Father of six dies of heart attack after collecting loan to invest in MBA forex

Florence Uwaeme

A father six, Clinton Igwegbe has died from heart attack over borrowed funds trapped in the recently crashed MBA forex.

The ponzi scheme which promised 15 percent return on investment has been in the news lately for various reasons after it crashed in November leaving investors’ funds hanging in the limbo.

According to court documents filed by the Central Bank of Nigeria seeking the freezing of the company’s 39 naira and 8 dollar accounts, Port Harcourt residents were the highest investors in the scheme with over 43.45 percent of the total investments made to the company.

Nigerians invested a total of N171 billion in the scheme.

48-year-old Clinton Igwegbe, resident of Igwuruta in Ikwerre Local government Area in Rivers state died of heart attack as creditors demanded the payback of the over 4 million he borrowed to invest in the scheme, family sources said.

His wife, Adanna said her late husband who sells electricals had a heart attack after news broke that the scheme had crashed.

She said that pressure mounted on him by his creditors to pay back the loan complicated his health issues.

The tearful widow said her husband only received return on investment once before the scheme crashed, adding that she is left to cater for six children all alone.

Recall that another investor in the scheme committed suicide in Uyo after dumping his sister’s 53 million in the scheme.