N213bn Fraud: EFCC Declares Popular Forex Firm Boss Wanted, Releases His Photo
- The EFCC has declared the CEO of MBA Capital and Trading Limited, Maxwell Odum wanted over an alleged N213 billion fraud
- The anti-graft commission urged members of the public with details of Odum's whereabouts to report to any of its offices nationwide or to security agencies
- According to the agency, Odum's last known address is at 7, Odum Street, Elekahia, Port Harcourt, Rivers state
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The Economic and Financial Crimes Commission (EFCC) has declared Maxwell Odum, the CEO of a Lagos-based forex training and capital investment company, MBA Capital and Trading Limited, wanted over alleged fraud to the tune of N213 billion.
In a notice posted on its official Facebook page on Wednesday, December 8, the anti-graft agency 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.
Source: Facebook
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 (EFCC) in an alleged case of Conspiracy, Obtaining Money by False Pretence and Money Laundering to the tune of N213,000,000,000.00 (Two Hundred and Thirteen Billion Naira) only.
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“Odum is a native of Ikwerre in Obio-Akpor Local Government Area, Rivers State.
“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.”
The Punch reported that Odum had disappeared after allegedly fleecing thousands of investors of their hard-earned money.
The company also reportedly closed on December 22, 2020, for the festive season but had failed to resume since then.
Nigerians react
ThankGod Okoye said on Facebook:
"MBA Investment Folded Long ago why is it now that this man must have Finished, all the money that EFCC get involved.."
Andrew Esemor Eti said:
"213bn only one person...where were you guys when someone is amassing such huge amount of money illegally in same country with you guys???"
Iroh Uzoigwe Ugolabu said:
"The business was real, just that things went south for it. Of course such schemes are bound to fail. He only has licence related questions to answer. But was the business real? Yes. Was it legal, I doubt. Was it setup to defraud people? I doubt. Either way, he has questions to answer."
Roman Oseghale said:
"Economic and Financial Crimes Commission......There must be incentives or rewards for people to report these kind people to EFCC...
"Put some rewards like N10 million and you will find this guy in the shortest possible time.
"In developed countries there are always rewards, the rewards is what motivates people to report such criminals to the authorities.
"You will be surprised that even his own relatives who never benefited from his loot will be the ones to report him to the authorities!"
EFCC declares for Nigerians wanted
In a related development, the EFCC has solicited the help of Nigerians in locating four suspects who are wanted for alleged fraud.
The agency on its official Facebook page on Monday, November 22, declared the wanted suspects as Akpodemaye Ikolo, Donald Olorunkoyede, Owootomo Tomilola Sunday, and Okuafiaka Bright Onyebuchi.
The EFCC stated that the suspects are being investigated for offences bordering on fraud. The commission asked anybody with useful information about the wanted men’s whereabouts to contact any of its offices across the nation.
Source: Legit.ng
