{"id":111209,"date":"2024-08-26T09:15:18","date_gmt":"2024-08-26T08:15:18","guid":{"rendered":"https:\/\/bodexng.com\/?p=111209"},"modified":"2024-08-26T09:15:20","modified_gmt":"2024-08-26T08:15:20","slug":"fraud-allegations-against-me-motivated-by-malice-says-dozy-mmobuosi","status":"publish","type":"post","link":"https:\/\/bodexng.com\/2024\/08\/fraud-allegations-against-me-motivated-by-malice-says-dozy-mmobuosi\/","title":{"rendered":"Fraud allegations against me motivated by malice, says Dozy Mmobuosi"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Odogwu Mmobuosi, a Nigerian businessman, popularly known as Dozy Mmobuosi, says allegations of infractions against his business interests are \u201cbaseless and unfounded\u201d.<\/p>\n\n\n\n<p>Mmobuosi, popularly known as Dozy Mmobuosi, spoke on Saturday during a press conference at the Tingo House in Victoria Island, Lagos.<\/p>\n\n\n\n<p>During the news conference, tagged, \u2018My Battles with Western Powers: Setting the Record Straight\u2019, the businessman said his success as an African entrepreneur is \u201cperceived as a threat\u201d.<\/p>\n\n\n\n<p>In 2023, the United States Securities and Exchange Commission (SEC) made multimillion-dollar fraud charges against Mmobusi.<\/p>\n\n\n\n<p>Among other allegations, the US SEC said Mmobuosi lied about owning $461.7 million when he only had less than $50 in all accounts.<\/p>\n\n\n\n<p>On November 16, 2023, the commission suspended Tingo from the US stock market for allegedly providing \u201cinadequate and inaccurate information about its assets\u201d.<\/p>\n\n\n\n<p>Rejecting all the actions against him, the entrepreneur said the allegations were unfounded, adding that he was \u201cpreparing to contest them to the full extent of his capacity\u201d.<\/p>\n\n\n\n<p>On August 20, the legal unit of the Force Criminal Investigation Department (FCID) said there is no evidence to prosecute Tingo Foods, Tingo Mobile Plc, and its founder, Dozy Mmobuosi, over allegations of fraud.<\/p>\n\n\n\n<p>Speaking at the press briefing on Saturday, Mmobuosi, who is the founder of Tingo Group, denied allegations of wrongdoing, saying they are \u201cdeliberate attempts by certain powers in the West and in Nigeria for selfish reasons\u201d.<\/p>\n\n\n\n<p>\u201cI am compelled to address the series of orchestrated attacks and false narratives against me and my business interests, Tingo Group and its subsidiaries,\u201d he said.<\/p>\n\n\n\n<p>\u201cMy decision to invest in the beverage and telecom industries, as well as my acquisition of Sheffield United, a historic British football club, has been met with resistance and intimidation from the American government and other powerful forces for obvious reasons.<\/p>\n\n\n\n<p>\u201cIt is no secret that my success as a Black African serial entrepreneur has been perceived as a threat by some.<\/p>\n\n\n\n<p>\u201cThe notion that I, a Nigerian, could achieve such milestones is difficult for some to accept. However, I will not be deterred; I will continue to invest in my country and other friendly and fair countries.\u201d<\/p>\n\n\n\n<p>\u2018CLAIMS OF WRONGDOING MOTIVATED BY MALICE\u2019<\/p>\n\n\n\n<p>Mmobuosi, denying allegations of wrongdoing, said they are claims \u201cmotivated by malice\u201d.<\/p>\n\n\n\n<p>The businessman also said the flagship of his product, Tingo Cola, \u201cis a testament to his commitment to quality and excellence\u201d.<\/p>\n\n\n\n<p>\u201cI want to categorically deny allegations that I floated the DOZIE stocks to defraud shareholders,\u201d Mmobuosi said.<\/p>\n\n\n\n<p>\u201cThese claims are baseless and motivated by malice. My organization has made significant investments in agriculture, beverage manufacturing, media, telecoms, and state-of-the-art healthcare services here in Nigeria.<\/p>\n\n\n\n<p>\u201cI make bold to say that I have never received any form of donations from anyone or any groups. Should there be anyone with evidence to the contrary, let the person call me out, rather than resort to malicious publications.\u201d<\/p>\n\n\n\n<p>Mmobuosi said the Nigerian police (NPF) has exonerated him and Tingo Group over alleged fraudulent diversion of funds and falsification of financial reports.<\/p>\n\n\n\n<p>\u201cI want to specially thank the Nigeria Police Force\u2019s Criminal Investigation Department (FCID) for their diligence during months of investigation and the courage afterwards to clear, without fear or favour, Tingo Foods, Tingo Mobile and myself of fraud allegations,\u201d he added.<\/p>\n\n\n\n<p>\u2018SUPPORT NIGERAN INVESTORS\u2019<\/p>\n\n\n\n<p>Speaking on investments, Mmobuosi said there was a need for the government to support Nigerian investors for positive economic growth.<\/p>\n\n\n\n<p>\u201cI passionately urge the Nigerian authorities to continue to support patriotic entrepreneurs like myself, Aliko Dangote, and a host of others who have invested heavily in our great nation,\u201d the businessman said.<\/p>\n\n\n\n<p>\u201cWe deserve encouragement, not hindrance and character assassination.<\/p>\n\n\n\n<p>\u201cI will continue to fight for my rights and the rights of Nigerians to succeed in business, free from harassment and intimidation. I am proud of my businesses which rest on solid achievements and hard work.\u201d<\/p>\n\n\n\n<p>Mmobuosi also said he will not be \u201cbullied into submission\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Odogwu Mmobuosi, a Nigerian businessman, popularly known as Dozy Mmobuosi, says allegations of infractions against his business interests are \u201cbaseless and unfounded\u201d. Mmobuosi, popularly known as Dozy Mmobuosi, spoke on Saturday during a press conference at the Tingo House in Victoria Island, Lagos. During the news conference, tagged, \u2018My Battles with Western Powers: Setting the [&hellip;]<\/p>\n","protected":false},"author":886,"featured_media":101020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":[]},"categories":[432],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fraud allegations against me motivated by malice, says Dozy Mmobuosi<\/title>\n<meta name=\"description\" content=\"Odogwu Mmobuosi, a Nigerian businessman, popularly known as Dozy Mmobuosi, says allegations of infractions against his business interests\" \/>\n<meta name=\"robots\" content=\"index, follow, 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