A FOREX trader took his own life after losing investment of more than fifty million naira to MBA Trading and capital investment.
The deceased identified as Ekanem Idongesit commited suicide after he invested his sister’s 53 million naira in MBA.
It was gathered that the deceased’s sister who lives abroad gave him the money for a land and housing project in Uyo, Akwa Ibom state.
However, Idongesit misappropriate the funds by investing in MBA to make more money for himself before carrying out the sister’s project.
There were reports that MBA crashed some months ago. MBA stopped paying their investors since December 2020.
Although, they sent messages to their investors saying they shouldn’t worry and will reopen from January 6th 2021.
