MBA Trading and Capital Investment Limited, a forex training and capital investment company, has reiterated its commitment to pay back investors capital funds after its inability to meet up with the expected investment revenue base due to market volatility among other challenges.

Recall that investors have been calling for payment of their capital fund across social media platforms and news platforms. An online news platform reported that investors alleged that major stakeholders in the company committed fraud.

In a statement signed by company’s CEO, Maxwell Odum titled “We will pay your money, MBA assures investors”, it assured investors that they will get the refund of their capital funds as the process has already commenced while some have already received their funds. It also maintained that it did not engage in another notorious Ponzi scheme and its major stakeholders never committed any fraud.

“Now, following the challenges we are currently grappling with in our business due to market volatility and other unfortunate developments, which means we are unable to meet up with the expected outcomes, we are strongly committed to ensuring that you do not at least lose your capital. We sold you an idea that we believed in and you have invested your funds into it because you trusted us. Where for one reason or the other things do not work out as expected in terms of your returns, the least you would expect is that your capital is safe.

“Our commitment is to pay back all capital funds. In fact, we have commenced that process by paying out our clients on the N360, 000 category (which has the largest volume of persons). To this end, we have slowly paid out hundreds of persons before we encountered an unforeseen circumstance. The Central Bank suspended any dealings in our accounts because, according to them, it became imperative to carry out some checks to ensure that we have been acting lawfully. All other payment gateways we normally use for easy payout of funds have also blacklisted us causing even more difficulty in the initial process,” the statement reads.

Commenting further on the issue with the Central Bank, it stated “On our part, we recognize the role of government’s intervention in moments of hazy optics. While we are not perfect, we do not subscribe to criminality and will not convert this intervention to exploitation of your patience to shy away from our responsibility. However, you will agree with us, in circumstances like this, we are expected to cooperate with the authorities until they lift this embargo and allow us to fulfill our commitments to you.

The statement also cleared the air on the smear campaigns against certain individuals who have sacrificially committed their time to stave off crisis from inception till now. “Especially our former Director, Mrs. Vodina West. Let’s make it abundantly clear that Ms West is not in possession of MBA’s corporate funds, neither is she deliberately or remotely a trigger-factor within the trajectory of our current development. As a matter of fact, even after taking on other opportunities completely different from what we do, she has still gone ahead to lend her hand of expertise to MBA as we fashion out the roadmap to resolving our current impasse.”

We assure you that this is what we will do the moment we are cleared to do so, which is the refund of capital funds to all our clients. We are hopeful there shall be fair and just appraisals of our operations and processes in a way that does not discourage other persons of perceived or suggestive high-handedness. As we do not know for how long we have to wait though our lawyers are working assiduously to vacate the order, it is our hope that the order restricting our account for 180 days would be vacated so we can resume paying you again.”

The management therefore asked for more patience and time from the investors to resolve the challenges they are currently facing.

“So, please, give us some time to sort things out; no matter how inaudible it appears, we are working zealously for your advantage keeping in mind that the current conditions are exhaustive and depressive. Confidently, by the time we are communicating next with you it would be to inform you that we have resumed putting some money in your accounts.” The statement reads.

The Chairman of the Independent National Electoral Commission (INEC), Professor Mahmoud Yakubu, has met with all the Resident Electoral Commissioners in Abuja, the nation’s capital. Speaking at the commission’s headquarters on Monday, he directed all RECs to submit an inventory of all electoral materials in their care ahead of the next general election.

Professor Yakubu said the move is necessary to enable the commission to overcome the logistics challenges it faces during elections promising that the next general election will be better than all previous polls. “As you are also aware, the commission is committed to deepening the culture of planning for elections. The current five-year plan covering the period 2017-2021 expires this year,” he said.

“For this reason, a committee involving the participation of some Resident Electoral Commissioners was inaugurated a few weeks ago to review the strategic plan and the strategic programme of action to cover the next cycle of five years, 2022-2026.

Today is International Women’s Day, a day globally noted for celebrating the social, economic, cultural, and political achievements of women. It is also a day to call for actions that will accelerate gender parity.

This year’s event with the theme ‘Women in Leadership: Achieving an Equal Future in a COVID-19 world’ reflects the novelty of the times we are in and is a pointer to the need to continue to further the cause of women in spite of the COVID-19 pandemic and our new normal. This formed the centrality of Sen. Oluremi Shade Tinubu in her goodwill speech to all women worldwide.

She noted: ‘I am delighted to celebrate with Nigerian women and our counterparts all over the world on the commemoration of International Women’s Day, 2021.’

‘The global UN theme for this year’s celebration, “Women in Leadership: Achieving an equal future in a COVID-19 world” reflects the novelty of the times we are in, and is a pointer to the need continue to further the cause of women in spite of the COVID-19 pandemic and our new normal. The pandemic has brought to the fore, the urgent need for more women in leadership and management; and the importance of socio-economic empowerment of women across board.’

‘Unfortunately for us in Nigeria, in addition to the effects of COVID-19, we have other issues including but not limited to insurgency and banditry to contend with. The effect on our younger generations, particularly the girls, some of whom are still being held by their abductors is unimaginable. If we let this scourge continue to ravage our Nation, who would be left for us to bequeath anything at all?’

‘There is work to do towards ensuring that we have a viable Nation where young girls and women can wake up, secure, happy and proud to be Nigerian.’

She then charged women in Nigeria to provide veritable support for one another, ‘As a Nigerian woman, what are you doing in your business to support and empower women? What role are you playing to challenge gender biases and discrimination in your Community? Are you still conforming to gender stereotypes? What are you doing to ensure that girls and women around you have a voice and can use it effectively?’

‘Beyond the rhetoric, I challenge men and women alike to support women and their causes, condemn in absolute terms all forms of gender based violence and crimes against women, and create around you, an environment that ensures that women can flourish and thrive. As women, we must also continue to show strength and courage, challenging assumptions and raising the bar in our homes, businesses, our chosen careers, management and public office.’

‘I look forward to a world that is safe for our daughters, sisters and mothers; and assure you of my continued commitment to the advancement of rights and causes of womenfolk. I support another woman’