₦airaland Forum

ikem50:
Thanks so much for ur update.
Pls next time ask them if Dec will be double pay or just one.
Thanks

I KNOW SOME PEOPLE WILL JUST START ABUSING ME

No one will insult you.

It's just one. November ROI has been changed to a one month extension of your contract (x months + 1 month) if you've not been paid for November ROI.

Favoured35:
Dr, he is a big investor with MBA.
Pls low ball on the insults...

With his 'supposedly' big investments in MBA, his oversabi too much.

I mean, this man visits the office as if he is awaiting his pension. MBA has tried to correct their mistakes and are visibly working towards this but he will never believe them and even collaborates with those lost boys on this thread to rubbish MBA. Now, why would such person invest in an "unstable" and "untrustworthy" organization as this. Just terminate and go. He keeps yapping about shamelessly, calling anyone correcting him as a paid agent.

Court case we no see, filled termination form we no see. Just pissing about. Nonsense

solreb:
I.am offline investor and I was shocked to receive alert at 11 pm on Saturday Nov 20. My due date was Nov 3td, Lekki branch. So the inconsistency worries me and casts more doubt

Please terminate your contract today and have that peace of mind you desire. MBA is not worth the stress. Just terminate quickly latest by Wednesday.

Irritant

leojah:
why do you keep referring to me as FX Manager.
I have no connection with who you imply.

Counter my points knowledgeably and stop being dramatic.

Yeah right! Took you long enough.

Miserable and envious loser

leojah:
The information from the company on all platforms says ALL payments.

Who is fooling who?

Offline or Online what is actually the difference ?

Investors deposit their funds, the company grows their money and finally pay back the investors.

So what is big difference?
Were offline withdrawal and ROI payments made in cash. NO.

If you analyse carefully, you would see that the company didn't give any official directive for all clients to migrate online.

Their agents and fanatics are busy interpreting non-existing messages. Who knows their agenda?

So if everyone is not to migrate online,
why the delay on offline investors as they claim? What are they upgrading to ?

They have not even claimed to migrate to making payments outside conventional financial facilities e.g paying in Crypto.

That means everything stays virtually the same, you would still get paid using the same bank transfer as in the " OLD MBA-FX"

Don't let scammers fool you with simple terminologies.
This format of deception is called "BAIT AND SWITCH".
When the "NEW MBA" is launched everyone would suddenly feel safer under the impression that the whole system has been improved and upgraded.

Use your head.

In reality, MBA has run out of cash flow.

Within this delay buffer, they are trying to generate enough cash flow and restrategize inorder to run the last lap of the game before they elope.

To be forewarned is to be forearmed.

Read my first NL post for more info.

FX Manager, you no dey tire? After attempting to pull down MBA for months, you went ahead to float your own thread with higher percentage than MBA. After failing miserably as usual, you're back here with more hatred than ever using another monicker.

What a pitiable and miserable life to live. Akin to being cursed. What a low life!

ifeanyija:
do u go to work?

Cultist get work?

leojah:
That is what they always fail to understand that having offices all over means little to nothing.

I remember the case of BlueKey Investment that was running a Ponzi Shop from their only office which was on lease at a Mall still in Port-Harcourt.

As "small" as they were EFCC investigation reports says that they had a turnover of over 2 Billion Naira.

That is seriously a lot of money to facilitate your escape or bribe your way out.

Since the authorities shut down their Operations in August, 2019 most of their investors have not been paid a single dime.

Although EFCC freezed BlueKey's account no party has claimed to be in possession of investors funds.

As for the CEO Suanu Neewi, his whereabouts are unknown, what is certain is that he is not jail for his crimes. After his initial arrest he was released on bail.
In such little time, the case has totally died down and the gullible ones have moved on to the fraud scheme.

It BlueKey was running a scheme of 2bn Naira what volume of money do you expect from MBA FX. Probably, in the hundreds of billions.

It will shock most people that when MBA eventually crashes, Maxwell won't even need to run away.

We are in a highly corrupt country where a thief can become a saint overnight at the right price.
That is why these sort of fraud thrives well in this part of the world.

After his initial arrest and subsequent bail, he would still be free as a bird.
After all, who knows who is who behind a multiple car police escort.

Let's use our head please

Fx manager, our old time clown still entertaining us as always. Keep giving us the rabid dog act. Oya, continue dancing naked in the village square.

Clowns everywhere LOL

Biguyman:
You're not matured one bit. Stop thinking because maxwell is calling you guys an investor you think you're now matured. If having your money in a ponzi scheme is your definition of maturity then you must have a fish brain

LMAO! Our number one clown is here to dance for us again. Yaaaay!

frday:
Maxwell has killed us.we are here waiting for ROI and he is making all necessary arrangement to leave this country. Let us act fast to recover our money.lets stop attacking each other since this guy is still around.delay can be dangerous.maxwell will leave this country.lets report this guy to efcc and immigration so that they will place hold on his movement and monitor him.before ending of December this guy will run

Hello Biguyman.

Continue to humour us investors, clown.

You and your lot are fine acts dancing and raving mad in the village square.

Jokers

Chai! Las las, this thread na cruise.

Na clowns cum comedians these naysayers don turn to me now.

Just vibes and inshallah!

solreb:
I am an informed investor that keeps tracks of the events in company where I have investment. So is it a crime now to notice something and ask for information from a staff of the company? I don't know why you are always on about a court suit? Have you been convicted by a court before. I notice that for each of my post that has no reference to court in whatever form, you always end up bringing it up. I wish we can meet physically so that O can determine what really is the problem with you. Perhaps I can help.

That's your business, Dr. Phil.

My grievance with you is the insulting way you went about your grievance with MBA operandi, coming to Nairaland to mouth off about a law suit if you don't get paid, utter disrespect for everyone in this same boat with you. Total disregard for how your actions will affect others. That's insensitive and callous, this is my grievance with you. As a businessman as you claim you are, these are business fails an amateur will not make.

From henceforth, your comments here have lost weight because a lot of fellow investors lost that respect they had for you after that episode. Atleast you've been paid for 3rd November, what of we that are on pending, what should we do, take MBA to ICC?

solreb:
@airsaylong, I have been meaning to ask you. Recently the MBA website shows only the CEO, Maxwell Odum when you click "Our Team". Why are the others missing. What happened to the likes of Vodina West (Director of Branding and Tourism), Marious Penaji (Chief Market Strategist), Kyriakos Hadjikyriakou (Director Exclusive Market). These were the people showcased as MBA Team during the launch of Bare2Blue Banquet in August 2019.

Ughh! This guy... SMH

Na MBA wey pay you your 3rd November ROI I blame. Dem for wait make you sue them. Acting like an oversabi class captain. Mtchwww

habakukjss3:
Thanks for the information..
Please I need some clarification..
For those of us whose contract are to expire 4th December..
When will it be due to roll over or collect your capital ? Because at that date the 6th ROI will be pending and it requires one to print out statement of account before withdrawing capital?
I need ur opinion here

Bro, take it that it's anytime you get your last ROI that's when you can say your contract has ended, it is now up to you to rollover or terminate.

ifeanyija:
boss, I received November roi for 3rd, will I receive December ROI on 3rd December?

Yes, you will be paid for December ROI on the 3rd December

You're are one of the lucky ones. I'm for November 5th but nothing yet. We move!

ekpemina007:
Thanks ifeanyi but I am supposed to get the October roi while the November will be deferred to December

Bro, you invested in October and you expect ROI same October? There's a 30 days maturity period for every investment.

October 5th investment leads to 5th November 5th ROI maturity date.

With the current news, you will be paid December 5th now (your first ROI), while your November ROI as been added to your contract (x months+1 month) and will be paid back at the end of your current contract.

Dear MBA investors,

As a fellow investor here with MBA, I just came across the news on their various social handles about deferring all pending payments to corresponding dates in December. I thought it will help someone out there to get clarity on what they mean.

For example, if you are yet to be paid by 5th November, you will now get yours by 5th December, unfailingly. This is so for all pending payments for November.

For September/October pending payments. Visit your branch as this is not related to the migration plan. There's a problem somewhere and you ought to have been paid by now. Your branch will work on it, if trashed out early, you'll be paid by agreed December date.

For investors whose contracts have ended or ending while they are waiting for the last ROI to enable statement of account printing. You will have to wait till your corresponding dates in December to get paid, then you can rollover or just terminate your contract. Your capital and a month extension (November ROI) will be paid to you.

MBA is saying that all pending November payments have been moved to December, and that November ROI is now added to your contract as (x months + 1). So, for a 12 months investor, it is 12 + 1. Even if you terminate, you will still get your 1 month extension owed.

If you are awaiting your termination payment, it will be be paid in December. Use the initiated date of termination as a guide.

Additionally, for MBA dollar investments, it's been cancelled and refunds will be made in December unfailingly too. The CBN restrictions on Dollar are not favourable to the business which is really understandable with all these messed up economic policies of the government.

By December 1st, a new MBA emerges. Let's see what they have to offer.

I hope this helps.

solreb:
One of MBA paid agents has been spotted. My question was directed to a supposed MBA staff posting an update and I aksed a genuine question any sound investor will ask and you quickly jumped in spewing incoherent rubbish

A whole me, a paid agent?!! You must be out of your mind o?

The person you quoted is an investor not your stupid "supposed" staff useless talk.

Lastly, why not go to the branch you want to subpoena for the stupid question you're asking. Ingrate!

Biguyman:
Continue being optimistic until maxwell will successfully arrive Cambodia
Body go tell you soon.

People dey talk, dirty cultist too dey show face. LOL! Dirty pig

You're beneath me.

solreb:
Thanks for the information. Have you sent this same information to all the investors by email or post same on your website, Facebookpage etc. Also, kindly let us know your name and branch of MBA as this is an anonymous platform

You cowardly man, you're still here? We have not seen your court summon o! Jittery ass man yet investing greedily in something your stomach can't take. A slight delay and you are already tearing shirt.

Imagine because of your own ROI being delayed, you want to freeze MBA accounts for your own benefit while millions of people will be in untold hardship. That's so selfish and evil. A lot of us here haven't been paid yet but we're optimistic about the situation unlike a sissy like you.

leojah:
Wooowwwww!! Congrats Pal !!!

You are not alone in your joy, MBA also surprised me with this highly unbelievable alert.

#MBA truly CARES

FAKE ALERT!

Don't be deceived o, this guy is not one of us.

Advision:
Who is this? Abeg swerve....

You are right all I said are lie

You're a liar! Clown

LOL! Chasing clout upandan

leojah:
LAS LAS OJORO GO CHOP OJORO NOTHING REMAIN.

I wonder why Africans most especially Nigerians have such great affinity to dubious, super accelerated wealth programs and conmen that promise to generate and redistribute wealth among the income brackets which it fulfills partly but it in the end it's true form is revealed as a one-sided sham scam that pushes money up a pyramid to profit the top minority with the losses of the bottom majority. I believe it's a symptom of poverty and desperate survival culture which we need to outgrow for the betterment of our societies.

The dominant players in the FOREX industry who control over 80% of market volume don't make humongous returns "per month". A typical Hedge Fund has a minimum profit target of 20% per annum. The largest global banks have an average annual return below 30%.
This is largely conservative and a far cry from profit returns above 150% which these "forex/money experts" advertise.

If they are so certain about their exceptional results, why do they need to draw in investments from the public and risk loss of public funds along with administration, expansion and other capital intensive costs.
The most logical approach would have been:
......Reveal your "black-box" fireproof strategy and back-tested results to a handful of high net worth individuals and banks or possibly fund yourself.
......Acquire minimum funding of $10 million for your company.
......Register your company as a proprietary trading firm.
......Maintain capital costs as low as possible possibly rent a single room office space, stellar equipment and internet connection (that's most of all it takes to trade forex from as low as $1 to $1 Billion and beyond).
...... Excluding all costs, with a 'fixed" annual return of 150% your initial capital of $10 million would have grown to over a Billion dollars in about 6 years.
10,000,000 * 2.5^6 = $2.4 Billion
Even if your expected performance falls to 100% your initial capital will grow to reach a $Billion+ in less than 10 years.

Some might ask "who would give you that kind of money upfront ?" actually very few people would but considering these "experts" have proven themselves over 4 years, most billionaires with lots of cash lying on the sofa would have been interested in this "free money" and can possibly fund even more than $10 million.
But NO these "forex/money experts/doublers" will never consider this option because they know and are certain that the "integrity" of their operations can never survive the light of transparency, audit and regulation.

The Regulators are complicit in these menace too. Some has them have flagged these entities but have failed to take decisive. That notice independently is a sufficient Caveat to potential investors. Yes, Forex is not highly regulated in Africa, Nigeria inclusive nevertheless there are many angles through which these guys can be tackled. One of those measures is Illegal Deposit Taking the second is Absence of Insurance Policy.
.......Only licensed and approved organizations are allowed to take deposits from the mass public (especially lower class investors) irrespective of the
withdrawal arrangements.
.......These Deposits are expected to be Insured incase of loss. No reputable insurance company is willing to bear the risk of any
fraudulent/ambiguous/ponzi scheme. So none of these companies are insured if they run away tomorrow expect nothing.
The silence of these regulators don't baffle me after all, it isn't right to talk when your mouth is full while eating.

Let's get a bit technical into why these schemes don't seem practical in any sense.

I have financial trading experience with Citigroup and Trafigura at their offices in Singapore. Therefore I understand the markets as some of you should too who have been trading for a while now although with different experience levels.

My first case is this simple fact: ALL MARKETS FLUCTUATE SPONTANEOUSLY.

This is even more profound in the Forex Market than in stocks. The Forex market moves in a random fashion forming long trends, short trends, ranges and sometimes out right Brownian motion.
You can't relate the results, events and elements of the past with the possibilities of the future because the market is as fickle as a human emotions.
All you can do is ride in the direction of high probability and limit your risk appropriately.
On this premise, it is therefore impractical to offer a fixed rate of return from trading forex because your Results (Profit & Loss inclusive) might vary widely instantaneously. You can't win everyday.
In fact, no professional body in the world, hedge funds, prop firms etc. provide fixed rate arrangements except these "experts".
All that is there is that your performance should stay conservatively attractive in order to retain clients.

My Last but most Vital Point is: the INVESTOR PAYOUT INTERVAL

How often investors are paid out is an important factor concerning any trading or investment company managing investors' asset because it determines their trading style. I will use the example of a typical Hedge Fund arrangement because it is the most prominent institution outside a Banking structure that is allowed to collect funds from the public (although strictly selective) for the purpose of investment.

A typical Hedge Fund has an average lock up period of 1.5 years sometimes even up to 4 years and their is no scheduled payment of profits.
During this period the investor has waived off access to their funds for withdrawal.
This gives the company adequate time to deliver good results while distributing risk efficiently.
The inverse is the case for these "pseudo hedge funds" who commit double atrocity by paying out most if not all their clients a "Fixed" return on a "Monthly" basis.

The risk flaw in the latter practice is that the "pseudo hedge fund" theoretically has to risk the "whole basket" on a monthly basis in order to payout money to clients. The outflow of the accrued profit made by the company for that month has also reduced it's chances of compounding on past gains for future sustainability.
They might claim to have cash reserves, but from where can they generate enough cash reserve especially within a market as unpredictable as the Forex Market where losses are inevitable?
How can you have cash reserves when you are paying everyone monthly and withdrawal is possible in less than a year.
How? Maybe they are taking loans from Banks or perhaps in actuality they are paying back the specified part of investor's funds without corresponding income from forex and when time for withdrawal reaches you recycle money from another client. Hopefully, most charmed investors aren't willing to withdraw just yet, possibly they reinvest back their returns with even more additional money in a rollover plan.
Who knows?

I also have to criticize the acquisition of a relatively Large "Investment Company" by an unverified shell company that has no technical experience in the involved sector. Why should a 'Citizenship by Investment' company buy over a financial investment & trading company. Are you sure someone isn't trying to purchase foreign citizenship. Remember the case of Mrs Dieziani Allison-Maduke, you can't prosecute a non-resident foreigner without an extradition treaty. Think about this.

In Conclusion:

I am not here to coerce anyone into any decision. Awareness is my primary objective.
I just want you to understand that the activities of MBA Forex and their likes don't fit into the category they claim to belong.
Know what you dealing with and strategize how to tackle or avoid it. Risk only what you can avoid to lose.
Because we have a lot of uninformed people who consider these things normal practice every where else in the world.
That notion is far from the truth because the existence of these type of firms in the developed world is minimal to none because the knowledge and experience to filter what is authentic and what isn't is what made them what they are today.

I don't suggest that MBA forex and their likes will crash this year. It will go on as long as the charade of greed continues and expands but mark my words when it crashes, the Truth will be revealed and the Bottom majority of the Pyramid will actualize their well deserved losses.

To all those MBA Forex audacious activists that would come after me, ask yourselves one question, "If MBA Forex is operating an honest establishment would a flimsy dissuading opinion or lack of new investors counteract it's growth or existence?"
If your answer is a an assured NO then why the stress?
On the other hand I am obligated by human sympathy to highlight the reality for unsuspecting investors.

A Safe Forex Investment at the moment aside from self-trading should be in the form of a PAMM and Copy-trading model. Which is offered by various reputable companies and brokers.
It is highly transparent, in that you get a real time view of how your money is being put to work unlike a "behind the curtain" arrangement.

Have a good day people.

Classic FX Manager! Pathetic loser

Advision:
No shame bro, evil reigns when good people look away. If some criminally-minded people will aggressively push a scam and believe that by insulting or threatening me, they'll get me to look away, they are very wrong. It just becomes my motivation to see it to the very end.

Some people have also reached out to thank me for saving them from making a big mistake. Some others may not say it, but I'm sure they are thankful for the warning

You're a liar! Post those screenshots with time stamps.

solreb:
So what is evil in investor trying to recover his or her money. If I ask for capital refund and MBA anwers responsibly and timely there will be no need for litigation.

You're more despicable with every comment you make here and it's unfortunate.

So, you have this level of investment maturity and you're there investing more than you can lose? You were being greedy and yet a little case of delay is shaking you up like this? What a shame!

If you don't go ahead with that court threat before the week runs out, you're a coward!

Advision:
Someone chatted me that I and some others on this thread caused the issues MBA forex is having.

My response :

1. while I know this thread has a lot of impact, it's overestimating what we do here. A lot of contributors (investors) already planned cashing out by December.

2. MBA forex is only experiencing issues because it is a ponzi business disguised as a forex trading buisness. I'm sure there are real forex traders here who can confirm MBA forex claim of being forex traders is a ruse.

3. I have a clear conscience and hold no grudge against no one (even the ones that went as far as abusing my parents),I did what I did to help others. MBA forex will always result in tears and pain (if not now, later) , because that is way all ponzi end

4. If there's any one to be pissed with, it is the MBA forex owenr (the ponzi maker) and deliberately mischevious promoters on the thread. They were contributors who, although they knew MBA forex was a scam, invited others in and attacked any dissenting comment because they wanted to ensure they successful exit the pyramid before it crashes (that's how evil some people can be)

Indeed, many of them even came boasting after issues came up that they have made their profit and they have nothing to lose if MBA forex closes shop now. They've about all disappeared now (the ones still here are likely still in a loss position but hoping to turn it to profit by keeping the pyramid going)

5. As to why my focus is MBA forex, indeed there are many HYIP (not necessarily all) in the investment section that are scams/ponzi, MBA forex was one of the clearest and biggest.

For all what people have said here. I don't have that time moving from thread to thread hunting ponzi. More so, the attack dogs here, made it a personal thing for me to see this through .

However, anyone who has carefully read this thread by now should know which HYIPs are ponzi.

You're just shameless, jobless and disgusting. "The attack dogs made it a personal thing for me to see this through".

Get a life!

IWUBOY:
My dear no reasonable investor no matter his or her stake with MBA will come her to cause more harm than good to his or her investment... A genuine investor will pray for MBA sustainability... He or she will be patiently wait for solution of issues... Or even think about things that can help in the companys growth...

How on earth will an investor come ( naria land) and say he will take MBA to court if they don't pay him?
Imagine that guy soreb or watever his called claiming he has Ben with MBA 4 over 12months n jxt little delay... See what he has turned to. Seeing such statements will u still believe his an investor... If at all he is then he's very stupid... Which means somepersons are not supposed to invest in this life... Jxt wait for salary when it comes use it n buy food n cloths that's all.

To be honest ehn, the behavior of some persons I have known on this thread in the past as investors is quite shocking! Different conspiracy theories that make no sense whatsoever.

You want to freeze an account, how selfish can you be? Because of how many millions? Go ahead and try your luck, I can bet you that you will be badly burnt. Go to the Agritech threads and see what is happening with funds mismanagement at ThriveAgric and the likes.

You think running a business is easy in this climate? How would you know when you are not brave enough to have your startup company?

We are all affected by this delay, but one just has to give them that benefit of a doubt. For me, December ROI is not even in my plans. I have made up my mind that by January things will be okay... MBA had all the reasons to bail during COVID-19 if y'all think it's ponzi, the joke is on you.

I stand with MBA

A whole night of wailings from the sadists... I do not blame them because some MBA fanatics fueled them to continue in this unwarranted advisory service they're dishing out. They now look like the good guys while these fanatics go on cursing and insulting spree, you see what you've done? Has your insult stopped the nonsense? You fed them attention and they leveraged on your immaturity. We warned that that tactics will not be sufficient but of course you have your freedom of speech.

Well for me, I make my money and I decide what I want to do with it, call my investment ponzi, that doesn't stop my ROI, insult me, that doesn't change the fact that I'm a risk taker and you're just a coward sitting on the sidelines.

I see the sadistic wailers already giving excuse for MBA that they'll still exist next year already, this is not new, they do this all the time to look as if they are ahead of the curve. They know nothing. There's nothing a man that wakes up in the middle of the night and early in the morning pouring out hate and bitterness will say that will sway me, never.

airsaylongcom:
It's not earlier. 13th of October to 12th of November is 30 days. They get it every 30 days

Okay, thanks for the clarification.

emmanuelgon:
I don't think you are an investor in MBA

He is not!

PaulThor:
.
13th of what month? Last month? If so that means the delay still plaques online option?

It's this month... They happen to somehow get theirs earlier than their ROI day. I truly envy them.

airsaylongcom:
I dey laff o

Bro, I have my reasons for saying touch and go (meaning 'uncertain' or 'unpredictable').

To be honest, in my duration of liaising with MBA staff I can only count 2 staff worthy and 1 out of that number has left MBA. It's unfortunate.

Of course, there will be good eggs in the mix but when we take a general look, it's bad. No need mincing words. One just has to cope, Naija style. It needs to be worked on, communication style is poor too.

Please any MBA hater should not just quote my words for their stupid propaganda. You will not find it funny. Stay clear