Dennis Naku, Port HarcourtThe destiny of over three thousand buyers of a buying and selling firm generally known as MBA Foreign exchange in Port Ha
Dennis Naku, Port Harcourt
The destiny of over three thousand buyers of a buying and selling firm generally known as MBA Foreign exchange in Port Harcourt, Rivers State is hanging within the stability over alleged collapse of the agency.
Many buyers decried the agency’s failure to fulfil its settlement of paying them their month-to-month dividends that rely upon particular person funding for October, November and December.
Our correspondent who visited the corporate’s imposing workplace positioned at Waterlines bus cease, Aba Street noticed that the gate was closed, with no signal of exercise occurring there.
A woman who was the one particular person seen seated inside the corporate’s compound advised our correspondent that the place had been closed since Monday.
When our reporter who disguised as an investor queried the delayed cost, she mentioned, “Don’t fear you’ll be paid. In case you paid on-line, your cash can be in your pockets. Simply be affected person.”
In the meantime, the corporate in a textual content messages to its buyers obtained by our correspondent mentioned the corporate had closed for the 12 months.
The message reads, “MBA Buying and selling: Pricey Investor, We want to inform you that our workplaces can be closed for Christmas vacation from the 21st of December 2020, and can start operations for the New 12 months on the fifth of January, 2021.”
It was additional gathered that one of many causes for the delayed cost was as a result of the operator had claimed he invested about 90 per cent of buyers’ funds with a overseas companion the place he retains 10 per cent shares however was ready for the transactions to be streamlined.
Anxious buyers who waited in useless after their accounts weren’t credited within the final two months stormed the agency’s premises to demand rationalization however there was nobody to take care of them because the gate had been closed.
One of many buyers, Chibuike Amaike, who claimed to have paid in two separate packages mentioned he was being owed for 3 months.
“They owe me for 3 months. I invested on 29th September. So I’m supposed to gather on October 29, however they didn’t pay. They didn’t pay for November 29 and this December, although it isn’t but 29, however there isn’t a signal that they are going to pay. In case you go there now their workplace is even locked.
“I referred to as a few of my pals who’re buyers too. They mentioned the one which was due on the 4th of this month (December), until now they (the agency) haven’t paid.
“If you make investments on November 4th, for instance, you’re supposed to gather on December 4th, although typically it delays for one or two days. I’ve two funding with them, N360, 000 in July and N360, 000 in September. Although the July personal, they paid me August, September, October. That was after they stopped.
“However the second funding I did on 29th September, I’ve not collected a dime and in the event that they don’t pay this 29th it can make three months,” he defined.
Requested if the corporate gave causes for the delay in cost, he mentioned, “Properly, they advised us on first week of November that resulting from a merger with WCB, an organization in United Kingdom, taking up 90 per cent shares of the corporate.
“That they won’t pay in November and that we must always give them contract extension of 1 month. Everyone agreed. However they mentioned from 1st of December they are going to begin paying. They’re presupposed to have began cost from sixth December and folks have been complaining as a result of they don’t seem to be paying.
“As it’s now, my plan is that in the event that they open on January 5, I’ll fill a type of termination. They need to give me again my cash. They even mentioned if it isn’t as much as the month you probably did the contract, like I did one six months and one other one 12 months. That if it isn’t as much as that they are going to acquire ten per cent. I don’t thoughts. They need to take 10 per cent and provides me again my cash.”
One other buyer who didn’t need her in print mentioned, “They mentioned we ought to be affected person, that we’ll quickly get our alert for 3 months. After I went to the place on Wednesday, the gate was closed and no one to take care of us.
“I invested N360, 000 and I get alert of N60, 000 each month. However since September, I’ve not obtained a dime. I do know those who invested a million and half 1,000,000. What are they going to do now?” a feminine investor lamented.
Efforts to succeed in the Chief Govt Officer of MBA Buying and selling Capital Funding Restricted, Mr. Maxwell Odum, proved abortive as his cell phone was switched off.
When one buyer mentioned the person was not within the nation, our correspondent despatched a WhatsApp message to him however didn’t get any response on the time of submitting this report.
When contacted, spokesman of the State Police command, Nnamdi Omoni, mentioned, “Have they reported to the police?
‘We’re not conscious for now. If they’ve any challenge, they need to do a proper report back to the command and we all know what to do.”
Head of Company Communications on the Securities and Change Fee, Efe Ebelo, advised our correspondent that MBA Foreign exchange was not registered with the regulatory company.
She mentioned SEC had in June disowned the corporate and warned the general public towards transacting any enterprise with it.
The assertion in June made accessible to our correspondent listed MBA Foreign exchange and 11 others as ponzi schemes.
Listed here are the ponzi schemes listed by the SEC.
- Loom Nigeria Cash
- Field Worth Buying and selling Firm Ltd
- Now-Now Alert
- Flip Money Funding
- End result Funding Nigeria Restricted
- Serving to Hand and Funding
- No Failure Growth and Empowerment Nig. Ltd
- MBA Foreign exchange and Funding Ltd
- Federate Buyers Buying and selling Firm
- Jamalife Helpers International Ltd
- Flexus International Options and Funding Ltd
- United Capital Funding Firm Restricted
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