Just In: EFCC declares MBA Forex founder wanted


The Economic and Financial Crimes Commission, EFCC has declared the founder of MBA capital trading and investment company, popularly known as MBA Forex, wanted.

The company folded up in December 2020, just a few days to the Christmas holidays, leaving investors with losses running into hundreds of billions.

Hundreds of those who invested in the scheme had besieged the company’s offices in Port Harcourt and Warri to demand for their money back, with the company making empty promises and blaming banks for their woes.

Willson Uwujaren, the head of media and publicity of the EFCC said Odum obtained N213 billion under false pretence.

The EFCC spokesman said Odum is a native of Ikwerre in Obio-Akpor Local Government Area of Rivers State.

He added that Odum’s last known address was No 7, Odum Street, Elekahia, Port Harcourt, calling on anyone with useful information about his whereabouts to contact EFCC’s offices nationwide.