.

For dia Facebook page, dem claim say dem dey certified fraud gratis to do business for Nigeria by di Economical and Financial Crimes Commission EFCC.

Wia dis foto come from, EFCC

Penalisation Maxwell Odum Chizi go face

For di Criminal Code Deed (2004), di offence of obtaining past False Pretences dey proscribed.

Dis crime dey for sections 419, 419A, 419B, 420, 421, 422, and 423 of di Criminal Code Human activity.

Due east state say whatsoever pesin, by false pretence, and with di intent to defraud some other pesin, and collect from dat oda pesin anything dem fit steal, or advise whatsoever oda person to deliver to any oda pesin anything dem fit tiff, or get credit by false pretences or past oda kind of fraud, don commit offence.

And di pesin dey liable upon conviction to imprisonment for a term of three to seven years.

'MBA Forex no ever dey registered with usa' - SEC Nigeria

Di Securities and Exchange Commission SEC Nigeria also analyze say MBA Forex no e'er dey registered with dem.

Head of Investigation and Enforcement of di Security and Exchange Commission, Port Harcourt Co-operative, Enebeli Sussy Sulukwe for May 2021 explain say;

MBA Forex bin try to register wit dem but dem neglect to meet dia registration requirements.

And dem dey amid di market operators wey SEC list for dia website every bit 1 of those wey dey operate illegally. Sulukwe tok

"MBA Forex don dey SEC website for over a year with a warning to di general public to beware, so no, dem no dey registered with di SEC."

Di Madam for Investigation and Enforcement of SEC Port Harcourt Branch, emphasise say, di commission no ever endorse any scheme wey don crash for Nigeria today.

So brand pipo practice dia due diligence, shine dia eyes well-well before dem put dia money for any investment, Enebeli Sussy Sulukwe tok.

"Make I make am very clear, di Securities and Exchange Committee no endorse whatsoever scheme wey don crash for Nigeria today.

"I dey tell you di fact say, whatsoever of such schemes wey claim say dem registered wit SEC dey tok lie. Dem go get nigh dey evidence pipo faux registration documents.

"We really get those schemes listed for our website as ponzi schemes." She tok.

Pipo wey invest for MBA Forex don practice several protest waka to EFCC, DSS and even di Pentocostal Church wey Maxwell Odum dey attend, dey ask dem to tell Odum to pay dem dorsum di money dem invest for im business.