• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Police Exonerate Mmobuosi, Tingo Over Alleged Diversion Of Financial Report

by Olakunle Olasanmi
1 year ago
in News
police
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigeria Police Force has exonerated Tingo Foods, Tingo Mobile Plc and its founder, Mr Dozy Mmobuosi, of any involvement in the alleged fraudulent diversion and misrepresentation of financial reports of the firms with forged documents.

Advertisement

The police added that there is no evidence to support the case against Tingo and Mmobuosi, saying that there is the need to exonerate them on the grounds of no link to the alleged wrongdoings.

The police stated this in a Legal Advice addressed to the Inspector General of Police, Mr Kayode Egbedokun by the Commissioner of Police, Legal/Prosecution, Force Criminal Investigation Department (FCID), Force Headquarters, Abuja.

The letter, dated July 30, 2024 with Reference No-CB:3514/LEG/FHQ/ABJ/VOL/ 47/168, was titled: “RE: CASE OF FRAUDULENT MIRESENTATION OF FINANCIAL REPORT WITH FORGED DOCEMENTS CRINO1822824.”

A complainant, Mr Olayide Ayoola, who is also the acting managing director of Tingo, had filed a petition before the police and alleged fraudulent diversion and misrepresentation of financial report with forged documents against two suspects: Stephen Okafor and Rose Ifedi.

RELATED

PDP And The Road To 2027

PDP And The Road To 2027

11 minutes ago
Bauchi Gov Launches 2025 Wet Season, Subsidised Fertilizer

Bauchi Records 70% 2025 Budget Performance

17 minutes ago
ADVERTISEMENT

Olaide had in the petition to the police and supported by an affidavit dated December 19, 2023 to the Assistant Inspector General of Police, Zone 2 Command Lagos, urged the police to investigate whether any of the Staff members and Management of Tingo Mobile Plc and Tingo Food including their founder, Dozy Mmobuosi/Promoters have diverted funds, misrepresented information about the Company’s Business, Financial Report or being involved in the Forgery of Bank document.

According to the legal advice, the development prompted the police to embark on a discreet investigation and subsequent report.

The Police Legal Advice to IGP reads in part, “Having painstakingly perused the case file and carefully examined the evidence in support of the investigating, the following were observed:

ADVERTISEMENT

“That the complainant Ayoola Olaide, of No 95 Broad Street Marina Lagos doubles as the acting Managing Director of Tingo and Tingo Mobile Plc while the suspects in the case and who are now at large are Rose Ifebi, Stephanie Okafor, Timitope Ekondayo (at large) and Mavis Osakwe (at large)

“That Tingo Mobile is an Agric Fintech that provides technology such as mobile phones, loans, fertilisers and other agro allied material to farmers and operates it in business via mobile apps.

“That Stephanie Okafor, is the budget officer of Tingo Mobile Plc and the staff who created over Five Million Accounts and wallet for Alloje Royal Multi-Purpose Cooperative Kebbi (Dala) Cooperative Society and All Farmers Association of Nigeria (AFAN) on the instruction of the field Agents headed by Timitope Ekondayə (at large).

“That the said Stephanie Okafor, furnished Timitope Ekondayo (at large) with details of all the account numbers of individual wallet of farmers and members of respective cooperatives.

“That to authenticate the allegation and suspicion of the complainant, check on the various accounts and documents obtained during investigation revealed that the third party account had been used to divert funds and revenues accruing to the company by the staff while bulk payment made by staff of Tingo Mobile and Tingo Foods were not made through third party account instead of the company’s account, there by giving credence to the complainant’s allegations and suspicion.

“That no exact amount has been confirmed to have been diverted from the company’s account as forensic audit has not been carried out.”


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Nigeria Police Force (NPF)
SendShare10170Tweet6356Share
ADVERTISEMENT
Previous Post

AUDA-NEPAD Staff Members Demand Probe Of CEO

Next Post

Japa: Provost Seeks More Role For Health Technology Graduates

Olakunle Olasanmi

Olakunle Olasanmi

You May Like

PDP And The Road To 2027
Backpage

PDP And The Road To 2027

2025/08/28
Bauchi Gov Launches 2025 Wet Season, Subsidised Fertilizer
News

Bauchi Records 70% 2025 Budget Performance

2025/08/28
Niger Republic Prime Minister, Others Celebrate Hausa Day In Daura
News

Niger Republic Prime Minister, Others Celebrate Hausa Day In Daura

2025/08/28
BREAKING: Federal Gov’t Reverses 18-yr Entry Age For Varsity Education
News

Federal Gov’t Urged To Review Ban On New Varsities, Others

2025/08/28
Food Security: Gombe To Be Enlisted As Participating State In World Bank-assisted Spin Project
News

ACReSAL Hails Governor Yahaya Over Gombe’s Environmental Restoration

2025/08/28
Tinubu Gov’t Will Harness River Basins’ Potential To Boost Food Security — Minister
News

Minister Reaffirms Commitment To Waterway Safety

2025/08/28
Leadership Conference advertisement

LATEST

PDP And The Road To 2027

Bauchi Records 70% 2025 Budget Performance

Niger Republic Prime Minister, Others Celebrate Hausa Day In Daura

Federal Gov’t Urged To Review Ban On New Varsities, Others

ACReSAL Hails Governor Yahaya Over Gombe’s Environmental Restoration

Minister Reaffirms Commitment To Waterway Safety

Group Lauds Tinubu, Armed Forces Over Ansaru Breakthrough

We’ll Drive Nigeria’s Devt With Tech, Food Security – Tinubu

Entries Open For Diamond Awards For Media Excellence

‘Public-Private Support Networks Will Boost Women’s Participation In Politics’

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.