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Tingo Group Announces Interim Co-CEO to Temporarily Step Down by Mutual Agreement

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 ....

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US Charges Nigerian Businessman, CEO Of Tingo Group, Firms For Alleged Multi-Million Dollar Fraud

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.  ....

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US charges Dozy Mmobuosi in N363bn fraud scheme, fabrication of financial statements

US charges Dozy Mmobuosi in N363bn fraud scheme, fabrication of financial statements
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