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N213bn Fraud: EFCC Declares Popular Forex Firm Boss Wanted, Releases His Photo

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.

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.”

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.

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