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Report: How Nigerian businessman Mmobuosi lied about his credentials, ran fraudulent company | TheCable

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Hindenburg Research, a U.S. investment research firm focused on activist short-selling, has accused Tingo Group, a fintech company, of being an “exceptionally obvious scam with completely fabricated financials”

, a fintech company, of being an “exceptionally obvious scam with completely fabricated financials”.

Hindenburg Research said its checks with the Nigerian Communications Commission revealed that it has no record of Tingo being a mobile licensee at all, despite company claims of having 12 million mobile customers.The research firm claimed that Tingo Mobile’s company presentation and its website used stock photos of farmers using mobile phones.

“Dozy claimed to have received a PhD in rural advancement from a Malaysian university in 2007. We contacted the school to verify the degree. They wrote back saying no one by his name was found in their verification system.

 

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