Hindenburg Research, a US-based investment research firm, has accused Tingo Group, a Nigerian company, of being an “exceptionally obvious scam with completely fabricated financials”. Tingo’s lies: Hindenburg accused Tingo’s founder and CEO Dozy Mmuobuosi of lying about creating the first mobile payment app in Nigeria. It also reported that the Malaysian university which Dozy claimed gave him a PhD said that no one by his name was found in their verification system. Tingo founder Dozy Mmuobuosi More fabrications: In 2021, Tingo announced that it had partnered with Nigerian bank FCMB to expand its mobile services, which would birth its payment group, TingoPay. Two days…
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Nigeria is currently in a transitional period as President Bola Tinubu’s new administration implements austerity measures for the advancement of the most populous black nation. The cost of petroleum has increased by almost 100% as a result, while other commodity prices have increased across the board. Tolulope Ayeni, the leader of KikioTolu Solutions, has decided there is no need for a price review of their services despite the economic difficulties and uncertainty. According to the him, maintaining steady prices would be very advantageous to business owners nationwide. Over the years, KikioTolu Solutions has offered business development services to Nigerian businesses…
A Catechist from St. Martins Parish Mbape in Adikpo deanery, Kwande Local Government Area of Benue state is said to be at large following the death of his lover. The catechist identified as Oliver Vershima was said to have taken to his heels having been caught with the corpse of a woman suspected to be his lover. He was said to be planning to dispose of the lady’s body when he was caught but still escaped. A native from the community who simply identified himself as Terhemba told journalists early hours of Tuesday that the incident happened last Saturday. He…
A critical dam along the front line in southern Ukraine was destroyed on Tuesday, with videos showing cascades of water pouring through the breach, putting thousands of people downstream at risk. As water levels rose south of the dam, residents in the town of Antonivka, about 40 miles downstream, described watching in horror as roiling floodwaters swept past carrying trees and debris from washed-out houses. Ukrainian emergency crews rushed to evacuate the most vulnerable on the western side of the river, while conservationists warned that a huge and long-lasting environmental disaster was unfolding. It was more difficult to assess what…
At a ceremony in November, the Nigerian government celebrated the discovery of as many as 1 billion barrels of oil in the country’s arid northeast, almost 1,000 kilometers (621 miles) away from the crude-rich Niger Delta. The state’s partners in the multi-billion dollar project in the impoverished, landlocked corner of the country is a company founded by two brothers from India. The siblings have built the largest independent oil company in Africa’s biggest crude producing nation even as India pursues them as criminals — accusing them of perpetrating “one of the largest economic scams in the country.” Now, as newly…
Calls are growing for the arrest of a woman accused of shooting dead her mother-of-four neighbor after she complained about the victim’s children playing outside. The children of Ajike ‘AJ’ Owens were playing in a field near an apartment complex in Ocala, Florida, on Friday when her neighbor ‘began yelling at them to get off her land and calling them racial slurs’, renowned civil rights attorney Ben Crump said. The children then accidentally left an iPad behind after leaving the field, Crump explained, before going back to fetch it. But the neighbor, a 58-year-old white woman, who was not named, had taken the…
The Nigeria Police Force, on Friday, arraigned a 53-year-old businessman, King Dauda, before a Kado Grade 1 Area Court, Abuja, for stealing the sum of N92,300 from a sex worker. Dauda, of EFAB Global Estate, Life Camp, Abuja, was charged with theft. The defendant, however, pleaded not guilty to the charge. The Prosecution Counsel, Stanley Nwafoaku, told the court that on May 26, at about 9:05 a.m., Ms Bolaji Olufumi, of Prosper Road Area 3, Abuja, reported the matter at Life Camp Police Station. Nwafoaku said that on May 20, the defendant invited the complainant to his residence, located at…
Famous Nigerian media personality and actress, Laura Monyeazo Abebe, better known as Moet Abebe, has revealed that she was once engaged, but the relationship failed due to abuse. According to her, she could have been married by now but things didn’t work out between her and her ex-fiance. She disclosed this in a recent chat with media personality, Chude Jideonwo. A teary Abebe shared more details, revealing that she was in an abusive relationship for almost three years. The silver lining for the media personality, however, was the fact that she realised later on her own that the relationship was…
The Ekiti Patriotic Consultative Forum (EPCF) has written to the Economic Financial Crime Commission (EFCC), asking it to investigate and prosecute the former governor of the state, Dr. Kayode Fayemi for allegedly diverting public funds meant for the construction of the state’s abandoned cargo airport and other capital projects. This was stated in a letter dated May 10, 2023, and addressed to the agency’s chairman, Abdulrasheed Bawa, requesting that the alleged fraudulent conduct of Fayemi and his cronies should be investigated. These alleged scams include the allocation of fraudulent security votes for himself as governor, contract inflation, money laundering, and…
President Bola Ahmed Tinubu on Friday confirmed the appointment of George Akume as the Secretary to the Government of the Federal. Below are quick facts about the new SGF. 1. George Akume was born 27 December 1953. 2. He was the Minister of Special Duties and Inter-governmental Affairs under the President Muhammadu Buhari administration. 3. He was the Minority Leader of the Senate from June 2011 to June 2015. 4. Akume was also the Governor of Benue State from May 1999 to May 2007. Under the People’s Democratic Party (PDP), he was the first Governor to have completed two terms…
