Financial and Monetary Crimes Fee [EFCC] say Maxwell Odum dey needed for alleged $518.3m fraud.
Maxwell Chizi Odum wey be MBA foreign exchange CEO dey concerned in a case of conspiracy, acquiring cash by false pretence and cash laundering, EFCC tok.
Di Nigerian wey be native of Elekahia city in Port Harcourt allegedly trick pipo to di tune of 213 billion Naira, EFCC announce.
One among di buyers for MBA Foreign exchange, John Paul Uzo inform BBC Pidgin say im make investments 4 million, 5 hundred thousand naira for MBA Foreign exchange as a way to get anoda supply of earnings for im household.
However e no tay after im make investments di cash for June 2020, di scheme crash for November identical yr.
“Wetin EFCC do na welcome improvement as a result of na one thing we don dey push for, for a very long time and now wey dem don do am, we completely happy properly properly.”
Oga Uzo na di secretary of Victims of MBA Foreign exchange, a gaggle wey don do a lot protest waka to goment businesses like Division of State Safety, EFCC and Central Financial institution of Nigeria CBN.
Dem do demonstration to demand make dem take motion and assist dem get well dia cash dem make investments for MBA Foreign exchange.
Im say dis one give dem small hope say dem go match get well dia cash wey dey trapped inside as a lot of dem dey endure properly properly.
“Na 50/50 likelihood as a result of e go get by some course of as goment now go step in and cost am go courtroom.
“So na di courtroom go resolve weda di cash go go to Goment or di buyers however we get hope say we di buyers go profit at di finish of di day.”
Investor allege say ‘MBA Foreign exchange na massive fraud proper from di basis’
John Paul Uzo declare say many pipo wey make investments for MBA Foreign exchange dey severe misery now.
Dis, in accordance Uzo, na as a few of dem put all dia life financial savings, some even borrow cash from financial institution put dia and now a lot of dem don enter massive gbese as dia companies don shut.
And plenty of households don scatter sake of dis and dem dey remorse bitterly. E add.
Im allege say di complete funding scheme dey primarily based on fraud proper from di starting as EFCC don uncover.
Acquiring cash by false pretence and cash laundering na crime for Nigeria and e threat jail time period.
“We don uncover say MBA Foreign exchange na fraud proper from di basis. Even EFCC sef don discover out say evritin about di enterprise dey primarily based on fraud.
“Di one wey dem say Courtroom freeze im account no get impact as a result of we discover out say no cash dey inside these accounts dem freeze.
“And even di ones wey cash dey, e dey very small in comparison with di sum of money pipo make investments.
So dat one present say di man comot all di cash wey bin dey inside these accounts so e go arduous for pesin to find di precise quantity as a result of e scatter am for various accounts wey pipo no know.” Im tok.
Di testimonials from oda buyers ni am persuade me to take a position’
John Paul Uzo say wetin make in make investments for MBA Foreign exchange na di testimony wey odas wey bin don make investments give about dia funding say e dey pay properly.
“We no suspect anytin as we dey make investments. Most of di tins im inform us – each clarification from EFCC, CBN, Transparency Worldwide and di oda pipo im convey to testify for a few of im seminar all na lie! Dem stage handle am end.”
Uzo add say anoda level na say dem handle di platform properly for 4 years so oda buyers wey don make investments earlier.
“Dat na two, three years earlier than, come turn out to be im unpaid entrepreneurs wey persuade odas as dem don get return of dia funding, so e straightforward to steer odas say e dey pay.
“After Covid-19 wey im nonetheless dey pay, pipo come get a lot belief for di scheme so some pipo liquidate dia account.
“Odas promote dia property, some even go borrow cash from micro-finance banks to take a position.
“Dis go inform you how a lot pipo bin belief di system solely to seek out out say all na massive fraud.”
Maxwell Odum Chizi Biography
Maxwell Odum na Nigerian entrepreneur, from Elekahia group for Port Harcourt, Rivers State.
In response to EFCC, im final recognized handle na 7 Odum Road, Elekahia Port Harcourt.
Im be di Managing Director of MBA Foreign exchange and Capital Funding Restricted wey dey into Foreign currency trading and coaching.
On 28 April, 20219 Christ Embassy Port Harcourt Zone 1 Boundless Grace Church want am Glad Birthday.
Di message dem publish for dia fb web page present say im match be member of Christ Embassy wey be Chris Oyakhilome church.
MBA Foreign exchange dey registered with Company Affairs Fee and di Particular Management Unit Towards Cash Laundering and dem bin din dey function for 4 years earlier than dem shut down for December, 2020.
For dia Fb web page, dem declare say dem dey licensed fraud free to do enterprise for Nigeria by di Financial and Monetary Crimes Fee EFCC.
Penalty Maxwell Odum Chizi go face
For di Legal Code Act (2004), di offence of acquiring by False Pretences dey proscribed.
Dis crime dey for sections 419, 419A, 419B, 420, 421, 422, and 423 of di Legal Code Act.
E state say any pesin, by false pretence, and with di intent to defraud one other pesin, and accumulate from dat oda pesin something dem match steal, or advise any oda particular person to ship to any oda pesin something dem match tiff, or get credit score by false pretences or by oda form of fraud, don commit offence.
And di pesin dey liable upon conviction to imprisonment for a time period of three to seven years.
‘MBA Foreign exchange no ever dey registered with us’ – SEC Nigeria
Di Securities and Change Fee SEC Nigeria additionally make clear say MBA Foreign exchange no ever dey registered with dem.
Head of Investigation and Enforcement of di Safety and Change Fee, Port Harcourt Department, Enebeli Sussy Sulukwe for Might 2021 clarify say;
MBA Foreign exchange bin attempt to register wit dem however dem fail to satisfy dia registration necessities.
And dem dey amongst di market operators wey SEC checklist for dia web site as a kind of wey dey function illegally. Sulukwe tok
“MBA Foreign exchange don dey SEC web site for over a yr with a warning to di common public to beware, so no, dem no dey registered with di SEC.”
Di Madam for Investigation and Enforcement of SEC Port Harcourt Department, emphasise say, di fee no ever endorse any scheme wey don crash for Nigeria at the moment.
And so make pipo do dia due diligence, shine dia eyes well-well earlier than dem put dia cash for any funding, Enebeli Sussy Sulukwe tok.
“Make I make am very clear, di Securities and Change Fee no endorse any scheme wey don crash for Nigeria at the moment.
“I dey inform you di truth say, any of such schemes wey declare say dem registered wit SEC dey tok lie. Dem go go about dey present pipo faux registration paperwork.
“We really get these schemes listed for our web site as ponzi schemes.” She tok.
Pipo wey make investments for MBA Foreign exchange don do a number of protest waka to EFCC, DSS and even di Pentocostal Church wey Maxwell Odum dey attend, dey ask dem to inform Odum to pay dem again di cash dem make investments for im enterprise.