Tingo Group

Tingo Group, Inc.
FormerlyTingo Inc.
Company typePublic
OTCMKTS: TIOG
Industry
  • Finance
  • Agriculture
  • Food
FounderDozy Mmobuosi
Key people

Tingo Group, Inc. (formerly Tingo Inc.) is a publicly traded fintech and agri-fintech conglomerate initially established in Nigeria and now with operations across Africa, Southeast Asia, and the Middle East.[1][2]

In November 2023, the US Securities and Exchange Commission (SEC) suspended dealings in Tingo shares, and, in December 2023, filed charges against founder Dozy Mmobuosi and three US-based entities: Tingo Group Inc, Agri-Fintech Holdings Inc and Tingo International Holdings Inc, alleging fraudulent financial claims to defraud investors.[3][4] On 2 January 2024, Mmobuosi was charged with securities fraud, making false filings with the SEC, and conspiracy charges.

  1. ^ Parkin, Darren (2023-02-27). "Tingo and EVTEC Energy sign partnership agreement that will create more than 12,000 jobs". CityAM. Archived from the original on 2023-05-07. Retrieved 2023-05-07.
  2. ^ "US-Based Company, Tingo Group Debunks Investigation Report On 'Billionaire' Founder, Dozy Mmobuosi's Alleged Fraud | Sahara Reporters". saharareporters.com. Archived from the original on 2023-06-09. Retrieved 2023-09-17.
  3. ^ "U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 25913". SEC.gov. U.S. SECURITIES AND EXCHANGE. Archived from the original on 30 December 2023. Retrieved 30 December 2023.
  4. ^ Adeoye, Aanu; Quinio, Adila; Aliaj, Ortenca (24 December 2023). "'A fiction': the fall of a fintech star accused of 'massive fraud'". Financial Times. Archived from the original on 29 December 2023. Retrieved 31 December 2023.