Dozy Mmobuosi: A Quick Look at the Biography of the Nigerian Billionaire Who Wants to Buy Sheffield United
- Posted on March 30, 2023
- Featured
- By PETER AGADA
Going on to list the names of successful technology entrepreneurs in Nigeria without mentioning Dozy Mmobuosi will be a big disrespect as he has been one of the founders of big firms that have boosted tech invasion not only in Nigeria but the world in general.
Today we’d be talking about the biography of Dozy Mmobuosi which consists of his early life and how he grew into prominence. Sit back as this will be entertaining.
Who Is Dozy Mmobuosi?
Dozy Mmobuosi whose real name is Mmobuosi Odogwu Banye was born into the family of Mr and Mrs Kanyinebi Banye Mmobuosi Snr on the 7th of April 1979 in Lagos State Nigeria. Originally Dozy Mmobuosi hails from Delta State - he is Anioma from the Delta Igbo tribe. His village is Ishiekpe, Onicha Ugbo Aniocha North local government area of Delta State. Aside from this fact, the early life of Dozy Mmobuosi growing up is not documented till this moment.
Where Did Dozy Mmobuosi School?
Dozy Mmobuosi graduated from Ambrose Ali University Ekpoma where he earned his bachelor's honors in Political Science and also completed his Master's degree in Economics. After earning his bachelor’s and master’s degree he went further to complete his PhD in rural advancement from Universiti Putra Malaysia in Malaysia. It didn’t take long as he went on to complete his Advanced management & leadership study at Said Business school, University of Oxford, in 2022.
Which Company Does Dozy Mmobuosi Own?
Dozy Mmobuosi owns two major companies and other subset companies which he founded along the line. Tingo and Nwassa are two well-known companies owned by the techpreneur. However, in this section I’ll be telling you more about the companies below:
Dozy Mmobuosi - Tingo
Tingo Mobile PLC was created in 2001 when Dozy Mmobuosi and his father Mr Kanyinebi Banye Mmobuosi Snr founded the company. Tingo was created to be Africa's first Mobile device manufacturer and IOT business which assists farmers to manage their commercial activities both locally and internationally through the use of GSM technology.
Dozy Mmobuosi - Naijafans
Dozy Mmobuosi founded Naijafans in 2003. The platform is a social media connectivity platform that connects Nigerians with recent happenings as they also get to know each other and meet new friends.
Dozy Mmobuosi - Nwassa
Dozzy Mmobuosi founded Nwassa in 2019 which is considered Africa’s first agricultural technology and digital platform. This platform assists farmers by giving access to weather forecasts, market prices, information on payments systems, and connections to relevant service providers.
Dozy Mmobuosi Foundation
The Dozy Mmobuosi Foundation was founded in 2021 with the aim of supporting Africans in different fields of life such as, health care, education, and social empowerment. This foundation helps to structure challenges that’s affecting the continent.
Dozy Mmobuosi Family
Dozy Mmobuosi got married to his wife Oluwatosin Mmobuosi in 2015 and they’re blessed with three kids of “Nwamaka Mmobuosi”, “Isioma Mmobuosi”, and “Dozy Jr Mmobuosi”.
Dozy Mmobuosi Books
Dozy Mmobuosi is the author of the book titled “Wounded Price”. The book was published on the 29th of April 2020. However, the book talked about the Boko Haram Insurgency that’s taking place in the North Eastern part of Nigeria.
Dozy Mmobuosi Net Worth
Dozy Mmobuosi net worth is valued to be around $5 million.
Dozy Mmobuosi Tribe
Dozy Mmobuosi is Igbo by tribe—he is Anioma from the Delta Igbo tribe. His village is Ishiekpe, Onicha Ugbo Aniocha North, in the local government area of Delta State. He is a dedicated entrepreneur who has seen the success of many people. He is known for his major role in Tingo and Nwassa.
Dozy Mmobuosi Allegagtions
U.S. prosecutors in Manhattan released some accusations of criminal charges against Dozy Mmobuosi, the founder and CEO of Tingo Group, a Nasdaq-listed "agri-fintech" startup. He was accused of falsifying a report of hundreds of millions of dollars in fictitious revenues and assets for three companies he controls.
The CEO was charged with securities fraud, conspiracy, and false filings with the Securities and Exchange Commission. If found guilty, the three charges carried a sentence of 45 years.
According to the charges, Mmobuosi "orchestrated a scheme to enrich himself by falsely representing that Nigerian companies he founded, Tingo Mobile and Tingo Foods, were operational, profitable businesses generating hundreds of millions of dollars in revenue, respectively."
In 2022, Tingo Group reported having $461.7 million in cash and equivalent for the fiscal year. Investigations showed that its bank accounts held less than $50 in total.
Mmobuosi propped up his businesses in interviews over the years and, in 2021, told one publication that Tingo had 12 million users and a valuation of $6.3 billion. He said several publications about plans to list on the New York Stock Exchange by 2021.
In reality, Tingo was listed on the Nasdaq after a series of reverse mergers allegedly based on fake financials. Getting listed on the Nasdaq gave Mmobuosi and his companies access to U.S. investors and capital. The U.S. prosecutors say he syphoned an estimated $16 million from Tingo Group.
On December 18, the SEC announced an investigation into the company, suspending trading in Tingo's shares. Two days later, Dozy Mmobuosi temporarily stepped down.
Dozy Mmobuosi Residence
Dozy Mmobousi lives in Washington, DC, U.S., but his location is currently hidden for security reasons.
Dozy Mmobuosi Biography
Dozy Mmobuosi, whose real name is Mmobuosi Odogwu Banye, was born into the family of Mr and Mrs Kanyinebi Banye Mmobuosi Snr on April 7 1979 in Lagos State, Nigeria. Originally, Dozy Mmobuosi hails from Delta State - he is Anioma from the Delta Igbo tribe. His village is Ishiekpe, Onicha Ugbo Aniocha North, in the local government area of Delta State. Aside from this fact, the early life of Dozy Mmobuosi, growing up, has not been documented till this moment.
Dozy Mmobuosi Foundation
Upon its launch in December 2021, the Dozy Mmobuosi Foundation focused on supporting various African sectors, including education, healthcare, and technological skill development. The top drivers of the foundation include Dozy Mmobuosi, Tosin Mmobuosi, Christopher Cleverly, Ebuwa Martins Agbonwaneten, and John Murphy. The foundation is self-funded by Dozy Mmobuosi and currently does not accept donations. In September 2022, during the launch of the Dozy Mmobuosi Foundation at the Dorchester Hotel, Dozy Mmobuosi pledged to donate 10% of his total net worth to the foundation.
Dozy Mmobuosi Father
Dozy Mmobuosi's father's name is Mr Kanyinebi Banye Mmobuosi Snr. He is a wealthy man from Onicha Ugbo, Delta. Dozy Mmobuosi and his father founded Fair Deal Concept, which later became Tingo Mobile, but his dad left the business in 2005.
Dozy Mmobuosi Twitter
This is his twitter handle @Dozymmobuosi
Dozy Mmobuosi Children, Son, Daughter
Dozy Mmobuosi has three (3) children.
Dozy Mmobuosi Association With Sheffield United
Sheffield United has suffered lack of sponsorship which has pushed the evergreen club to the bottom. In trying to bring the club up, Dozy Mmobuosi is looking forward to purchasing the club for £90 million. Although, talks are still on and we hope the deal is sealed and will make him the first Nigerian to own a club in England.
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