By Durrell Namasani
Nigerian Billionaire Dozy Mmobuosi who partnered with Tigwilane Manja Foundation and told Malawi Members of Parliament that he will build houses for Cyclone Freddy Victims is on the run and he is wanted by FBI for fraud. Dozy was In Malawi last October through his The Dozy Mmobouosi Foundation and met former Presidents Bakili Muluzi and Joyce Banda as well as several members of parliament.
Alleged ‘billionaire fraudster’lived a life of luxury and offered to save a UK Football Club Sheffield United football club is now being hunted by the FBI after being accused of ‘fleecing’ investors and disappearing without a trace from his London home
Nigerian-born Dozy Mmobuosi, 45, vanished from his luxurious Eccleston Square, London townhouse early last month, his neighbours told The Sunday Times.
He disappeared after US authorities charged him with securities fraud, making false filings with the Securities and Exchange Commission (SEC), and conspiracy charges following an FBI investigation.
Mmobuosi, real name Odogwu Banye Mmobuosi, has been accused of ‘reaping millions of dollars in illicit profits’ through illegal share sales and ‘looting’ at least £16million from ‘publicly listed companies’.
Mmobuosi, whose current whereabouts remain unknown, reportedly ‘popped up’ in Nigeria a few days ago to launch a food processing plant that he allegedly claims would create 12,000 jobs
He and Tingo Group, his global Fintech and Agri-Fintech group of companies, deny all wrongdoing – but he is accused of almost ‘entirely fabricating’ his businesses accounts..
US prosecutors in Manhattan unveiled criminal charges against Mmobuosi in early January, saying he lied to investors about his companies’ finances.
They say Mmobuosi falsely represented that his Tingo Mobile cellular business and Tingo Foods agriculture business were profitable, generating hundreds of millions of dollars of revenue
He sold both businesses to Tingo Group and Agri-Fintech Holdings, caused them to falsely portray the businesses as ‘cash-rich, revenue-generating companies,’ and looted millions of dollars by misappropriating cash and selling stock at inflated prices, the indictment said
However, in a statement issued to the African press last month, Mmobuosi said: ‘I wish to make it unequivocally clear that these allegations are unfounded and we are preparing to contest them to the full extent of our capacity.’
He added: ‘I am resident in the United Kingdom and cannot be said to be at large.’
