MBA Forex Investment Capital Recovery
Did you invest in MBA FOREX and your money is now stuck with no clear path to getting it back?
There is hope.
On 10 February 2021, following the failure of MBA Forex and Capital Investment Limited (now re-named as MBA Trading and Capital Investment Limited) to repay investors/depositors’ funds from October 2020 till date, the Central Bank of Nigeria, acting pursuant to Sections 56, 57 and 97 of the Banks and Other Financial Institutions Acct, 2020 (as amended) applied to the Federal High Court, Port Harcourt Judicial Division, for an order to freeze debit transactions on the accounts of MBA Trading and Capital Investment Limited in 10 Nigerian banks
On 11 February 2021, the Federal High Court granted the order freezing all debit transactions on all listed MBA Trading and Capital Investment Limited accounts (read order here). Discreet inquiries indicate that the accounts are funded but not sufficient to discharge all liabilities of MBA Trading and Capital Investment Limited to its investors/depositors.
Working with our partner law firm, we sought to intervene with the CBN, the Economic and Financial Crimes Commission, the Securities and Exchange Commission, the Federal High Court, and other regulatory bodies for refunds to verified depositors/investors.
To this end, our partner law firm sent petitions to the CBN (read the petition here) and EFCC (read the petition here) demanding that they commence refunds to verified depositors.
Upon the failure of these regulators to act, we filed an action on behalf of 190 investors/depositors at the Federal High Court, Port Harcourt in Suit No. FHC/PH/CS/131/2021 seeking leave to compel the CBN, EFCC, and SEC to perform their statutory duty of refunding depositors’ funds. On 9 September 2021, the Federal High Court granted us leave as sought.
While granting leave, the Court ordered a stay (freeze) of all debits on accounts held by or linked to MBA Trading and Capital Investment Limited, World Citizens Equity Partners Limited and their respective shareholders/directors in eleven (11) banks (read the order here).
The Court also ordered MBA Trading and Capital Investment Limited, World Citizens Equity Partners Limited and their respective shareholders/directors to appear in court to show cause why they should not be compelled to explain to the Court, the movement of depositors’ funds that were in their custody and pay compensation to depositors.
Other applications have been filed in the proceedings, which will be heard when the parties appear before the court.
This is a limited duration offer to anyone whose funds are still tied up in MBA Trading and Capital Investment Limited to join our intervention.
At the time we initiated this intervention, we offered no guarantee of a full, partial or any recovery at all. All we offered, and continue to offer, is a good faith effort to see that you recover as much of your investment as humanly possible.
To this end, at the beginning, we did not ask anyone to pay any money upfront as fees for a successful recovery, in exchange for which, we charged a 20% commission on the sum recovered, payable only upon a successful recovery.
Since then, we have received and are processing claims approaching One Billion Naira (N1,000,000,000.00) from over Four Hundred (400) investors (and still counting).
The present application in Suit No. FHC/PH/CS/131/2021 was filed only on behalf of the depositors who scaled through our stringent documentation and verification processes.
The cost outlay of this recovery is huge. We can no longer accommodate new claims unless such intending claimants contribute towards the cost of the recovery.
In the circumstances, we have modified our terms of engagement and will now require new claimants to:
- pay a non-refundable administrative charge of Twenty-five Thousand Naira (
N25,000.00) as your contribution towards the cost of the ongoing intervention; AND - make a written commitment to pay us 10% of any money we are able to recover on your behalf (instead of 20% as previously charged).
This offer will lapse on 31 August 2023.
Initially, we anticipated that the recovery effort will take 3 – 6 months, with an upper limit of 12 months, but the dilatory tactics employed by CBN (coupled with its recent unfreezing of MBA’s accounts despite pending court orders freezing them) may extend the timeline for recovery. However, we are doing all we can to curtail the delay.
We will need your written authorization to act on your behalf. You can give it by proceeding to the next page and giving us some transactional information.
If this is acceptable to you, indicate below by providing and validating your email address and proceed to the next page to give us additional information with the link you will receive in your provided email address.
Authored by Oyintare Dite-Ojoko
Chief Operating Officer
RecovaDebt Limited
Kindly enter your valid email address for validation to begin your recovery process.
Please I want to recover my money back
ACHESCIOMIE KALIO - April 6th, 2021 1:45 amKindly complete the recovery documentation to initiate your recovery process, input your email and accept the term on the form within this blog post and follow the instructions you will receive on your provided email
henryejemuta - April 6th, 2021 7:50 amI would like to recover my money back from mba trading
terry - May 3rd, 2021 6:11 pmKindly complete the recovery documentation to initiate your recovery process by inputting your email and accept the terms on the form within this blog post . Follow the instructions you will receive in your provided email. Check spam if not seen in your inbox.
RecovaDebt Admin - May 28th, 2021 12:53 pmI’m interested, whence I will not be dupped again
Bright - August 15th, 2022 6:40 amOK.
RecovaDebt Admin - November 22nd, 2022 3:51 pmPlease I invested 400 thousand is there any hope of getting my money back .
Ihezie Daniel - August 11th, 2021 10:40 amThere is hope, which is why we put our money into this in the first place.
The costs have exceeded our expectations due to the number of people we took on, so we’re now forced to ask claimants to contribute to the cost of recovery.
RecovaDebt Admin - August 13th, 2021 3:02 pmI sure hope that this is worth it. Thanks
John Oki - April 23rd, 2021 3:09 pmPlease the percentage is too high, make it 10% this is money we borrowed somewhere and need to be repaid. MBA only pay 15% how can I pay 20%. Please make 10% before I feel your terms.
Thanks.
Okei Afam Augustine. - April 24th, 2021 10:05 am08068611645.
Apologies, but the percentage is 20%.
There are numerous steps to achieving this near-impossible recovery. All of them cost money.
Historically, victims of Ponzi schemes like MBA Forex rarely, if ever, get their funds back.
80% is better than 0% (especially where you’re not asked to pay any money upfront).
The choice is yours.
RecovaDebt Admin - May 28th, 2021 1:01 pmplease i am interested in mine could be recovered, the 20% is fine by me
terry - May 28th, 2021 8:34 pmRead this for information on how to get your money back https://recovadebt.com/mba-forex-investment-capital-recovery/
RecovaDebt Admin - June 12th, 2021 1:04 pmGreed is the problem here! How will you charge 20%?You are just greedy here. 10% of the total sum of monies with MBA is about 12billion. Are you not thinking here. Make you fee cheaper to get more people on board!
Akin - July 26th, 2021 11:17 am5-10% isn’t bad.
Good evening sir.
Cheap service does not always translate to good service.
However, we have reconsidered our earlier position and made adjustments to our terms and conditions.
Best regards.
RecovaDebt Admin - August 4th, 2021 5:55 pmplease sir, when will the whole process end? we have been waiting for positive result since last
terry osarobo - August 4th, 2021 6:38 pmyear
We are implementing solutions to ensure that depositors get paid as soon as possible.
The one thing we are sure of at this point is this: those who sit on their hands waiting for MBA Trading to resume payment, will wait in vain.
RecovaDebt Admin - August 10th, 2021 7:56 pmI want my money back
CHIKEZIE clement - August 10th, 2021 5:52 amYour money will not come back if you don’t take steps to get it back.
RecovaDebt Admin - August 10th, 2021 7:58 pmI invested 500,000 naira since October 2020 but didn’t get return on investment for once
Ndubuisi Chibueze - April 25th, 2021 6:46 pmYou won’t get any ROI from them.
If you want your capital back, kindly complete the recovery documentation to initiate your recovery process by inputting your email and accept the terms on the form within this blog post. Follow the instructions you will receive in your provided email. Check spam if not seen in your inbox.
RecovaDebt Admin - May 28th, 2021 12:54 pmI invested #360, 000. please I need my money back🥺
Ogbonna Loveth C - August 7th, 2022 3:31 pmThen join the class action.
RecovaDebt Admin - August 8th, 2022 1:04 pmI have filled in my email address and accepted your terms and conditions yet no response from you in my email box.
Gbenga Odegbile - May 3rd, 2021 7:34 amPls check your spam folder.
If the mail is not there, try to register afresh (with a different email address, if possible).
If you still have the same challenge, use any of our other handles to reach us, let’s work on an offline registration.
RecovaDebt Admin - May 28th, 2021 12:57 pmAm intrested.
Anthony - August 6th, 2022 8:05 pmRead this. Decide. https://recovadebt.com/mba-forex-investment-capital-recovery/
RecovaDebt Admin - August 6th, 2022 8:09 pmPlease l want my money recovered .l am a new investor never paid me ROI for once,infact l joined them 20th Nov,2020.
Esther lmahiyereobo - May 19th, 2021 12:06 pmYou joined that scheme at a time when they had already defaulted on their existing investors.
It’s unfortunate, really.
If you want to get your capital back, kindly complete the recovery documentation to initiate your recovery process by inputting your email and accept the terms on the form within this blog post. Follow the instructions you will receive in your provided email. Check spam if not seen in your inbox.
RecovaDebt Admin - May 28th, 2021 12:55 pmPlease l want my money recover l invested on 20th Nov 2020 No ROI
Esther lmahiyereobo - May 19th, 2021 12:09 pmKindly complete the recovery documentation to initiate your recovery process by inputting your email and accept the terms on the form within this blog post . Follow the instructions you will receive in your provided email. Check spam if not seen in your inbox.
RecovaDebt Admin - May 28th, 2021 12:53 pmif i am getting emails from your end it means i am on track right? my sister and i invested a lot and we really need a refund, 20% is fine by me please let me know what ever evidence you do like to have to help me pursue this, my business is down for this reason
terry - May 28th, 2021 8:42 pmClick the link at the end of this piece and follow the instructions https://recovadebt.com/mba-forex-investment-capital-recovery/
RecovaDebt Admin - June 12th, 2021 1:05 pmI’ll be glad to have my money recovered. I invested N500,000 for my self and N400,00 for my mum in November 2020. I am willing to forfeit 20percent because I have never been involved in a Ponzi scheme and I allowed myself to be convinced about this. I am particularly worried because my mum is not pleased with me. Thanks for trying to help out.
Lilian Elvis-odu - May 31st, 2021 7:25 amWhatever can be done, will be done for all who subscribe to the recovery effort.
RecovaDebt Admin - June 12th, 2021 1:06 pmI have tried with 2 emails, but I’ve not receive any mail to continue the process, please help.
Marbel - June 13th, 2021 8:03 amPlease send an email to [email protected] for follow-up
RecovaDebt Admin - August 4th, 2021 5:59 pmI couldn’t see the link to proceed further. I’ve checked spam too.
Joy - June 13th, 2021 7:20 pmGood evening.
If this issue still persists, please send an email to [email protected] for follow-up.
RecovaDebt Admin - August 4th, 2021 5:58 pmPlease there is another ponzi investment called Addy Fx. There left thousands of people stranded, created a telegram gropinandnleft us pending. I would like to take actions towards them as hundreds of millions is missing.
Terry - August 6th, 2022 11:55 pmWe’ve exchanged mails with you on this?
Let’s engage some more by email, see how it goes.
RecovaDebt Admin - August 8th, 2022 1:07 pmAm willing to forfeit 20 percent. But no link was sent to me for next process. Instead they said email already used after trying several time. But not seen any link in my mail. I even check my spam.
Marbel - July 20th, 2021 7:28 am[email protected]
Good evening.
Please confirm if this issue has been resolved.
If it has not, send an email to [email protected] for us to follow up.
RecovaDebt Admin - August 4th, 2021 5:56 pmGood evening.
Remi Oladigbolu - July 27th, 2021 9:48 pmI signified my interest in the above by uploading the documents requested.
However, I have not received any reply, or an acknowledgment.
Thank you.
Good evening.
Please check your spam folder.
If the link is not there, send an email to [email protected] for us to follow up.
RecovaDebt Admin - August 4th, 2021 5:51 pmPlease sir is this particular MBA recovery platform different from the other whatsapp group? I really want to know so I can join and get my money back.
Itoro Edet - October 5th, 2022 12:38 amWe are not aware of any other Whatsapp group as we did not set up any.
RecovaDebt Admin - November 22nd, 2022 3:48 pmGood morning, just seen this. I invested N650,000 in November 2020. No single ROI before I received the news of those who were due for September ROI but not paid.
Ibiloye Benson Odunayo - August 10th, 2021 2:29 amPls, I will like to recover my hard earned money. I never compared it with ponzi scheme because the 15% ROI is not charming in forex & capital investment. When I was told they paid ROI during lockdown I wasn’t surprised because global economic meltdown doesn’t halt forex. The system kept running.
Click the link at the end of the page, follow the instructions to join the recovery effort.
RecovaDebt Admin - August 10th, 2021 7:57 pmPlease those who registered for this, how authentic is it?
David Chukwuma - August 10th, 2021 10:51 amDo your due diligence, Mr. Chukwuma.
Be Fully satisfied in your heart before committing your resources to this recovery project.
If you have any doubts, don’t do it.
RecovaDebt Admin - August 10th, 2021 8:00 pmplease how do i know that i am in this scheme of recovery? like i said earlier i am willing to let 20p go and you said it will take 6 months to recover, but i have been waiting for more than 6 months
terry osarobo - August 11th, 2021 4:55 pmIf you have not registered with us, then you are not part of the “scheme of recovery”.
To register, click the link provided or send a WhatsApp chat to (or call) 0808-666-5620 for guidance.
RecovaDebt Admin - August 13th, 2021 3:00 pmI will like my money of N1.5M to be recovered please,I am a widow and ready to abide by the rules if it is genuine and authentic
Adeleye Abiona Kikelomo Mrs - August 11th, 2021 1:33 amIt is genuine, ma.
If you know anyone in Port Harcourt, ask them to come to the office to meet with us in person.
Our founders are fairly well-known within lawyer circles in Rivers State, so make your inquiries.
If you are satisfied, join us. If you have any doubts, don’t.
You’ve lost enough as it is, considering your situation.
RecovaDebt Admin - August 13th, 2021 3:04 pmPlease I invested 400 thousand is there any hope of getting my money back .
Ihezie Daniel - August 11th, 2021 10:41 amThere is hope, which is why we put our money into this in the first place.
The costs have exceeded our expectations due to the number of people we took on, so we’re now forced to ask claimants to contribute to the cost of recovery.
RecovaDebt Admin - August 13th, 2021 3:02 pmPlease include me and help recover my money from Bara.
George Ugwunnadi - January 14th, 2022 10:29 amThank you.
Follow the steps in the mail.
RecovaDebt Admin - April 1st, 2022 11:46 amGood morning sir, when will the whole process end? we have been waiting for payment for long.thanks
Ogbodo Moses onwe - April 13th, 2022 9:18 amIf you have not taken any steps to get your money back, there is no end in sight for you.
RecovaDebt Admin - August 6th, 2022 8:24 pmIs this still valid?
Raph - August 6th, 2022 7:13 pmYes it is.
RecovaDebt Admin - August 6th, 2022 7:18 pmWhy did you delete the tweet David Hundeyin quote retweeted?
Mufasa - August 8th, 2022 8:32 amWhat tweet was that?
We screen-grabbed part of the article and gave you the link to read the entire thing for yourself.
So read.
RecovaDebt Admin - August 8th, 2022 1:00 pmI am still trying to recover from the indebtedness mounted on me by MBA,Hence I want to know if you Guys can take 30% of my invested capital since I won’t be able to pay the ₦15000 administrative charge.i invested ₦900,000
Victor Zagidom - August 7th, 2022 5:50 pmWe cannot do that at this point. So sorry.
RecovaDebt Admin - August 8th, 2022 1:00 pmI lost 400k
Odinaka - August 7th, 2022 8:17 amSo sorry to hear that.
RecovaDebt Admin - August 8th, 2022 1:05 pmIt is over one year now since you started the recovery process and yet no testimony has been recorded in this comment section? I hope people are not about to loose 15k ?
Chizubelu Gabriel Umeobi - August 11th, 2022 7:41 amYou may need to inquire about the average duration of a case in a Nigerian High Court from date of filing to final judgment.
The result of your inquiry may cause you to revise this comment.
Have a pleasant day.
RecovaDebt Admin - August 11th, 2022 10:02 amPlease I uploaded the wrong power of attorney and wrong recovery account detail, can you take me two steps backward
Femi - August 19th, 2022 10:37 pmMy name is femi and the email address I used is
Have you been able to resolve this issue?
If not, please call 0806-666-5620 to sort it out.
RecovaDebt Admin - November 22nd, 2022 3:51 pm