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FromBare2Blue: MBA Urges Federal Government To Regulate Forex



MBA Forex: The Path To Financial Freedom

The Managing Director MBA Forex, Mr. Maxwell Odum has called on the Federal Government to regulate Foreign Exchange Investment market in Nigeria.

Maxwell stated this during a media conference over the weekend at Victorial Island, Lagos, heralding the ‘FromBare2Blue’ a financial revolution round-table discussion event.

He said, “Investors money can only be protected by government regulatory body. The body becomes the middleman between the brokers and investors. Till date, Forex is not regulated in Nigeria. The only common ground is the regulatory body to ensure protection and if the federal government can seize forex opportunity it would be a of great advantage to all and reduction of unemployment”.

“If people see government’s involvement in it, they will want to come in, because the regulatory body can stand as the middle man between the broker and the investors”.

Speaking on the forthcoming event, ‘FromBare2Blue’ Odum disclosed that the two day event is aimed at exposing Nigerians to financial freedom, and bringing dynamics of how narratives can be put together to tackle unemployment and a fraud free country.

“MBA Forex is changing the narratives by pushing for regulation of forex companies coming into Nigeria.

“This will help in putting a check on fraudulent activities relating to forex trade and also protect Nigerians by ensuring that people go into forex through right channels.”

“We want the market regulated because we want those in forex trade to follow the right path, not getting their hands burnt, because a lot of fraudulent activities is going on in forex market and has made many people to become sceptical about the business,” he said.

Africa News24 (AN24) reports that the two day event is scheduled to begin 17th of August at Oreintal Hotel, Victorial Island and 18th of August at D’Podium, Ikeja.



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