Dozy Mmobuosi, a Nigerian tech-preneur, billionaire, and the CEO of Tingo, inc. has been reportedly charged by the United States and Exchange Commission with fraud.
According to the USEC, the company had claimed to have $ 461.7 million in its subsidiary Tingo Mobile's Nigeria bank accounts, whereas the actual balance in those accounts was only $50. The commission explained that Mmobuosi faces charges related to an alleged long-term plan to artificially boost the financial performance indicators of his firms and essential operational branches, aiming to deceive investors across the globe.
Continue Reading >>> https://www.hubforjobs.com/dozy-mmobuosi-faces-charge-on-account-of-multimillion-dollar-fraud
According to the USEC, the company had claimed to have $ 461.7 million in its subsidiary Tingo Mobile's Nigeria bank accounts, whereas the actual balance in those accounts was only $50. The commission explained that Mmobuosi faces charges related to an alleged long-term plan to artificially boost the financial performance indicators of his firms and essential operational branches, aiming to deceive investors across the globe.
Continue Reading >>> https://www.hubforjobs.com/dozy-mmobuosi-faces-charge-on-account-of-multimillion-dollar-fraud