In response to SEC fraud charges, Tingo's co-CEO Dozy Mmobuosi steps down temporarily, agreeing with the Board of Directors. The SEC alleges a multi-year scheme to inflate financial metrics and personal fund misappropriation. Ken Denos will serve as interim group CEO. Tingo vows to vigorously defend against the SEC complaint and continues growth plans despite trading suspension. Investigations continue, with a temporary restraining order issued to freeze Mmobuosi's assets.
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