VIDEO: Victims Of Fraudulent Ponzi Scheme Storm Christ Embassy Church Demand Refunds

 164 total views,  2 views today

VIDEO: Victims Of Fraudulent Ponzi Scheme Storm Christ Embassy Church Demand Refunds

VIDEO: Victims Of Fraudulent Ponzi Scheme Storm Christ Embassy Church Demand Refunds

Investors of MBA capital and trading limited, a forex training and capital investment company on Sunday, stormed Christ Embassy Church at Rumuigbo, Port Harcourt, Rivers State.

The aggrieved investors stormed the church, asking its management to refund all the tithes and donations paid by MBA CEO, Maxwell Odum.

A Twitter user, @Tutsy22 tweeted on Monday, “Maxwell Odum N171 billion fraud: He scammed over 70,000 investors using MBA Trading and Capital investments. The investment company which promised 15% ROI for deposits starting from N350,000

“Odum was the highest donor in his church, Christ Embassy, last year, donating N1 billion.”

Meanwhile, some investors of the company, who spoke with SaharaReporters in February alleged how major stakeholders in the company committed fraud.

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 biggest donor in his church, Christ Embassy, last year, donating N1 billion to the church.

Some of the investors, who spoke with SaharaReporters, said they invested in the company because of some promotional publications by major news outlets in the country.

It was also gathered that the company, headed by Maxwell Odum, is registered with the Corporate Affairs Commission and the Special Control Unit Against Money Laundering.

In media reports dated August 21, 2019, the Chairman, Anti-Corruption and Transparency Monitoring Unit, Presidential Villa, Alhaji Ahmad Sulaiman, was quoted as saying, “They (MBA) have come to us and we have assessed them. They want to be an advocate of not only the business they are doing but the anti-corruption and transparency drive of this government.

“They wrote to us and we assessed them. We asked them to go through ICPC (Independent Corrupt Practices and Other Related Offences Commission) to train their staff; they’ve also registered with the Central Bank of Nigeria, CPC (Consumer Protection Council), and other regulatory agencies. When we assessed them, we realised they are credible, ethical, and want to do serious business tailored to the policy of the current administration.”


No Comment Yet

Comments are closed.