tunnex190:
MBA TRADING: Dear Esteemed Investor, please be informed that due to our transition process we will be experiencing delays in payment, kindly note that this delay isn?t a denial of your payment as our company will ensure that your payment due is paid as soon as we conclude. Please bear with us, thank you. MBA TCIL cares

Got this on 13th. Crap. I collected late 2nd ROI on 5th Nov. on roll-over

chiada:




*My mum's contract is with MBA and not the CEO.

Since you are trying to create a mountain or make a big deal out of a simple case of the CEO assisting in paying investors from his personal account, please feel free to CONTACT HIM to clear your doubts or reservations, *Mr Analyzer!!!

shedomains:

hmmm nigerians and dumbness.how can a ceo pay from his personal bank account and you feel relax nothing is fishes ba.we never learn.

DrAkpa:


Oya, start analysing na. Mr analyzer. Analyze the economy of the shit hole country and proffer solutions, you people won't do that. Na MBA case una want die put. Fishes kee you there.

You can't even speak English.

DrAkpa:


My brother, do what you have to do... But I believe mba is not going anyway, nor do they have liquidity issues. I also faced a lot of challenge when I was recovering my capital but I did get my capital even though it took almost 2months and now I have gone online. Cheers

shedomains:

hmmm nigerians and dumbness.how can a ceo pay from his personal bank account and you feel relax nothing is fishes ba.we never learn.

Wickedfact:
You guys should consider the consequences of what you say here. If you want MBA to survive, don't encourage anyone to file a suit against MBA. Don't try it or all of you would suffer it. The court would grant an injunction which would direct that all MBA's bank accounts be frozen. All funds would then be unaccessible and that would affect everyone.

aremso:


Read the MOU very well and get familiar with the clauses there in and give to a lawyer to interpret very well. probably a SAN

Wickedfact:
You guys should consider the consequences of what you say here. If you want MBA to survive, don't encourage anyone to file a suit against MBA. Don't try it or all of you would suffer it. The court would grant an injunction which would direct that all MBA's bank accounts be frozen. All funds would then be unaccessible and that would affect everyone.

Wickedfact:


You think your civil contract would protect you from a criminal complaint of fraud?
Do you know what happened to BTD? Go find out.
Whatever happens, no injunction should come near MBA accounts. Even if it would be lifted, it can take 6months. Can MBA survive with its accounts frozen for 6 months?

jabolo:


Doesn't even need personal journey through the courts. Complaints to the SEC will trigger the necessary regulatory moves against this unregulated entity, yes, including bank account freezes.

As an 'investor', this is how to kill the goose if you're getting jittery and your ROI held up but at least any money in the accounts will be preserved.

This might also be the convenient excuse the ponzi Sponsors are praying for.

Good luck and good day.

DrAkpa:


No genuine investor either here or off-line who eats from MBA will file a suit against MBA for the court to freeze the company's accounts. MBA as far as am concerned has not declared bankruptcy and will never go down as long as the forex market still remains. But whatever the case may be, I believe MBA has the capacity and well qualified lawyers to crush any disgruntled miscreant either on this thread or off-line.

Its just like asking if an ant can destroy an elephant. Its just not imaginable. It can't happen.
Dem no reach.

jabolo:


Doesn't even need personal journey through the courts. Complaints to the SEC will trigger the necessary regulatory moves against this unregulated entity, yes, including bank account freezes.

As an 'investor', this is how to kill the goose if you're getting jittery and your ROI held up but at least any money in the accounts will be preserved.

This might also be the convenient excuse the ponzi Sponsors are praying for.

Good luck and good day.

Wickedfact:


If an account is to be frozen, it is done through Exparte Court orders. Before MBA has an opportunity to respond, it would take at least a week. Once response has been filed, the court fixes a date to hear it. That is another 3 weeks. Plus at least 2 adjournments, that is minimum of an extra 1 month.
Which financial organisation can survive with its accounts frozen for 1 month?
That is why litigation against MBA should be prevented at all costs. It would destroy things.

DrAkpa:


Well, litigants have to have adequate facts and points on ground before any court can agree to freeze mba account. A lot of this people here threatening court case haven't even read their contracts properly. Arguing with them is just like arguing with primary school pupils.
These same miscreants threatening a court case against mba probably didn't comprehend or understand the clause in their contract which states that conflicts between them and the company would have to go through an arbitration first and if not resolved, the courts will have the final say.
I just laugh at the foolery of some people here

Wickedfact:


You think your civil contract would protect you from a criminal complaint of fraud?
Do you know what happened to BTD? Go find out.
Whatever happens, no injunction should come near MBA accounts. Even if it would be lifted, it can take 6months. Can MBA survive with its accounts frozen for 6 months?

Before they lift the injunction, the court can say MBA should provide evidence of payment of WHT and other Taxes since it began operation. That is when everything would scatter.

Nkaluu800:
I laugh when people think MBA is just a road side investment company.
MBA forex
has "UNHINDERED ACCESS" and solid backing from the power brokers in Aso Vila!!! Believe me!
Make inquires if you are in doubt.
If only we could relax and allow them serve us better.
Everything will be sorted out sooner than expected.
As for the legal process... Forget it already Pls.
Your money is secured.

Nkaluu800:
I laugh when people think MBA is just a road side investment company.
MBA forex
has "UNHINDERED ACCESS" and solid backing from the power brokers in Aso Vila!!! Believe me!
Make inquires if you are in doubt.

shullygirl:
I believe all these naysayers belong to a body or business who sees MBA has a big competitor/threat to their existing or upcoming business.

They think their plan to destroy another person's business will create room for their success.

Just know that Karma is watching on 5D

frday:
I call a spade a spade.indeed I am nt happy the way this is going.I ve considered and studied mba actions if you are saying that mba will come back I don’t think so.it is this type of thing all these ponzi will come to this country and deceive gullible Nigerians and go away with their hard earn money.i will be in fore front to report mba to relevant authorities.What we are talking is peoples’hard money.let them freeze the account.this is breach of an agreement.

solreb:

It is all part of the game. On the 6th I tried to terminate my investment which expired on Nov 4th at the Lekki branch they told me it would take 3 weeks for me to be refunded. But the most annoying is that they would not start processing the termination until I produce the bank statement showing the last ROI,. Yet they have refused to pay the last ROI and no one could tell when the payment would come. I won't fold my arms and MBA would use various tactics to delay payments. I verily believe that the CEO will bail out, hence the deal with WCEP who incidentally deals in obtaining second citizenship. Everyone has to decide what is the best step to take. I am in PH now and will go terminate my investment at the Eliozu office on Monday though the contract expires in January. If I choose to terminate earlier, the clause 10 of the Contract expects me to give 30 days notice after which I will not be entitled to ROI. My 10th ROI was due Nov 9th and I know I am not getting payment any sooner.

DrAkpa:


No genuine investor either here or off-line who eats from MBA will file a suit against MBA for the court to freeze the company's accounts. MBA as far as am concerned has not declared bankruptcy and will never go down as long as the forex market still remains. But whatever the case may be, I believe MBA has the capacity and well qualified lawyers to crush any disgruntled miscreant either on this thread or off-line.

Its just like asking if an ant can destroy an elephant. Its just not imaginable. It can't happen.
Dem no reach.

Wickedfact:


The Contract is a civil one and the Arbitration clause only applies to civil matters. If a criminal matter arises, that clause is very useless and doesn't mean anything. That is the difference between Breach of contract, Fraud and OBT.

Once you report a case of fraud or financial crime to the Police, the police can approach a Magistrate court for an order freezing all bank accounts belonging to that company. Once the order is granted, the banks are compelled to comply.
The Police and the courts don't even give the company an opportunity to reply because the complaint is a criminal matter of fraud and informing the company would prejudice their investigations. So, the company doesn't know until they go to the bank and they can't collect 1 kobo. Even the bank won't know until they get the court order and they must comply immediately.

After bringing your facts and information, the Court may eventually lift the order, but after how many months? Can you wait for 5 or 8 or 13 months for the account to be unfrozen before collecting your money?

Sensible investors avoid litigation. Only ignorant ones see litigation and jump into it. MBA should not fall for that trick.