2024-09-02
“Tingo Mobile reported cash and cash equivalents of $461.7mn for 2022 in its Nigerian bank accounts, but the SEC said its balance was less than $50.” @aanuadeoye https://www.ft.com/...
Financial Times
A US court fines Dozy Mmobuosi, the founder of Tingo, which sells phones to African farmers, $250M+ after the SEC said he inflated financial performance metrics
WHEREAS Plaintiff Securities and Exchange Commission (†… TechCabal : Tingo Group CEO Dozy Mmobuosi must pay over $250m after inflating financial performance X: Abubakar / @iatalk...