The destiny of more than 3,000 financial specialists of an exchanging organization known as MBA Forex in Port Harcourt, Rivers State is yet to be determined over supposed breakdown of the firm.
Numerous speculators censured the company's inability to satisfy its arrangement of delivering them their month to month profits that rely upon singular venture for October, November and December.
Our journalist who visited the organization's impressive office situated at Waterlines transport stop, Aba Road saw that the entryway was shut, with no indication of movement going on there.
A woman who was the lone individual seen situated inside the organization's compound told our journalist that the spot had been shut since Monday.
At the point when our journalist who camouflaged as a speculator questioned the postponed installment, she stated, "Don't stress you will be paid. In the event that you paid on the web, your cash will be in your wallet. Simply show restraint."
In the interim, the organization in an instant messages to its financial specialists acquired by our journalist said the organization had shut for the year.
The message peruses, "MBA Trading: Dear Investor, We wish to advise you that our workplaces will be shut for Christmas occasion from the 21st of December 2020, and will start activities for the New Year on the fifth of January, 2021."
It was additionally assembled that one reason for the deferred installment was on the grounds that the administrator had guaranteed he contributed around 90% of speculators' assets with an unfamiliar accomplice where he holds 10% offers however was trusting that the exchanges will be smoothed out.
On edge speculators who held up to no end after their records were not credited over the most recent two months raged the company's premises to request clarification yet there was nobody to take care of them as the entryway had been shut.
One of the speculators, Chibuike Amaike, who professed to have paid in two separate bundles said he was being owed for a quarter of a year.
"They owe me for a quarter of a year. I contributed on 29th September. So I should gather on October 29, however they didn't pay. They didn't pay for November 29 and this December, however it isn't yet 29, yet there is no sign that they will pay. On the off chance that you go there now their office is even bolted.
"I called a portion of my companions who are speculators as well. They said the one that was expected on the fourth of this current month (December), till now they (the firm) have not paid.
"At the point when you contribute on November fourth, for instance, you should gather on December fourth, however in some cases it delays for a couple of days. I have two speculation with them, N360, 000 in July and N360, 000 in September. In spite of the fact that the July own, they paid me August, September, October. That was the point at which they halted.
"In any case, the second speculation I did on 29th September, I have not gathered a dime and in the event that they don't pay this 29th it will make three months," he clarified.
Approached if the organization gave purposes behind the deferral in installment, he stated, "All things considered, they advised us on first seven day stretch of November that because of a consolidation with WCB, an organization in United Kingdom, assuming control more than 90% portions of the organization.
"That they won't pay in November and that we should give them contract augmentation of one month. Everyone concurred. Yet, they said from first of December they will begin paying. They should have begun installment from sixth December and individuals have been whining in light of the fact that they are not paying.
"As it is presently, my arrangement is that in the event that they open on January 5, I will fill a type of end. They should give me back my cash. They even said on the off chance that it isn't up to the month you did the agreement, as I did one six months and another year. That in the event that it isn't up to that they will gather 10%. I wouldn't fret. They should take 10% and give me back my cash."
Another client who didn't need her on paper stated, "They said we should show restraint, that we will before long get our alarm for a quarter of a year. At the point when I went to the spot on Wednesday, the entryway was shut and no one to take care of us.
"I contributed N360, 000 and I get ready of N60, 000 consistently. Yet, since September, I lack a dime. I know individuals that contributed 1,000,000 and a large portion of 1,000,000. What are they going to do now?" a female financial specialist deplored.
Endeavors to arrive at the Chief Executive Officer of MBA Trading Capital Investment Limited, Mr. Maxwell Odum, demonstrated unsuccessful as his cell phone was turned off.
At the point when one client said the man was not in the nation, our journalist sent a WhatsApp message to him yet didn't get any reaction at the hour of recording this report.
When reached, representative of the State Police order, Nnamdi Omoni, stated, "Have they answered to the police?
'We don't know for the present. On the off chance that they have any issue, they ought to do a conventional report to the order and we realize what to do."
Head of Corporate Communications at the Securities and Exchange Commission, Efe Ebelo, told our journalist that MBA Forex was not enlisted with the administrative office.
She said SEC had in June repudiated the organization and cautioned people in general against executing any business with it.
The assertion in June made accessible to our journalist recorded MBA Forex and 11 others as ponzi plans.
Here are the ponzi plans recorded by the SEC.
Loom Nigeria Money
Box Value Trading Company Ltd
Presently Now Alert
Flip Cash Investment
Result Investment Nigeria Limited
Assistance and Investment
No Failure Development and Empowerment Nig. Ltd
MBA Forex and Investment Ltd
Combine Investors Trading Company
Jamalife Helpers Global Ltd
Flexus Global Solutions and Investment Ltd
Joined Capital Investment Company Limited
Enter your comment...at poster....u don't even know how to lie. maybe you should try again later....NBA jux paid me yesterday...they are on holiday..to resume on the 5th January,2021. They are merging with bigger companies in UAE and UK. so stop fooling URSELF. haahaaahaaa
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