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

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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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Houston

Fifty and Fabulous: Chief Oby Marcel Celebrates a Golden Milestone in Houston

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Houston philanthropist and community leader reflects on five decades of faith, family, resilience and service as friends and well-wishers prepare for her grand golden jubilee celebration on October 31, 2026.

HOUSTON, TEXAS — Turning 50 represents far more than reaching a milestone in age. It is a celebration of maturity, accumulated wisdom, personal accomplishments and the extraordinary journey through life’s challenges and triumphs. For many, the golden jubilee offers an opportunity to reflect on meaningful relationships, embrace renewed purpose and look toward the future with gratitude and confidence.

For Houston-based philanthropist and community leader Chief Oby Marcel, that milestone has arrived with excitement, thanksgiving and an unmistakable sense of fulfillment.

Chief Oby Marcel: This milestone has arrived with excitement, thanksgiving and an unmistakable sense of fulfillment.

All roads will lead to the Trinity Event Center, 8402 Howell Sugarland Road, Houston, Texas, on Saturday, October 31, 2026, when Chief Oby Marcel hosts a prestigious golden jubilee celebration beginning at 7 p.m. The anticipated all-formal gathering will bring together family members, friends, community leaders, associates and well-wishers to celebrate a woman whose life reflects a commitment to family, cultural identity, community engagement and service.

Speaking enthusiastically about her approaching birthday, Chief Oby Marcel described the occasion as a deeply personal celebration of divine grace and the experiences that have shaped her journey.

“Wow! I can hardly believe I’m stepping into the radiant glow of 50! My heart is dancing with joy, overflowing with excitement, and wrapped in deep gratitude,” she declared.

“Fifty beautiful years of God’s grace, unfailing love, abundant blessings, renewed strength, and memories that shimmer like precious jewels. Through every storm and sunrise, every challenge and triumph, every tear and laughter-filled moment, God has remained faithful.”

Beyond the birthday festivities, Chief Oby Marcel’s golden jubilee highlights her active participation in several cultural, religious and philanthropic organizations within Houston’s Nigerian community.

She is a prominent member of Gold Club International, where she holds the distinction of Lady Gold and serves as Admission Chairlady. She also serves as Treasurer of Prestige International and Assistant Financial Secretary of CWO Aquinas. Her community involvement extends to First Umuokpu Anambra USA, the Aguleri-Otu cabinet and the Omambala Cultural Association in Houston. Through these affiliations, Petersen maintains connections with organizations dedicated to cultural preservation, fellowship, mutual support and community development.

As a mother, philanthropist and community leader, she represents a generation of Nigerian women in the diaspora who balance family responsibilities with active participation in organizations that strengthen cultural bonds and promote collective progress.

The Young Shall Grow: From the Innocence of Yesterday to the Golden Glory of Today — 50 Years of Grace, Beauty, and Becoming.

The significance of turning 50 reaches beyond organizational achievements or public recognition. It represents an opportunity to embrace life with greater wisdom, confidence and optimism. According to Chief Oby Marcel, “I’m not simply turning 50; I’m crossing the threshold into a dazzling new chapter filled with wisdom, confidence, happiness, purpose, and endless possibilities.”

“I’m proud of the woman I’ve become, grateful for every mile God has carried me, and thrilled by the beautiful horizons unfolding before me.” Her enthusiasm captures the spirit of the forthcoming celebration: an occasion dedicated not merely to marking five decades but to honoring a journey defined by resilience, gratitude and enduring faith.

As preparations continue for the October 31 festivities, Chief Oby Marcel is approaching her golden milestone with a message of renewed hope and determination. “At 50, I’m not getting older; I’m blooming brighter, standing stronger, growing wiser, and becoming even more fabulous!”

And with that declaration, the celebrant offers a fitting conclusion to her golden jubilee reflections: “Cheers to my golden jubilee! My best years are still ahead of me!”

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Houston

Membership Interest Soars After Sugar Land People’s Club’s Successful Induction

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Branch considers annual induction as August celebration of prestige, culture and comradeship inspires growing community interest

HOUSTON, TEXAS — Membership requests to the Sugar Land Branch of People’s Club of Nigeria International (PCNI) have risen significantly following its successful August induction ceremony, prompting the organization to consider making the event an annual affair.

Group Chairman, Hon. Prof. Chris Ulasi, confirmed the surge in interest, saying the branch has received numerous inquiries from prospective members since the ceremony that formally admitted 16 new members to the organization.

“The response since the induction has been remarkable. We have seen a significant increase in people asking about membership and how they can become part of the People’s Club family,” Ulasi said. “Many of them attended the event or heard about it afterward and were impressed by the fellowship, dignity, cultural pride, and genuine comradeship they witnessed.”

Ulasi said the development, including a possible change from the current bi-annual induction arrangement to an annual ceremony, would be discussed at the branch’s September general meeting.

The renewed interest in membership comes on the heels of an elaborate induction that attracted national officers, patrons, branch chairmen, members, and guests from across the People’s Club family.

National President, Atty. Fidelis Onyebueke, who presided over the swearing-in of the 16 inductees, described the event as a total success and commended the Sugar Land Branch, PCNI’s First International Branch, for what he called an exceptional celebration of fellowship, culture, service, and unity.

During the formal ceremony, each inductee was invited to the podium to take the membership oath and receive a certificate from the national president, who was assisted by PCNI Attorney Chukwuka John Ukadike.

Beyond the admission of new members, however, the event offered guests a public display of the traditions that have historically defined the People’s Club: prestige, love, service, and comradeship. Those characteristics were reflected throughout the ceremony, from the reception of national officers and interaction among members to the formal induction, cultural presentation, and extended social celebration that followed.

Grand Patron, Ide Obinna Nnanyelugo Mbachu, said the growing interest in membership was an indication that the organization’s values resonated with guests who experienced the event.

“What people witnessed was the character of People’s Club—the love among members, respect for one another, willingness to serve, and the comradeship that brings us together,” Mbachu said. “Prestige is not simply about appearance; it is about how we conduct ourselves and how we treat people. When the community sees those values demonstrated, it is understandable that others would want to become part of the organization.”

The cultural presentation was among the most visible features of the evening. Women members and associates appeared in coordinated traditional attire featuring red-pinkish blouses with matching head ties and white wrappers bearing the PCNI logo. The men wore all-white outfits complemented by customized PCNI cap pins and distinctive PCNI sashes worn as neckpieces.

The coordinated appearance created a colorful expression of Nigerian cultural identity while reinforcing the sense of unity that characterized the gathering.

As the formal program concluded, the ceremony transitioned into an extended social celebration. Members, inductees, and guests shared food and drinks before taking to the dance floor, with music and festivities continuing into the early hours of Sunday.

The presence of members and officials from different branches also gave the ceremony broader significance for Sugar Land, whose status as the First International Branch places it prominently in PCNI’s history outside Nigeria.

For Ulasi, however, the strongest indication of the event’s impact came afterward, as inquiries from prospective members continued to reach the branch.

He said that while the organization welcomes the increased interest, prospective members would be expected to understand the responsibilities and traditions associated with belonging to the People’s Club. “Membership is about much more than attending social events,” Ulasi said. “It is about service, friendship, responsibility, and commitment to one another. Those are the values we intend to preserve as the branch continues to grow.”

The September meeting is expected to consider how the branch will respond to increased membership interest and whether the success of the August ceremony provides sufficient grounds to move to an annual induction schedule. For the Sugar Land Branch, the aftermath of the August induction may prove as significant as the ceremony itself: 16 members entered the People’s Club that evening, but the celebration appears to have inspired many more to seek a place within its ranks.

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Houston

People’s Club Sugar Land Celebrates Landmark Induction of 16 New Members

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National President Atty. Fidelis Onyebueke hails First International Branch for a spectacular celebration of culture, fellowship and service

HOUSTON, TEXAS — The Sugar Land People’s Club of Nigeria International (PCNI), the organization’s First International Branch, has been declared a total success following a spectacular bi-annual induction ceremony that brought together national leaders, branch chairmen, patrons, members, and guests from across the People’s Club family.

National President Atty. Fidelis Onyebueke, who presided over the swearing-in ceremony, commended the Houston branch for delivering an outstanding event that reflected the organization’s enduring traditions of friendship, fellowship, service, and community.

Hon. Prof. Chris Ulasi, SLPCNI Chairman, leads the grand entrance of the national leadership during the induction ceremony, followed by National President Atty. Fidelis Onyebueke and his wife.

“The Houston branch has once again demonstrated what People’s Club represents at its very best. This was a beautifully organized and highly successful event, rich in culture, fellowship, dignity, and unity. I commend the leadership, members, and entire Houston family for an exceptional celebration worthy of the First International Branch.”

The ceremony witnessed the formal swearing-in of 16 new members, each of whom was individually invited forward to receive a certificate of membership from the national president. Onyebueke was assisted in administering the oath by PCNI Attorney Chukwuka John Ukadike.

Group Photo: Women Members and Associates of SLPCNI

The inductees joined an impressive gathering that reflected the diversity and strength of the People’s Club community. Members and guests traveled from various branches across the United States and beyond, transforming the Houston ceremony into a truly international gathering.

The cultural elegance of the occasion was equally striking. Women appeared in colorful, coordinated traditional attire, featuring red-pinkish blouses and matching head ties paired with white wrappers prominently designed with the PCNI logo. The ensemble created a distinctive and dignified traditional look. Men complemented the occasion with elegant all-white outfits, customized PCNI cap pins, and special PCNI sashes worn as neckpieces.

Among those in attendance were Grand Patron Ide Obinna Nnanyelugo Mbachu; Hon. Prof. Chris Ulasi, Group Chairman; patrons and chairmen from various branches, and People’s Club members representing chapters across the globe.

The formal proceedings eventually gave way to an extended celebration of friendship and camaraderie. Food, drinks, music, and dancing carried the festivities well beyond the scheduled program, continuing for hours into the early morning of Sunday.

For the Houston branch, the celebration represented more than the admission of new members. It reaffirmed the historic importance of the First International Branch and demonstrated the continuing strength of People’s Club as a transnational fellowship rooted in Nigerian identity, friendship, service, and mutual support.

The successful ceremony also underscored the organization’s ability to bring generations and branches together while preserving the cultural traditions that have sustained its membership across continents.

By the end of the celebration, Houston had delivered more than an induction. It had delivered a memorable demonstration of unity, culture, friendship, and organizational excellence—an event that fully embodied the People’s Club spirit.

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