As investors continue to demand for their money back, MBA trading and capital investment limited, the parent company of MBA Forex has shut down operations nationwide.
The company which has been mired in financial distress in a statement said it had shut down operations and would resume in January 2021.
Despite promising to pay investors their two months Return On Investment before Christmas, checks by theportcitynews revealed that the company has paid no one but has swiftly shut down its offices due to fear of mob attack on staffers.
Theportcitynews had last week reported that the ponzi scheme had crashed leading to the inability of the company to pay ROI for the two months. However, the company denied the report, saying it was going through a phase.
But the company in an email to its investors said “We wish to express our apologies for all inconveniencels) caused as a result of the delayed payments.
“We assure you that NO return or capital will be lost as we speedily work towards resolving all delays and we solicit for your patience as we work towards a better service in 2021.
” We also wish to bring to your notice that due to the holidays, our offices will be closed from the 21 day of December and will begin operation for the new year on the 5th day of January, 2021.
“Payments and validations will still be ongoing during the break” .