The Nigerian Economic and financial crime commission (EFCC) has declared the CEO of the crashed MBA forex known as Maxwell Odum highly wanted for an alleged fraud up to $518.3m which very many investors across the state have invested into the Forex capital investment business. This is as a result of series of protests at the EFCC's office in Abuja by aggrieved Nigerians to protect Nigerian investors from dangerous scammers whom they likened to be equal to a terrorist.
The Nigerian Economic and Financial Crimes Commission (EFCC) has finally declared the founder of the Crashed MBA FOREX in Nigeria known as Maxwell Odum highly wanted for alleged fraud up to $518.3m which very many investors across the state have invested into the Forex capital investment business.
According to the anti-graft agency, the self-acclaimed investor is currently wanted for allegations bordering on fraud to the tune of N213 billion which different Nigerians and other investors have invested with him.
Hence the Financial crime commission further invited all Nigerian citizens with vital information that could lead to his arrest to make them available immediately. As posted by the EFCC media and publicity secretary: 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.
According to the details released by this body:
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.
Continuing the report stated: “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: info@efccnigeria.org or the nearest Police Station and other security agencies,” the statement stated.
Earlier in the month of March after the clash of the company, the CEO has claimed that he has been unable to refund their investors due to the new policies of the Central Bank of Nigeria (CBN) towards Forex traders which included freezing of accounts related to Forex trading.
Hence, the Forex exchange firm, which is involved in foreign exchange (forex) trading and investment in capital investment, sadly informed Nigerians that the banking sector regulator in Nigeria (CBN) has “suspended any dealings in our [bank] accounts.” Mr Maxwell Odum, further added that “All other payment gateways we normally use for the easy payout of funds have also [been] blacklisted.”
Hence, “we are currently unable to pay back some of our investors the money they have invested with us at this point.” Odum further explained that the apex bank said it blocked the companys bank accounts “to carry out some checks to ensure that we have been acting lawfully.”
Nevertheless, the CEO of MBA Forex on his part had assured all their investors not to panic that all those who invested in the firm would get their funds back as the “process has already commenced while some have already received their funds.”
Failure to fulfill this promise had caused great revolt and protest from Nigerians who invested hugely with the firm.
Recall that earlier in the month of September, the aggrieved MBA forex investors stormed the offices of the Economic and Financial Crimes Commission (EFCC) and Central Bank of Nigeria over the delay to recoup their capital and return on investment and to bring the founder to face the law.
At present the young CEO and alleged fraudsters is at large without any to account for his present location. Probably toeing the part of escape of dangerous fraudsters and terrorists. We hope the economic and financial crime commission would grant full justice to defrauded Nigerians and bring the young CEO to repay all her investors especially those who have invested up to $500,000.