Dozy Mmobuosi

Dozy Mmobuosi (born April 1978) is a Nigerian businessman and entrepreneur. As the founder and former CEO of the Tingo Group, he has been the subject of fraud allegations in the United States, and fled to Nigeria.

In Nigeria, the Economic and Financial Crimes Commission (EFCC) charged Mmobuosi with conspiracy and obtaining by false pretense in a 2018 case involving allegations of a N31 million dud cheque for diesel fuel. The case was adjourned after his co-defendant failed to appear in court.

In 2023, the US Securities and Exchange Commission filed charges against him saying he had been attempting to defraud investors by inflating Tingo companies’ financial performance figures. On 2 January 2024, Mmobuosi was charged in the US with securities fraud, making false filings with the SEC, and conspiracy charges. Mmobuosi said the allegations were unfounded but, in September 2024, a US district court ordered Mmobuosi and his three entities to pay a fine of $250mn as final judgement by default following the SEC civil complaint.

Tingo Group reportedly ceased activities in December 2024, though Mmobuosi subsequently launched two new Tingo-branded AI-driven ventures in February 2025.