EFCC declares forex firm boss Maxwell Odum wanted over N213bn fraud - Punch Newspapers

The Economic and Financial Crimes Commission has declared the Chief Executive Officer of a Lagos-based forex training and capital investment company, MBA Capital and Trading Limited, Maxwell Odum, wanted over alleged fraud to the tune of N213bn.

The anti-graft agency in a notice on Wednesday appealed to members of the public with details of the whereabouts of Odum to report to any of EFCC offices nationwide or to security agencies. The notice, signed by the agency’s spokesman, Wilson Uwujaren, read, “The general public is hereby notified that MAXWELL CHIZI ODUM, A.K.A. MBA TRADING AND CAPITAL INVESTMENT LIMITED, whose photograph appears above, is wanted by the Economic and Financial Crimes Commission in an alleged case of Conspiracy, Obtaining Money by False Pretence and Money Laundering to the tune of N213,000,000,000.00 only.“His last known address is at 7, Odum Street, Elekahia, Port Harcourt, Rivers State.

“Anybody with useful information as to his whereabouts should please contact the Commission in its Benin, Kaduna, Ibadan, Sokoto, Gombe, Maiduguri, Makurdi, Ilorin, Enugu, Kano, Lagos, Gombe, Port Harcourt and Abuja offices…or the nearest Police Station and other security agencies.

Many unsuspecting Nigerians have, in recent times, fallen victims to Ponzi schemes deftly branded as investment schemes. Lured by mouthwatering and high yield investments, billions of naira belonging to desperate and greedy Nigerian investors, have been usurped by foremost Ponzi Machiavellians who lived exotic lifestyles off investors’ resources.

Wahala o

A year too late

Hmmmm father lord if only this will mean hope one can start rejoicing buh this is 9ja😩😩😩😩

i wish i had time to read beyond the caption🙄

Are we reading this right? 213bn? That’s over $400m!

This is good…but when will they also start arresting senators who steal “far far” more than this?

Just imagine one person with this amount of money that will give Nigeria steady light, good road and water. ZOO REPUBLIC.

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