By Chinyere Nnaemeka
Another fraudulent investment platform, MTS/TOFRO, has shut down it’s operations with the funds of many Nigeria gone with it.
The platform Daily Nigerian Horn gathered locked out it’s users from accessing the site on Saturday, April 19, 2025.
The CEO of the platform, Harris Levy, who presented himself as a seasoned foreign investment expert and reassured investors of the platform’s legitimacy, we learnt earlier told investors that MTS/TOFRO was formalizing its registration with Nigeria’s Securities and Exchange Commission (SEC) through a visiting legal team.
So we ascertained that between April 14 and 19, the platform restricted withdrawals for the said purpose, only for them to finally block Nigerian users from accessing it by April 19.
An investigation revealed that MTS/TOFRO operated through four administrative accounts: “Harris Levy,” “Harris Levy 2,” “MTS Administrator,” and “AllThings MTS.”
A source said, “The last account is reportedly managed by a Nigerian popularly known as AllThings, said to be instrumental in bringing MTS to Nigeria.
“He is currently unreachable and is reportedly using a UAE phone number while hiding in Nigeria.”
The Economic and Financial Crimes Commission (EFCC) is yet to issue a statement on the issue, but victims are calling for immediate action to trace and recover stolen funds. Many are urging collaboration with international agencies like INTERPOL to apprehend the perpetrators.
The MTS/TOFRO scam comes just days after the SEC announced an investigation into another massive digital fraud involving Crypto Bridge Exchange (CBEX), which allegedly defrauded Nigerians of over N1.3tn through an unregistered investment scheme.
