MBA trading and capital investment limited has confirmed reports by theportcitynews.com that the scheme has crashed, after weeks of denial.
Theportcitynews had in December 2020 reported that the scheme crashed following the inability of the company to pay Return on Investment to its investors for two months.
The company was said to have gone into deep financial crisis due to lack of sustainability of the plan which promised 15 percent return on investment.
After the initial report by theportcitynews, the company debunked the report, claiming that it would pay all due Return On Investment before 25th December. However, it failed.
Investors in Port Harcourt and other cities had stormed the offices of the trading firm only to meet them empty.
But in a final admittance to the crashing report, the company said it would refund investors their money starting from January 2021.
According to the company “Due to some internal issues, all roi payments have been halted.
” Capital refund for investors will commence this month of January.
Details will be communicated on refund procedures”.
Thanks for your patience and understanding.