• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 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

Tingo Group Founder Denies Stocks Floating To Defraud Shareholders

by Zaka Khaliq
10 months ago
in Business
Founder of Tingo Group, Dozy Mmobuosi

Founder of Tingo Group, Dozy Mmobuosi

Share on WhatsAppShare on FacebookShare on XTelegram

Founder of Tingo Group, Dozy Mmobuosi, has denied allegations of floating Dozie stocks to defraud shareholders, saying, the allegations are a deliberate attempt by certain Western powers for selfish reasons.

Advertisement

Speaking during a press briefing at the company’s head office in Victoria Island, Lagos, over the weekend, the Tingo Group, he alleged that, his decision to invest in the beverage and telecom industries, as well as the acquisition of Sheffield United, a historic British football club, has been met with resistance and intimidation from the American government and other powerful forces for obvious reasons.

He added that he did not commit any wrongdoing in the United States but being a patriotic Nigerian by investing in Nigeria to contribute his own quota to the development of his country.

While citing Tingo’s massive investment in agriculture, beverage manufacturing, media, telecoms, and state-of-the-art healthcare services  in Nigeria, he added that the firm’s flagship product, Tingo Cola, is a testament to his commitment to quality and excellence.

To him, “It is no secret that my success as a Black African serial entrepreneur has been perceived as a threat by some. The notion that I, a Nigerian, could achieve such milestones is difficult for some to accept. However, I will not be deterred; I will continue to invest in my country and other friendly and fair countries.

RELATED

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

2 hours ago
Nigeria’s Wealthy Evade Taxes Amid Rising Inequality: Oxfam Report

New Tax Law: Industrialists Project N3.2trn Increase In Non-oil Revenue

6 hours ago

“I want to categorically deny allegations that I floated the DOZIE stocks to defraud shareholders. These claims are baseless and motivated by malice. My organisation has made significant investments in agriculture, beverage manufacturing, media, telecoms, and state-of-the-art healthcare services here in Nigeria.

“I make bold to say that I have never received any form of donations from anyone or any groups. Should there be anyone with evidence to the contrary, let the person call me out, rather than resort to malicious publications.”

The Nigeria Police Force, he said, has exonerated him and Tingo Group over alleged fraudulent diversion of funds and falsification of financial report, noting that, “I want to specially thank the Nigeria Police Force’s Criminal Investigation Department (FCID) for their diligence during months of investigation and the courage afterwards to clear, without fear or favour, Tingo Foods, Tingo Mobile and myself of  fraud allegations.”

While calling for support of Nigerian investors for positive economic growth, Mmobuosi urged the Nigerian authorities to continue to support patriotic entrepreneurs like himself, Aliko Dangote, and a host of others who have invested heavily in the country. We deserve encouragement, not hindrance and character assassination.

“I will continue to fight for my rights and the rights of Nigerians to succeed in business, free from harassment and intimidation. I am proud of my businesses which rest on solid achievements and hard work. As such, I will not be bullied into submission” he assured.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Tingo
SendShareTweetShare
Previous Post

New NDPHC Adighije Resumes, Promises To Optimise NIPP Assets

Next Post

REA Spends N28.7bn On Capital Projects In 2023

Zaka Khaliq

Zaka Khaliq

You May Like

Diadem Group CEO Olaitan Gbenga Honoured In Zambia
Business

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

2025/06/28
Nigeria’s Wealthy Evade Taxes Amid Rising Inequality: Oxfam Report
Business

New Tax Law: Industrialists Project N3.2trn Increase In Non-oil Revenue

2025/06/28
Celebrating President Tinubu’s Remarkable Two Years In Office
Business

Tinubu Confers GCON Honour On Oramah

2025/06/28
Investors Gain N1.43trn From Stocks In 1 Week
Business

Investors Gain N1.43trn From Stocks In 1 Week

2025/06/28
Stakeholders Prepare For 7th Africa Procurement, Supply Chain Summit In Lagos
Business

Stakeholders Prepare For 7th Africa Procurement, Supply Chain Summit In Lagos

2025/06/28
DBN Disburses N155.7bn Loans To MSMEs In 2023
Business

DBN Empowers MSME Tech Startups With Capital

2025/06/28
Leadership Conference advertisement

LATEST

Defections: ‘The Worst Yet To Happen,They Can Leave, We Are Rebuilding PDP’, Says Saraki

Periwinkle Empire Tackles Insecurity, Power Outages, Others In Lagos

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

African U18/U20 Athletics Championships: 5 Team Nigeria Starlets To Watch

President Federation Cup: Danjuma Confident Of Nasarawa Amazons Victory Against Rivers Angels

WAFCON 2024: Waldrum Tips Super Falcons To Win 10th Title

Brighton Sign Super Falcons Goalkeeper Nnadozie From Paris FC

Brentford Appoint Andrews As New Head Coach

NPFL: Rangers In Talks To Sign Inter Lagos Defender Samson

Wimbledon Open: Raducanu To Face Teenager Xu In First Round

© 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.