In recent years, Nigerians have been victims of various Ponzi schemes, losing billions of naira to such schemes.
One of the latest ones involves MBA Capital and Trading Limited, a forex training and capital investment company.
SaharaReporters had in February exposed how the company obtained money from Nigerians using the guise of investment and disappeared.
Some of the victims claimed they were defrauded of billions of naira, adding that the company closed on December 22, 2020, for the festive season but it has failed to resume since then.
An investor, Favour Senibo, had told SaharaReporters that she invested her money with MBA after seeing a publication stating that the company was established with a vision to impact the general populace with the knowledge of trading forex and creating platforms that will bring about sustainable financial freedom.
She also said the CEO, Maxwell Odum, claimed the company had been…