Adebayo Adenrele
A strong member of the Obidient group, Dozy Mmobuosi has been charged for securities fraud in the United States of America.
The founder and CEO of Tingo Group, a Nasdaq-listed “agri-fintech” startup is also accused of reporting hundreds of millions of dollars in fictitious revenues and assets for three companies he controls.
In 2022, Tingo Group reported that it had cash and cash equivalent of $461.7 million for the fiscal year but Investigations showed that its bank accounts held less than $50 in total.
In the details of criminal charges brought against him and shared by
U.S. prosecutors, he was equally alleged to have stolen $16 million from US investors.
Details soon…
