Tingo Boss, Dozy Mmobuosi Rejects US ‘Fraud’ Charges

Posted on January 6, 2024

Nigerian fintech businessman, Dozy Mmobuosi, has rejected charges filed against him by the United States Securities and Exchange Commission (SEC).

In an indictment made public on Tuesday, Mmobuosi, the boss of Tingo Group, was accused of conspiracy, securities fraud, and falsifying records with the U.S SEC.

However, in a statement on Thursday, the entrepreneur rejected the validity of all the allegations presented by the U.S attorney’s office for the southern district of New York.

He said the allegations are unfounded, and he is “preparing to contest them to the full extent of his capacity”.

Mmobuosi said he will not be making specific statements “regarding the allegations for now, as the matter is now in the purview of the courts”. 

According to Reuters, Mmobuosi is said to be at large.

But Mmobuosi, a resident in the United Kingdom and cannot be said to be at large.  

He expressed his intention to work with the authorities to guarantee a full and impartial investigation of the facts, which he feels will ultimately result in his exoneration.

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