₦airaland Forum

tit:
Are you from a polygamous home?

I’m not from a Polygamous home. However, being born in a Polygamous home shouldn’t be considered a subject of discussion as we have lots of great men and women from Polygamous homes.
I can list more than 50 people from Polygamous homes whose latchets you are not worthy to lace.

Ibrahimmrfish:
Niger, Mali and Burkina Faso will use the train service to access Lagos port,which will be a plus to Nigeria economy.

Don’t mind them my guy! Always fast to criticize. Funny enough, that’s the easiest thing to do in life. Tell them to come with a better approach, them go Ben Johnson.

nonhuman:
Go and read again come back and quote me

There’s nothing to read, I listened to the Minister’s interview without bias.
Niger is rich in Uranium and they are a major exporter of it. Uranium can be ferried using the rail line down to Lagos Seaport. We have other examples.
Do you have a better alternative to what the Minister proposed?

nonhuman:
what is the economic value building rail all the way from kano to Niger rep. Is the any river in kano why should we import crude oil that we have in abundance, stop being mischievous just because of peanut buhari is giving you

Who said the rail line is for the importation of crude? The sole purpose of the rail line is to encourage Hinterlands like Niger to use our seaport.
Can’t you come up with a logical argument without accusing someone of receiving peanut?
Counter the Minister’s claim like a reasonable person that I want to believe you are, rather than resort to cheap blackmail.

If you’re still criticizing this Kano-Maradi rail line project after listening to the Economic impact of the project by the Transport Minister, then you’re not being constructive in your criticism. Why not counter his claim with logical arguments, than argue without facts?

The Minister clearly stated Nigeria is not doing too well as compared to other coastal States in West Africa. Reason being that countries in the Hinterland are afraid to use our roads. In avoiding that, they use Ghana, Togo, Benin etc.

Siting of projects can either be Politics or Economics. Clearly it’s not Politics as the The Minister is from Rivers State and the President is from Katsina State. How do you make our seaports competitive without providing those Hinterland States ease of transportation? If you have a better alternative, then let’s hear it.

The King of Okochiri Kingdom of Rivers State, HRH Ateke Tom has pledged to release his Palace for the upcoming 5NOG 2021.

The program is an annual event of Salvation Ministries Church, led by David Ibiyeomie. This year’s edition starts on Monday, February 18 to 22, 2021. It is transmitted from the Head Quarters church to all her satellite churches and viewing centers all over the world.

It is a gathering of kingdom giants, where souls are saved, lives transformed and eruption of notable miracles.

Thanks be to God, as Jesus is forever glorified.

NwaAmaikpe:




He must have hurt her so bad emotionally for her to have hurt him this bad physically.
Newton's third law of motions says; "For every action, there is an equal and opposite reaction".

Well, if this husband has not obeyed this simple law, why should I pity him?

He now looks like an ogre while his wife can still rub foundation and concealers.
He should keep going about radio stations looking for sympathy. Better still, he can get an enamel plate and begin babi-allah.

Weak man.
Kuku buy her a bouquet of roses and get all of your relatives to beg her for pushing her to the limit of sanity.
Since you don't know what to do.

Who rescinded your ban? Nairaland was saner without this beast!

Manchester United won their outstanding match to top the EPL. By so doing, they caught the attention of Nathaniel Bassey who humorously confirmed the End Time Prophecy.

Dennis Naku, Port Harcourt

The fate of over three thousand investors of a trading company known as MBA Forex in Port Harcourt, Rivers State is hanging in the balance over alleged collapse of the firm.

Many investors decried the firm’s failure to fulfil its agreement of paying them their monthly dividends that depend on individual investment for October, November and December.

Our correspondent who visited the company’s imposing office located at Waterlines bus stop, Aba Road observed that the gate was closed, with no sign of activity going on there.


A lady who was the only person seen seated inside the company’s compound told our correspondent that the place had been closed since Monday.

When our reporter who disguised as an investor queried the delayed payment, she said, “Don’t worry you will be paid. If you paid online, your money will be in your wallet. Just be patient.”

Meanwhile, the company in a text messages to its investors obtained by our correspondent said the company had closed for the year.


The message reads, “MBA Trading: Dear Investor, We wish to inform you that our offices will be closed for Christmas holiday from the 21st of December 2020, and will begin operations for the New Year on the 5th of January, 2021.”

It was further gathered that one of the reasons for the delayed payment was because the operator had claimed he invested about 90 per cent of investors’ funds with a foreign partner where he retains 10 per cent shares but was waiting for the transactions to be streamlined.


Anxious investors who waited in vain after their accounts were not credited in the last two months stormed the firm’s premises to demand explanation but there was no one to attend to them as the gate had been closed.

One of the investors, Chibuike Amaike, who claimed to have paid in two separate packages said he was being owed for three months.

“They owe me for three months. I invested on 29th September. So I am supposed to collect on October 29, but they didn’t pay. They didn’t pay for November 29 and this December, though it is not yet 29, but there is no sign that they will pay. If you go there now their office is even locked.


“I called some of my friends who are investors too. They said the one that was due on the 4th of this month (December), till now they (the firm) have not paid.

“When you invest on November 4th, for example, you are supposed to collect on December 4th, though sometimes it delays for one or two days. I have two investment with them, N360, 000 in July and N360, 000 in September. Though the July own, they paid me August, September, October. That was when they stopped.


“But the second investment I did on 29th September, I have not collected a dime and if they don’t pay this 29th it will make three months,” he explained.

Asked if the company gave reasons for the delay in payment, he said, “Well, they told us on first week of November that due to a merger with WCB, a company in United Kingdom, taking over 90 per cent shares of the company.

“That they will not pay in November and that we should give them contract extension of one month. Everybody agreed. But they said from 1st of December they will start paying. They are supposed to have started payment from 6th December and people have been complaining because they are not paying.

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“As it is now, my plan is that if they open on January 5, I will fill a form of termination. They should give me back my money. They even said if it is not up to the month you did the contract, like I did one six months and another one year. That if it is not up to that they will collect ten per cent. I don’t mind. They should take 10 per cent and give me back my money.”

Another customer who did not want her in print said, “They said we should be patient, that we will soon get our alert for three months. When I went to the place on Wednesday, the gate was closed and nobody to attend to us.


“I invested N360, 000 and I get alert of N60, 000 every month. But since September, I have not got a dime. I know people that invested one million and half a million. What are they going to do now?” a female investor lamented.

Efforts to reach the Chief Executive Officer of MBA Trading Capital Investment Limited, Mr. Maxwell Odum, proved abortive as his mobile phone was switched off.

When one customer said the man was not in the country, our correspondent sent a WhatsApp message to him but did not get any response at the time of filing this report.


When contacted, spokesman of the State Police command, Nnamdi Omoni, said, “Have they reported to the police?

‘We are not aware for now. If they have any issue, they should do a formal report to the command and we know what to do.”

Head of Corporate Communications at the Securities and Exchange Commission, Efe Ebelo, told our correspondent that MBA Forex was not registered with the regulatory agency.

She said SEC had in June disowned the company and warned the public against transacting any business with it.


The statement in June made available to our correspondent listed MBA Forex and 11 others as ponzi schemes.

Here are the ponzi schemes listed by the SEC.

Loom Nigeria Money
Box Value Trading Company Ltd
Now-Now Alert
Flip Cash Investment
Result Investment Nigeria Limited
Helping Hand and Investment
No Failure Development and Empowerment Nig. Ltd
MBA Forex and Investment Ltd
Federate Investors Trading Company
Jamalife Helpers Global Ltd
Flexus Global Solutions and Investment Ltd
United Capital Investment Company Limited

https://punchng.com/rivers-forex-investors-panic-over-operators-alleged-collapse/?amp=1