MBA Trading and Capital Investment, popularly known as MBA Forex has come and gone but its impact still lingers.
According to the EFCC, Nigerians lost about ₦213 billion to this company with its founder, Mr. Maxwell Chizi Odum wanted and on the run.
What Nigerians lost with Ponzi schemes like MBA Forex, a legitimate trading company called OmegaPro has come to restore.
But how do both companies compare and contract?
10 differences between MBA Forex and OmegaPro.
1. Founders:
MBA Forex was founded by Mr. Maxwell Chizi Odum, an Ikwere man from Rivers State, Nigeria.
OmegaPro on the other hand is founded by three men.
Mr. Andreas Szakacs, an ex-military personnel from Sweden is the current CEO.
Mr. Dilawar Singh, an Indian born former sports trainer is the current CNO.
Mr. Mike Sims, a notable international entrepreneur from USA is the current Strategic Advisor.
2. Reputation of Founders:
Mr. Maxwell Odum has no traceable past including work experience or career path. It is as if he just appeared from nowhere and set up MBA Forex to defraud Nigerians and fund his lifestyle.
OmegaPro’s founders on the other hand have traceable pasts with the company’s CEO and CFO interviewed by Forbes Magazine. Click HERE and HERE to read.
3. Social Media standing of Founders:
Mr. Maxwell Odum has no verifiable social media handle.
The CEO and CFO of OmegaPro are both verified on Instagram. In Instagram’s words, getting verified means that the platform has confirmed your profile as “the authentic presence of the public figure, celebrity or global brand it represents.” They also have a combined following of over 5.8 million on the social media platform. Click HERE and HERE to follow them on Instagram.
4. Longevity:
OmegaPro and MBA Forex were both registered in 2018 and both started operations in 2019. OmegaPro has steadily grown to over 2 million registered and satisfied users/customers from over 200 countries with constant daily payout since inception.
MBA Forex crashed in December 2020 with mostly Nigerians especially Port Harcourt residents as their investors and had no standing abroad.
According to a court document sighted by Standard Observers, MBA Forex had 125,387 investors in its branches in 10 states (including the Federal Capital Territory) in Nigeria which included:
Abia State with 3,159 investors;
Abuja with 10,992 investors;
Lagos State with 18,990 investors;
Delta State with 10,619 investors;
Edo State with 6,170 investors;
Cross Rivers State with 2,839 investors;
Others are Enugu State with 2,560 investors;
Imo State with 7,821 investors;
Akwa Ibom State with 2,948 investors and Rivers State (Port Harcourt) with 59,289 investors.
According to the Central Bank of Nigeria, investors from Rivers State (Port Harcourt) made up 43.45 per cent of the total investors in MBA Forex.
5. Minimum Investment:
The minimum deposit with MBA Forex Trading was $1,000 which was almost ₦400,000 based on Dollars to Naira exchange rate back then. MBA Forex was for major investors with big spending power.
The minimum package in OmegaPro called the Start-Up Trader Package is $100 which is comfortably below ₦100,000 based on current Dollars to Naira exchange rate affording more people the opportunity to sign up.
6. Monthly Returns:
MBA Forex promised as much as 15% monthly returns to their investors which is a bit outlandish based on the volatility of the Forex market. OmegaPro on the other hand promises minimum returns of 0.4% per day which amounts to between 8-10% minimum returns per month which is a sustainable amount.
7. Contract Duration:
MBA Forex’s minimum contract period was 6 months while OmegaPro’s contract period is 16 months. With MBA Forex, your contract can’t be cancelled till maturity whereas with OmegaPro, one can cancel their contract and take their money back based on certain terms and conditions.
8. Really Trading Forex?
MBA Forex claimed to trade the Forex Market for its investors but had no evidence to back up this claim.
There are people who got paid by MBA Trading when it was functional but not because they were trading Forex for their investors, they were just collecting money from people and giving it to others. Newer deposits are used to pay out older profits. That’s how Ponzi schemes operate. Ponzi schemes always crash in the end because they always run out of money, since the whole concept is an unsustainable scam. No real values are created, no profits are achieved, just an illegal and dirty game is played with money.
OmegaPro on the other hand actually trades the Forex market using the Neptune Strategy with proof backing this claim. Click HERE to read.
9. SEC Warning:
Nigerians were warned against investing in MBA Forex by the Securities and Exchange Commission (SEC) calling it a Ponzi scheme back in March 2020 months before the crash of the company. OmegaPro has not been condemned by SEC and is not registered with SEC because it’s not a Nigerian registered company but an International firm.
10. Public Figure Association:
On board with OMEGAPRO in either advisory, training, brand ambassadorial roles includes high profile individuals like Kanu Nwankwo (click HERE), Jay Jay Okocha (click HERE), Ronaldinho (click HERE), Samuel Eto’o (click HERE), John Terry, Les Brown, Eric Thomas, Eric Worre, Jordan Belfort (The Wolf of Wall Street), Luis Figo, Roberto Carlos, Kaká, Iker Casillas, Wesley Sneijder and many more. Click HERE to watch a video.
MBA Forex on the other hand, never had anyone associate with them.
References:
- 15 Reasons You Can Trust OmegaPro
- Is Network Marketing Just a Scam? – Entrepreneur
- MBA Forex Trade Crashes, Leaves Investors Without Return Of Investments
- MBA TRADES REVIEW | SCAM ALERT
- MBA FOREX Trading and Capital Investment Review-How Does It Work
- EFCC Declares MBA Forex Owner Wanted Over N231bn
- SEC discovers 12 Ponzi scheme operators, warns investing public
- Official Disclaimer on SEC Registration of MBA Capital and Trading Limited
- Another Ponzi scheme hits Port Harcourt after MBA forex crash
- MBA Forex Scam : Victims Take Protest to EFCC Headquarters
This is very interesting to read and understand. My faith and heart is strenghtende. Omegapro wil change the trading fears and narratives of people
Yes Yes Yes. Madam Grace, OmegaPro is truly changing the narratives of people. Thank you so much for the response.
OmegaPro is truly a blessing that God is using to to impact the World.
Exactly. OmegaPro is a blessing indeed. Thanks for the response.
Great to note. This aliviates fear of many potential participants. I will no more shy to sprade Omega in my constituency because of my image. From South Cameroon let’s go round teaming to better individual economy.
Thank you so much Mr. Daniel. How is Southern Cameroon this morning? My regards to your family Sir. All the very best.
Well, with the damage MBA has done, it’s took me 3weeks before I could invest in Omega Pro, my friends are waiting to see the outcome before they can invest.
Mr. Sunday just three weeks? It took me a year to join. My big regret was not joining sooner. Thank you so much for the comment. I appreciate you.
OMEGAPRO is just a blessing!
Exactly. The sooner people know this the better.
Explanation is clear and valuable to make decisions..
Thank you so much Oga Femi. I appreciate you.
Omegapro is here to change the narrative, Very sustainable payout and omegapro is here for the long haul … Cheers
Exactly. We are here to stay for the long haul. Thank you so much Sir
In as much as this will appear to be true it is however not the case
PORTHARCOURT people love Ponzi schemes
They use to tell us they don’t want to do forex business because of MBA but when IPC came with 100% in one month they rushed it like ants on sugar
IPC was using the biggest hall in Emerald Hotel and the place will overfull with many people standing
Since then I realised their real reason for not joining omegapro massively. They believe the return is small and they also prefer to be cashing out every now and then.
The solution is to keep educating them about the process of genuine wealth creation
Showing them the difference between Omegapro and other platform is also a part of the education process.
Wow. This is eye opening. Thank you for sharing Barrister Mercy.
Education is simply the key. Let’s start from BDB latest training ” Difference bw MLM & Ponzi.
Monday 6 June 2022 Recording 10am (BACKOFFICE TRAINING & DIFFERENCE BTW PONZI & MLM)
https://us02web.zoom.us/rec/play/E2xsR3_g3XaFrsEJM53wzbSMuVBM-k7ilCdfyl7ztr4A8Ef9q-lpMv2bt7UAY7yIhpsHjxg5AKrtVSWD.42fjRLjmGIObRoK8?autoplay=true&startTime=1654506713000
By BDB
Education is simply the key. Thank you so much for sharing.
You’re great. Awesome write up.
Thank you for reading Sir. I appreciate you Sir.
Good work! Keep it up Bro
Thank you so much Blue Diamond Matthew. I appreciate Sir
Thank you Sir
Thank you too Emmanuella
Thank you so much for this great information
Awesome. Thank you Faith.
Wow! Mindblowing.. this is a very insightful piece . I strongly believe that the detailed information provided here will help build the confidence of customers and prospects in Omegapro.. kudos for a job well done sir !
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Simply boombastic, explicit content.
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Omegapro is beyond what people think it is. My own view is, people don’t know yet, and, I pray they won’t tarry much longer, because, the more you say no to an opportunity like Omegapro, the more you delay when you ought to share a success story. As for MBA, it was obvious from the inception that, the business just wanted to do copy copy and scam people and, the result today is seen, it just pains me for those that were hit big time.
My advice, Get Omegapronized now.
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