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Dozy Mmobuosi Hails Police for Clearing Tingo of Fraud, Says Allegations by the West a Conspiracy, Perceived Malice

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By Eric Elezuo

Popular Nigerian businessman and Founder, Tingo Group, Dozy Mmobuosi, has lauded the Nigerian Police Force, particularly the Federal Criminal Investigation Department (FCID), for giving him and the Tingo family a clean bill of health after due diligence and thorough investigation over fraud allegations. He noted that all allegations of infractions against him and his business interests were “baseless and unfounded”.

The Tingo Founder made these observations during a press briefing tagged, ‘My Battles with Western Powers: Setting the Record Straight’, at his Victoria Island office on Saturday, where he lambasted the West, especially the United States authorities for false multi-million dollar fraud allegations against him.

Mmobuosi was on August 20 exonerated by the FCID of all wrongdoing charges brought against him and his business concerns.

The legal unit of the FCID insisted that there is no evidence to prosecute Tingo Foods, Tingo Mobile Plc, and its founder, Dozy Mmobuosi, over allegations of fraud, and therefore, exonerated him and Tingo Group of alleged fraudulent diversion of funds and falsification of financial reports.

“I want to specially thank the Nigeria Police Force’s Criminal Investigation Department (FCID) for their diligence during months of investigation and the courage afterwards to clear, without fear or favour, Tingo Foods, Tingo Mobile and myself of fraud allegations,” he added.

During the news conference, the businessman said his success as an African entrepreneur is “perceived as a threat” by the United States Securities and Exchange Commission (SEC), which came after him with false allegations in 2023, and other like-minded western authorities.

Among other allegations, the US SEC said Mmobuosi gave false narratives about owning $461.7 million when he only had less than $50 in all accounts.

As a result, on November 16, 2023, the commission suspended Tingo from the US stock market for allegedly providing “inadequate and inaccurate information about its assets”.

Rejecting all the actions against him however, the entrepreneur said the allegations were unfounded, adding that he was “preparing to contest them to the full extent of his capacity”.

While denying the allegations of wrongdoing, Mmobuosi said they are “deliberate attempts by certain powers in the West and in Nigeria for selfish reasons”, stating categorically that he would not be bullied into submission by anyone.

“I am compelled to address the series of orchestrated attacks and false narratives against me and my business interests, Tingo Group and its subsidiaries,” he said.

“My decision to invest in the beverage and telecom industries, as well as my acquisition of Sheffield United, a historic British football club, has been met with resistance and intimidation from the American government and other powerful forces for obvious reasons.

“It is no secret that my success as a Black African serial entrepreneur has been perceived as a threat by some.

“The notion that I, a Nigerian, could achieve such milestones is difficult for some to accept. However, I will not be deterred; I will continue to invest in my country and other friendly and fair countries.”

He stressed that all allegations of wrongdoing, are claims “motivated by malice”.

The businessman also said the flagship of his product, Tingo Cola, “is a testament to his commitment to quality and excellence”.

“I want to categorically deny allegations that I floated the DOZIE stocks to defraud shareholders,” Mmobuosi said.

“These claims are baseless and motivated by malice. My organization has made significant investments in agriculture, beverage manufacturing, media, telecoms, and state-of-the-art healthcare services here in Nigeria.

“I make bold to say that I have never received any form of donations from anyone or any groups. Should there be anyone with evidence to the contrary, let the person call me out, rather than resort to malicious publications.”

The businessman also canvassed for support for Nigerian investors instead of condemnation, saying there was a need for the government to support Nigerian investors for positive economic growth.

“I passionately urge the Nigerian authorities to continue to support patriotic entrepreneurs like myself, Aliko Dangote, and a host of others who have invested heavily in our great nation,” the businessman said.

“We deserve encouragement, not hindrance and character assassination.

“I will continue to fight for my rights and the rights of Nigerians to succeed in business, free from harassment and intimidation. I am proud of my businesses which rest on solid achievements and hard work.”

With the latest vote of confidence passed by the Nigerian Police, it’s believed that the businessman will bounce back to reclaim all lost grounds.

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Uneasy Calm in Zamfara As Turji’s N30m Protection Levy Deadline Elapses, Military Beefs Up Security

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Additional soldiers have been deployed in Moriki town, Shinkafi Local Government Area of Zamfara State, as the deadline for payment of a N30m levy imposed on the community by the notorious bandits’ leader, Bello Turji, has elapsed.

Turji imposed a levy of N30m on the community following the killing of over 100 cows belonging to him, allegedly by the military personnel about three weeks ago.

The cows were reportedly intercepted by the soldiers at Dumfawa, a village between Moriki and Shinkafi town sometime in August.

Confirming the deployment, a resident of the area, Aminu Musa, said more soldiers were deployed to the area some days ago.

“Beside the soldiers, the state government also sent more personnel of its security outfit, Community Protection Guards (CPG) to the area to complement the conventional security personnel.

“We are happy because the presence of security personnel gives us a kind of relief. The leader of the troop had assured us adequate protection of our lives.”

Another resident, Iliyasu Ali, said despite deployment of additional security personnel, there was anxiety among the residents”.

“There is panic and worries among the residents. These bandits are heartless. They could dare the military personnel and attack the community. They are carrying more sophisticated weapons than the military. So, our people are in serious panic as the deadline for the payment of levy ends today.

“Only God knows what will happen from today upward. Of course, we have not paid the levy but Turji has promised to sack this community if we fail to compensate for his missing cows,” he concluded.

On Tuesday, Chief of Defence Staff, Chris Musa, said the days of Turji are numbered, announcing that his men had launched a manhunt for the bandit.

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Borno Flood: Prisoners Escape from Borno Prisons As FG Launches Manhunt

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An unspecified number of inmates have escaped from a local prison in Maiduguri, after a devastating flood submerged the facility.

According to reports, the rising waters damaged the prison, breaching security barriers and compromising structural integrity, which facilitated the escape of a number of inmates.

Several of those who escaped are deemed highly dangerous and potentially armed, increasing the risk to public safety in a region already troubled by insurgency.

Among those suspected missing is the Lagos cleric, Rev. King, who has been awaiting execution in the Maiduguri Correctional Centre for about 15 years.

Authorities have launched a manhunt, deploying additional resources to recapture the escapees and address the growing threat.

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Odinkalu Dismisses Ahmed Bako’s Lecture As Worse Than Anti-Climax

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Legal practitioner and human rights activist, Mr. Chidi Odinkalu, has come hard on Professor Ahmed Bako, describing his recently delivered inaugural lecture as an exercise worse than an anti-climax.

In a lengthy writeup that reviewed the totality of Bako’s lecture, Odinkalu revealed as follows:

Thanks to (all) who have offered up views on Prof. (Ahmed) Bako’s Inaugural.

I was honestly minded to un-look after reading it twice for reasons that will follow shortly. But given the depth of your effort, I want to offer a limited and deliberately narrow complement.

For a relatively short Inaugural Lecture delivered on the eve of retirement after nearly 45 yrs teaching & researching Nigerian history, this text is  riddled with distressing errors of text, context, sub-text, & texture.

I say nothing of errors of intellectual method – it explores no alternative explanations or interpretations for its limited sourcing & evidence. So the lecture seems to be embarrassingly devoid of basic intellectual curiosity too.

One major error that caught my eye on p. 13: “The Igbos embarrassed modern education….” I presume he meant to say “embraced”.

That is 10 pages after he puts Ohanaeze Ndigbo  in the category of Igbo “separatist” groups on p. 3. It goes on…. If this was an error of commission, it’s evidence of prejudice. If it is one of omission, it is worse than embarrassing. Either way, it is totemic of the lecture.

All over the text, you see such and  worse embarrassments.

On pp. 45-46, in support of his suggestion that the Igbo drove host-community competitors from the marketplace, he cites a rental incident, claiming that rent in 1974 and 1986 was in ££:

“My view is that because of ethnic solidarity, Igbo traders gradually marginalized or even displace (sic) large number of Hausa traders. A typical example of a Hausa man displaced by the Igbo was Alhaji Abubakar Makwarari. He became a textile retailer in 1974 in a stall he rented from Alhaji Salisu Barau Zage at the cost of *£6,000* per annum. In 1986 he was ejected due to his failure to pay the new rent of *£30,000* . Chief David Obi Oknokwo (sic) paid the stated amount and occupied the stall. Many other Hausa traders such as Lawal Sulaiman (Minister), Alhaji Yahya etc were displaced by the Igbo who were ready to pay high rents….”

On the face of this text, this is evidence of his pursuit of a pre-determined single narrative: Alhaji Salisu Barau Zage who on this evidence shafted his own brother in order to collect the Igbo man’s money lacked agency or responsibility. He fell victim to the presumed sorcery or wickedness of the blighted Igbo man.

That is a segue to the substantive issues. Underlying his thesis is the claim that the Igbo embraced education for purposes of domination and not development. Avoiding for the moment any contest over meaning here, he provides no authority or evidence for this claim. He takes this over the top on pp.39-40:  “What needs emphasis during this time was the fact that searching for economic power and dominance make the Igbo to be desperate and aggressive. Desperation is what make (sic) them to not only be disliked by host communities in several of the areas of their dominance in Northern Nigeria but to pushed (sic) some young Igbo into criminal activities.”

He asserts this as fact with no effort to back it up with evidence, authority, or comparison. And the text is littered with such carefree attitude to prejudice as fact.

He also complains somewhat about the insularity of the Igbo and how that has been a source of blowback. But yet he also explains – without appearing to know that that was what he was doing – that this was an outcome of colonial-era segregations which effectively rendered Sabon-Gari into an ethnic ghetto.

Interestingly, the exception to the treatment of Sabon-Gari as a ghetto was Mal. Abacha Maiduguri, the father of Gen. Abacha. That is no accident because the Kanuri were also outsiders among the Karnawa and that has some antiquity. That is another story altogether.

On the whole, the lecture is worse than an anti-climax. If this is what passes for history and what has been taught for over 4 decades, one can only lean back with the jaws askew.

But I also don’t want to be too unkind about the lecture. The man has done his best. Now and again, there are some accidental nuggets in parts of the paper (such as the reference to the Ajie Ukpabi Asika interview of 1971 or the Newswatch interviews with survivors of 1985 but they appear entirely accidental and not followed up or developed. So, it is a useful read and a useful source of intelligence: If a university professor supposedly specialized in history offers this up, the rest can be imagined.

In the end, an Inaugural in my view and experience is essentially a celebration of a thread of intellectual forage. The reason I was minded to un-look is that I will not knowingly rejoin to a paper to which it is impossible to attribute a quote of more than one sentence without two [sics].

Of course, there is no rejoinder to the fact that the Pound was abolished in Nigeria in 1973 and, therefore, that in 1974, rent in Kano was not rendered in £££.

And if he believes that Ohanaeze Ndigbo is a separatist organisation, that is his view. But that would, presumably also, be applicable to Arewa, or the Egbe or MBF or any number of ethnically defined associational groups in Nigeria; which would then beg the question: why does the Igbo one call for any form of his  attention if he is not going to make the effort to distinguish those others from Ohanaeze.

If a man – or anyone at that – has spent over 40 years of his life spouting this kind of stuff even with the best of intentions as seems evident on the face of this paper, I will take pity on him and pity even more the students who endured it.

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