‘It’s unfounded’ — ex-Tingo CEO rejects US ‘fraud’ charges
Odogwu Mmobuosi, a Nigerian fintech businessman, popularly known as Dozy Mmobuosi, has rejected charges filed by the US Securities and Exchange Commission (SEC).
In an indictment made public on Tuesday, Mmobuosi, the former co-chief executive officer of Tingo Group, was accused of conspiracy, securities fraud, and falsifying records with the US SEC.
However, in a statement on Thursday, the entrepreneur rejected the validity of all the allegations presented by the US 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 said he is 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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