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2 Jan 2024

'Fake' Nigerian Tycoon' Almost Succeed in Buying Premier League Club

The US SEC [accuses Nigerian businessman Dozy Mmobuosi of fraud]( in his bid to buy Sheffield United Soccer Club. He's charged with creating fake documents and fictitious companies to inflate his company Tingo Mobile's value to over $1B and siphon funds for a lavish lifestyle including luxury cars, private jets and attempted sports investments. Following a negative Hindenburg Research report, the SEC seeks to freeze his assets and halt fraudulent activities. Despite the serious allegations, Tingo Group denies any wrongdoing and has promised to cooperate with investigations.