The Economic and Financial Crimes Commission (EFCC) has declared wanted the chief executive of a forex training and capital investment company, MBA Capital and Trading Limited, Maxwell Odum, over alleged fraud of N213 billion.
“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,” a statement on Wednesday by EFCC spokesman Wilson Uwujaren read.
Odum, a native of Ikwerre in Obio-Akpor Local Government Area, Rivers State, ran the company in Lagos.
The EFCC said his last known address was at 7, Odum Street, Elekahia, Port Harcourt, Rivers State, urging members of the public to report to it or any security arm with useful information as to his whereabouts.
Investors had petitioned the police after Odum went missing.
The company reportedly closed on December 22, 2020, for the festive season but had failed to resume since then.