The founder of Tingo, Dozy Mmobuosi, has reacted to the fraud charges levelled against him and his group of companies by the United States Securities and Exchange Commission (SEC).
In a statement on Friday, he described the allegations as spurious.
“Mr. Mmobuosi wishes to make it unequivocally clear that these allegations are baseless and he will contest them with unwavering resolve. As this matter is currently under legal scrutiny, and following the advice of legal counsel, Mr. Mmobuosi will refrain from making any further public statements regarding this issue,” he said.
He also added that he, ‘Mr. Mmobuosi’s intention is to address and resolve these allegations within the appropriate legal framework. He is committed to cooperating with the legal process to ensure a thorough and fair examination of the facts, which he believes will ultimately lead to his exoneration”
He noted that he would desist from making public comments about the case because it is now a matter in court.
The US SEC on Monday charged Mmobuosi alongside his three U.S.-based companies, Tingo Group Inc., Agri-Fintech Holdings Inc., and Tingo International Holdings Inc with fraud.
