Tingo Group Announces Interim Co-CEO to Temporarily Step Down by Mutual Agreement streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
MONTVALE, N.J., Dec. 20, 2023 (GLOBE NEWSWIRE) Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), has today announced that Mr. Dozy Mmobuosi has temporarily stepped down as Interim Co-Chief Executive Officer and Member of the Board of Directors in connection with an order sought by the Securities & Exchange Commission (the “SEC”) to prohibit him from acting as an officer or director of a public company. In addition, by mutual agreement with the Company’s Board of Directors, Mr. Mmobu
MONTVALE, N.J., Dec. 20, 2023 Tingo Group, Inc. , has today announced that Mr. Dozy Mmobuosi has temporarily stepped down as Interim Co-Chief Executive Officer and Member of the Board of.
The United States Securities and Exchange Commission has sued the Chief Executive Officer (CEO) of Tingo Group Inc., Dozy Mmobuosi and his firms for allegedly lying about having $461.7 million in its subsidiary Tingo Mobile’s Nigerian bank accounts when it only had $50 in the said accounts. The US SEC accused Mmobuosi and his firms of falsifying their GTBank, UBA financial statements and other documents for three Tingo Group subsidiaries, including Tingo Mobile and Tingo Foods Plc.
The United States Securities and Exchange Commission has said Tingo Group Inc. lied about having $461.7m in its subsidiary Tingo Mobile’s Nigerian bank accounts when it only had $50 in said accounts.