A few weeks ago, Nigerian-born UK serial entrepreneur, Dozy Mmobuosi, showed interest in taking over the ownership of English football club, Sheffield United, which is worth 90 million pounds.
Many have been longing to know about Mmobuosi and his stupendous wealth since then. The billionaire businessman is the Chief Executive Officer of Tingo International Holdings Incorporation, an investment company focused on identifying and making targeted acquisitions in the technology sector.
The tech entrepreneur is also the founder of Africa’s Agri-Fintech company, Tingo Mobile; Tingo Remit, a financial service holding company and Nwassa, a platform dedicated to African farmers. Recently, he embarked on another multi-billion-naira project, Tingo Food Factory in his hometown, Onicha-Ugbo in Aniocha North Local Government Area of Delta State. The project which is worth $1. 6 billion, is intended to save Africa from paying foreign exchange to import finished food products, as well as aid the export of made in Africa foods to the world. Mmobuosi is credited with creating the first SMS Banking Solution in Nigeria, which was known as ‘Flashmecash’, however, it was later acquired by First City Monument Bank.
The tech guru holds a bachelor’s degree in political science and a master’s degree in economics from Ambrose Alli University. He also has a doctorate degree in rural advancement from Universiti Putra Malaysia in Malaysia. And an advanced management and leadership study at Said Business School, University of Oxford, in 2022. For those hoping that the billionaire businessman is still in the bachelors club, they will be disappointed to know that the 43-year-old man is happily married to a Yoruba woman, Oluwatosin Mmobuosi, and they are blessed with three children, Isioma, Nwamaka and Dozy Jr Mmobuosi.
Mmobuosi is also a philanthropist. He established the Dozy Mmobuosi Foundation in 2021 with a mission to support the African population in various sectors, including education and healthcare, and promote social empowerment by addressing prevalent structural challenges on the continent. He is also an accomplished author, in 2020, he published his first book titled ‘Wounded Price’. Mmobuosi is however not without some controversies. His is embroiled in lawsuits for unpaid debts in both the United States and the United Kingdom.
A few weeks after news of his interest to buy the English football club made the rounds, it was alleged that the Nigerian entrepreneur was sued in a Connecticut lawsuit by one of his top executives at Nigeria-based subsidiary Tingo Mobile, Sukhdeep Bhogal, for reportedly withholding payment for at least six months of work. Bhogal, an Indian national, had assisted in raising $400 million for a Tingo unit, according to court documents. Jennie Woltz, Bhogal’s lawyer claimed the benefits allegedly unpaid to his client amounted to hundreds of thousands of dollars of wage theft for the six months he worked with him. The businessman also has an ongoing legal dispute in the UK. A UK court ordered Tingo International Holdings Inc., to pay £87,000 ($105,000) to settle unpaid rent for a property in Radlett that he had used as its private residence.
