Nigerian Billionaire, Dozy Mmobuosi. Who Wants to Buy Sheffield United, Sued in UK, US Over Debts

Nigerian Billionaire, Dozy Mmobuosi. Who Wants to Buy Sheffield United, Sued in UK, US Over Debts

  • A Nigerian tech billionaire, Dozy Mmobuosi has been sued both in the US and the UK over debts
  • An Indian sued the billionaire over unpaid wages of about six months while Mmobuosi was sued for trespass in the UK
  • The Nigerian billionaire is the owner of Tingo Mobile, an agric-tech company

The Nigerian billionaire who wants to buy English Club Sheffield United has been sued in the United Kingdom and the US for not paying his debts

Dozy Mmobuosi became the preferred buyer of the English Championship club, Sheffield United, struggling to pay its bills despite sitting in the promotion zone of the Championship spot for a return to the Premier League.

Dozy Mmobuosi, Tingo Mobile
Cofounder of Tingo Mobile, Dozy Mmobuosi Credit: Tingo Mobile
Source: Getty Images

Former employee sues Mmobuosi

According to reports, in a $300,000 Connecticut lawsuit, one of his senior executives sued the billionaire for not paying about half a year’s salary.

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An Indian national, Sughdeep Bhogal, a former employee of Tingo Mobile owned by Mmobuosi, launched a case against the billionaire last year in the United Kingdom.

Court documents obtained in Connecticut stated that Bhogal helped the firm to raise $400 million.

The lawsuit states:

"For more than six months but was paid almost no wages during that time, and was deprived of all other bonuses and equity promised to him at the start of his employment, representing hundreds of thousands of dollars of wage theft,” Jennie Woltz, his lawyer in the US suit said in a statement.

Mmobuosi accused of trespass

In February last year, a UK court ordered Tingo International Holdings Inc. to pay a British property firm about 87,000 pounds in rent to settle damages for trespass, and continued use and occupation Mmobuosi used as his private residence in the upmarket village of Radlet, northwest London.

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In the US court case, the court used a Watford County Court order.

Meet Nigerian billionaire Dozy Mmobuosi, who wants to buy English club, Sheffield United for N50.6bn

Legit.ng reported that Nigerian tech entrepreneur Dozy Mmobuosi is close to acquiring Sheffield United, an English Club, for around 90 million pounds amid a transfer embargo by the club.

Reports say Mmobuosi is allegedly in the final stages of finalising the deal. He is said to be waiting to pass EFL’s owners and directors’ test but beyond that, he is good to go.

He founded Tingo Mobile in Nigeria in 2001, which has grown consistently.

Source: Legit.ng

Authors:
Pascal Oparada avatar

Pascal Oparada (Business editor) For over a decade, Pascal Oparada has reported on tech, energy, stocks, investment, and the economy. He has worked in many media organizations such as Daily Independent, TheNiche newspaper, and the Nigerian Xpress. He is a 2018 PwC Media Excellence Award winner. Email:pascal.oparada@corp.legit.ng

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