- Nigerian businessman Dozy Mmobuosi is facing massive fraud questions from the United States Government
- Details show the US government’s charges against Mmobuosi are massive after lying about the amount of funds in its subsidiary
- The charges are coming days after Tingo Group received a prestigious award in the 17th edition of the Seras Awards
Nigerian billionaire businessman Mmobuosi Banye, also known as Dozy Mmobuosi, is facing fraud charges from the United States Securities and Exchange Commission.
In a statement released on Monday, December 18, the SEC said Tingo Group, a pan-African agri-fintech innovator, lied about having $461.7m in its subsidiary Tingo Mobile’s Nigerian bank accounts when it only had $50.
