A Federal High Court sitting in Port Harcourt, Rivers State has adjourned the matter brought before it by investors of failed MBA Forex Scheme to compel regulatory agencies including the Economic and Financial Crimes Commission, EFCC to retrieve their capital and return to them to November 17, 2021.
Justice, Stephen Pam adjourned the matter after it was brought to his notice that their is a similar suit pending before a court of coordinate jurisdiction.
This was after lawyer to the investors, Emeka Ojukwu had pleaded with him to await the decision of the other court before it hears the case.
He explained that they approached the court because it was where the Central Bank of Nigeria obatained an order to freeze the MBA Accounts.
He alleged that most of the money in their custody had disappeared with only about N113 million left and that they want the Apex bank to explain the movement of funds in their possession .
Ojukwu, who accused the CBN of failing to play its regulatory role to protect investors, also accused banks of complicity.
