As investors continue to agitate for the return of their capital running into hundreds of billions in the MBA Forex Trading And Investment Company, Nigerian security agencies have launched an investigation into the dealings of the scheme, according to Standard Observers.
The scheme which crashed in November has left thousands of investors in anguish, with the company continuing in its empty promises of returning capital to investors.
A source told our correspondent that the Abuja police command has received a petition signed by over 50 investors demanding a refund of initial capital amounting to more than 400 million naira.
The investors also petitioned the Department of State Security, DSS over the actions of the company.
The petitioners, according to the source, also demanded an investigation into the activities of the founder of the trading company, Maxwell Weli Odum.
The investors had last week invaded the premises of the company in Abuja and seized a safe containing vital documents about the company’s transactions.
In the video which surfaced online, the investors were seen confronting a representative of the trading company who was at the office to take away the safe. However, DSS and police officers intervened and the safe was taken to the office of the secret police to help it in its investigation.
Attacks on the staff of the company has become a norm since the scheme ran into trouble waters and failed to pay Return on Investment since November.
Odum founded the company in 2016 and attracted a huge customer-base by promises over 15 percent return on investment monthly, a return financial experts said was not possible anywhere in the world.