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REVEALED: Real Faces Behind N181 Billion Fraud, Swindling Of Investors By MBA Capital And Trading Limited

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5 years ago

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One of the latest ones involves MBA Capital and Trading Limited, a forex training and capital investment company.

In recent years, Nigerians have been victims of various Ponzi schemes, losing billions of naira to such schemes.

One of the latest ones involves MBA Capital and Trading Limited, a forex training and capital investment company.

The media had in February exposed how the company obtained money from Nigerians using the guise of investment and disappeared.

Some of the victims claimed they were defrauded of billions of naira, adding that the company closed on December 22, 2020, for the festive season but it has failed to resume since then.

An investor, Favour Senibo, had told the media that she invested her money with MBA after seeing a publication stating that the company was established with a vision to impact the general populace with the knowledge of trading forex and creating platforms that will bring about sustainable financial freedom.

She also said the CEO, Maxwell Odum, claimed the company had been certified by necessary regulatory agencies in Nigeria and that the company, unlike others, was not a Ponzi scheme.

Odum had promised a 15 percent return on capital investment (ROI) for investors with a capital Investment of N360, 000 to N5 million.

According to her, a few months later, it was announced that MBA had been acquired by a certain company, World Citizen Equity Partners (WCEP), which would inject more investment to grow the business.

Another investor, Alalibo Amachree, said MBA had changed its name to Men In Business Thrive And Credit Cooperative Limited (MIBAC). He said he heard about the investment company from an online advert, and invested N3.5 million.

Amachree said he had no job at the moment and was already suicidal because of the challenges confronting him.

Also, David Spencer, another investor, said he was introduced to MBA by a staff member who claimed that the investment scheme was government-approved.

He said he regretted his decision and was shocked by the developments.

Though MBA was registered with the Corporate Affairs Commission and the Special Control Unit Against Money Laundering by one Maxwell Odum as the CEO, the media gathered that the company is owned by one Kevin Ndago, an ‘international fraudster’ who entered Nigeria as a Cameroonian along with his girlfriend, Bitaniya Zaeb, an Ethiopian.

They were said to have used Odun to defraud Nigerians of over N181 billion.

“Kevin Ndago who bears Kevin Kiliminati, his true identity was revealed recently in his Venuatu passport procured to hide his true identity as an international fraudster and ex-convict in Cameroon. He lured desperate Nigerians seeking second citizenship to be able to live abroad with promises of investment opportunities across the globe, investment partnership with billionaires across the borders of Nigeria,” a senior officer at Wuse Zone 3 police station told the media.

We got to know all this information during an investigation where a Nigerian activist and legal practitioner was swindled of about $140,000 by the company to get French passports for his children living in the United Kingdom.

“Kevin’s main accomplice and girlfriend, Bitaniya Zaeb poses as a staff member of an international company called World Citizens Equity and Partners and deployed to Nigeria to oversee the affairs of the office. Their modus operandi engages citizens of other African nations and Nigerians who spy on Nigerians with big fat bank accounts after which Kevin and Bitaniya arrange to visit them. During the visit, the duo will convince the clients to part with their money.

“It was during the course of such racketeering that Kevin Ndago and Bitaniya Zaeb met with Maxwell Odum and decided to incorporate their scheme into MBA Capitals and quickly purchased over 90% shares of MBA Capitals using their former company, WCEP.

“While Kevin Ndago and Maxwell Odum are still at large, Bitaniya Zaeb is still in Nigeria hobnobbing with Nigerian politicians to steal billions of naira being coordinated by a newly incorporated firm, called True-North Citizens Ltd. The True North Citizens Ltd is now being used as a front by Kevin Ndago who called the shot from the UK with his Nigerian accomplices and highly placed persons in the Ethiopian Embassy in Nigeria.

“Both individuals are currently fighting tooth and nail using the office of the Federal Capital Territory Commissioner of Police and some members of the National Assembly to thwart ongoing police investigations into their activities that were reported to our office and other police stations across the country.”

Meanwhile, some investors have petitioned Interpol and the Economic and Financial Crimes Commission (EFCC) about the activities of the company and its owners.

Another police source told our correspondent many Nigerian politicians with corruption cases have procured second citizenship through the help of Bitaniya and Kevin.

“Many of their victims have since died whilst others are still believing in us (police) and EFCC to track Maxwell and Kevin in order to recover their funds.

“Whilst poor citizens are languishing in poverty and pains, Bitaniya and Kevin are living in affluence after using the proceeds of the crime to purchase properties in the UK, USA, Ethiopia and Dubai, so sad,” he said.

Culled from the Sahara Reporters

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Burbank Marriage Unravels After Woman Allegedly Used Tracking Devices to Monitor Husband

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2 months ago

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December 27, 2025

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Burbank, Calif. — What began as a seemingly happy two-year marriage ended in confrontation and police involvement after a Burbank woman allegedly used multiple electronic tracking devices to monitor her husband’s movements, authorities and sources familiar with the situation said.

According to information obtained by this outlet, the marriage between Amos and Yolanda deteriorated after Yolanda allegedly placed Apple AirTags, Tile trackers, and a GPS tracking device on Amos’ vehicle and personal belongings without his knowledge. The devices reportedly allowed her to monitor his location in real time and reconstruct his daily movements across the city.

Friends of the couple said the marriage appeared stable during its early years, with the pair often seen together at community events and social gatherings. However, tensions reportedly escalated when Yolanda began confronting Amos about his whereabouts, referencing locations and timelines he had not shared with her.

The situation reached a breaking point when Yolanda allegedly tracked Amos to an apartment complex in Burbank, where she believed he had gone without informing her. Sources say she arrived at the location shortly after he did, leading to a heated confrontation in the parking area of the building. Neighbors, alarmed by raised voices, contacted local authorities.

Burbank police responded to the scene and separated the parties. While no arrests were immediately announced, the incident marked the effective end of the couple’s marriage, according to individuals close to Amos.

Legal experts note that the unauthorized use of tracking devices may raise serious privacy and stalking concerns under California law, depending on intent and consent. Law enforcement officials have not publicly disclosed whether an investigation remains ongoing.

The case underscores growing concerns about the misuse of consumer tracking technology, originally designed to help locate lost items, but increasingly implicated in domestic disputes and surveillance-related allegations.

As of publication, neither Amos nor Yolanda had publicly commented on the incident.

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Kaduna Governor Commissions Nigeria’s First 100-Building Prefabricated Housing Estate

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3 months ago

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November 14, 2025

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Kaduna, Nigeria – November 6, 2025 — In a major milestone for Nigeria’s housing sector, the Governor of Kaduna State has commissioned a 100-unit mass housing estate developed by Family Homes and executed by Karmod Nigeria, marking the first-ever large-scale prefabricated housing project in the country.

Completed in under six months, the innovative project demonstrates the power of modern prefabricated construction to deliver high-quality, affordable homes at record speed — a sharp contrast to traditional building methods that often take years.

Each of the 100 units in the estate is designed for a lifespan exceeding 50 years with routine maintenance. The development features tarred access roads, efficient drainage systems, clean water supply, and steady electricity, ensuring a modern and comfortable living environment for residents.

According to Family Homes, the project represents a new era in Nigeria’s mass housing delivery, proving that cutting-edge technology can accelerate the provision of sustainable and cost-effective homes for Nigerians.

“With prefabricated technology, we can drastically reduce construction time while maintaining top-quality standards,” said a spokesperson for Family Homes. “This project is a clear demonstration of what’s possible when innovation meets commitment to solving Nigeria’s housing deficit.”

Reinforcing this commitment, Governor Uba Sani of Kaduna State emphasized the alignment between the initiative and the state’s broader vision for affordable housing.

“The Family Homes Funds Social Housing Project aligns with our administration’s commitment to the provision of affordable houses for Kaduna State citizens. Access to safe, affordable and secure housing is the foundation of human dignity. We have been partnering with local and international investors to frontally address our housing deficit,” he said.

Also speaking at the event, Mr. Ademola Adebise, Chairman of Family Homes Funds Limited, noted that the project embodies inclusivity and social progress.

“The Social Housing Project also reflects our shared vision of inclusive growth, where affordable housing becomes a foundation for economic participation and improved quality of life.”

Karmod Nigeria, the technical partner behind the project, utilized its extensive expertise in prefabricated technology to localize the process, employing local artisans and materials to enhance community participation and job creation.

Industry experts have described the Kaduna project as a blueprint for future housing initiatives nationwide, capable of addressing the country’s housing shortfall more efficiently and sustainably.

With this pioneering development, Kaduna State takes a leading role in introducing modern housing technologies that promise to reshape Nigeria’s urban landscape.

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Houston and Owerri Community Mourn the Passing of Beloved Icon, Lawrence Mike Obinna Anozie

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5 months ago

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October 3, 2025

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Houston was thrown into mourning on September 19, 2025, following the sudden passing of businessman and community advocate Lawrence Mike Obinna Anozie, who peacefully joined his ancestors. Immediate family member in Houston, Nick Anozie, confirmed his untimely death and expressed gratitude for the outpouring of love and condolences from both the Houston and Owerri communities.

Lawrence was born to Chief Alexander and Lolo Ether Anozie of Owerri in Imo State, Nigeria, and will be dearly remembered by family members, friends, and the entire Houston community.

An accomplished accountant, the late Lawrence incorporated and successfully managed three major companies: Universal Insurance Company, LLC, Universal Mortgage LLC, and Universal Financial Services. Through these enterprises, he not only built a thriving business career but also created opportunities for countless individuals to achieve financial stability. His contributions to entrepreneurship and community development will remain a lasting legacy.

According to the family, arrangements for his final funeral rites are in progress and will be announced in due course.

Lawrence will forever be remembered as a loving and compassionate man who dedicated much of his life to uplifting others. He helped countless young Nigerians and African Americans overcome economic challenges by providing mentorship, financial guidance, and career opportunities. His generosity touched the lives of many who otherwise might not have found their footing. A devout Catholic, he was unwavering in his faith and never missed Mass, drawing strength and inspiration from his church community. To those who knew him, Lawrence was not only a successful businessman but also a pillar of kindness, humility, and faith whose legacy of service and compassion will continue to inspire generations.

For more information, please contact Nick Anozie – 832-891-2213

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