N213bn fraud: EFCC declares founder of MBA Forex, Maxwell Odum wanted

The Economic and Financial Crimes Commission (EFCC) has declared Maxwell Chizi Odum, the founder of MBA Trading and Capital Investment Limited, wanted.

He was declared wanted for alleged conspiracy, obtaining money by false pretense and money laundering to the tune of two hundred and thirteen billion naira (N213bn).

Odum, who is a native of Elekaiah Community in Obio-Akpor Local Government Area of Rivers State, had gone into hiding following incessant protests by residents who invested in his company.

The EFCC 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 (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.

“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.”

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.