Mba Forex Latest News 2021

The aggrieved investors of MBA Trading and Capital Investment Limited in Rivers Country, a forex company, take met with officials of the Central Banking concern of Nigeria (CBN) to know the outcome of its investigation into their funds.

SaharaReporters had reported last month that the disgruntled MBA forex traders stormed the offices of the Economical and Fiscal Crimes Commission (EFCC) and Central Depository financial institution of Nigeria over the delay to recoup their capital and return on investment (ROI).

They have written several petitions confronting MBA Trading and Capital Investment Limited, a forex grooming and capital investment company, and its Executive Officer, Maxwell Odum, who is at present at large over their disability to pay capital and ROI to investors.

The amount involved is said to be about one hundred and 70-one billion naira (N171,128,219,041).

However, the latest of their activeness was the meeting they had on Tuesday with the CBN representatives.

Some of the MBA investors disclosed this to SaharaReporters on Thursday.

SaharaReporters learnt that the meeting was based on their request for the outcome of 180-24-hour interval investigation period on MBA trading and capital letter investment limited accounts which received over N171bilion from Nigeria investors.

The CBN representatives in the meeting with MBA Investors delegation assured investors that the CBN felt their pains and the apex bank would not relent in doing everything in its capacity to make investors become back to their invested capital. Scandal Investment Fraud: Aggrieved Investors In MBA Trading Express Protest Over Alleged N171billion Fraud 0 Comments seven Months Agone

Ane of the affected investors said the CBN was aware of the guild granted by the court to investigate MBA finances for 180-day had elapsed on Baronial 11, 2021, just the instance was in court and more Investors had sued the CBN and MBA.

The legal department of the apex bank confirmed that the investigation had not been finalised every bit a issue of the ongoing litigations otherwise the apex banking concern would have concluded its investigation without these numerous litigations from interested parties stating that the apex banking concern could not preempt the court.

Speaking on behalf of the aggrieved investors, Mr Henry Senibo said the CBN but approached the Federal Loftier Court for an interim court society to stop all debit transactions from MBA accounts for 180 days pending the outcome of the said investigation.

"CBN did not sue MBA in court and then it cannot say it has not ended its investigation as a upshot of numerous litigations from investors. MBA investors are in poor conditions, and some investors have lost their lives as a result of this awaiting result," Senibo said.

He farther stated that from the information gotten from those who took CBN to court, information technology was revealed that what was frozen in MBA accounts past the banking concern was non more than two hundred twenty million naira.

"We wonder why the apex banking concern cannot conclude its investigation within the stipulated time frame granted by the courtroom," Senibo added.

The MBA investors' spokesperson for the grouping added that they had decided to carry out a non-terminate protestation to the CBN offices nationwide until the bank made its investigation known to investors.

He farther enjoined the affected investors to cease litigation and then as to not compound the already compounded issues on basis as advised by the legal department of the apex bank.