By Eric Olusesan
Some aggrieved MBA Forex and Capital Investment investors supported by The coalition of Rivers State Civil societies , yesterday staged a peaceful protest to the South-South Zonal office of the Economic and Financial Crimes Commission (EFCC), in Port Harcourt, the Rivers State capital.
MBA, an investment company had promised its investors 15% monthly return on investment for a minimum deposit of N350,000, kept to it until October, 2020 when they ran into trouble waters following alleged mismanagement of the funds by its chaiman/CEO Maxwell Weli Odum.
At the protest in Port Harcourt, the investors appealed to the EFCC to help them recover their capital and to prosecute the embattled Odum for fraud.
Shortly after a meeting with the South-South Zonal director of the EFCC, the leader of the protesters, Christian Agadaga, said the Central Bank of Nigeria (CBN), revealed that MBA Forex has over N171 billion of investors’ money in its account.
On his part, the Chairman of the Rivers State Civil Society Organizations, Enefaa Georgewill who was in solidarity with the investors, urged them to give the EFCC time to handle the case.
According to a document obtained by our correspondent, the CBN, investors from Port Harcourt alone made up 43.45 per cent of the total investors in the MBA.