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US Charges Nigerian Businessman, Three Companies Over ‘Massive’ Fraud

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The United States Securities and Exchange Commission (SEC), on Monday, filed charges against Nigerian businessman and CEO of Tingo Group, Mmobuosi Odogwu Banye, aka Dozy Mmobuosi, and three companies for inflating financial records of the companies and key subsidiaries to defraud investors.

According to the commission, Mmobuosi has since 2019 inflated the financial statements of Tingo Mobile Limited. It also stated that, as against the $461.7 million reported for its 2022 fiscal year, the company’s bank account allegedly showed a combined balance of less than $50.

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The statement partly reads: “The SEC’s complaint, filed on December 18, 2023, alleges that, since at least 2019, Mmobuosi spearheaded a scheme to fabricate financial statements and other documents of the three entities and their Nigerian operating subsidiaries, Tingo Mobile Limited and Tingo Foods PLC. The complaint further alleges that Mmobuosi made and caused the entities to make material misrepresentations about their business operations and financial success in press releases, periodic SEC filings, and other public statements.

READ ALSO: 2024 Poll: Group Calls On Dr. Umakhihe To Join Edo Governorship Race

“For instance, Tingo Group’s fiscal year 2022 Form 10-K filed in March 2023 reported a cash and cash equivalent balance of $461.7m in its subsidiary Tingo Mobile’s Nigerian bank accounts. In reality, those same bank accounts allegedly had a combined balance of less than $50 as of the end of fiscal year 2022. According to the SEC’s complaint, Defendants also fabricated the customer relationships that formed the basis of their purported businesses.”

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The SEC also revealed that Mmbuosi had made an unsuccessful attempt to buy a Premier League club earlier in the year.

“The complaint alleges that Mmobuosi and the entities he controls have fraudulently obtained hundreds of millions in money or property through these schemes, and that Mmobuosi has siphoned off funds for his personal benefit, including purchases of luxury cars and travel on private jets, as well as an unsuccessful attempt to acquire an English Football Club Premier League team, among other things,” the statement reads.

READ ALSO: EFCC Seeks Law To Seize Unexplained Wealth

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The commission said it had filed a complaint in the U.S. District Court for the Southern District of New York, and prayed six emergency applications, which include freezing Mmobuosi’s assets, and prohibiting TIH, Agri-Fintech and Tingo Group from transferring money or property or issuing shares to Mmobuosi.

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10 Countries Hiring Nigerians, Other Foreign Workers In 2025 With Easy Visa Process

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In 2025, the global race for skilled talent is intensifying as many countries grapple with labour shortages across key industries, prompting changes to visa policies to attract and retain foreign professionals.

In response, countries such as Canada, Japan, Australia, and Germany are expanding their immigration and visa pathways to attract foreign professionals.

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According to TravelBiz, sectors like technology, healthcare, construction, and caregiving are seeing especially high demand in top destinations.

These countries aren’t just offering jobs—they’re also providing opportunities for long-term residency or even a pathway to citizenship.

Top 10 Countries Hiring Foreign Workers in 2025

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1. New Zealand

New Zealand is streamlining immigration to address urgent gaps in its workforce.

In-demand roles: Civil Engineers, Registered Nurses, Plumbers, IT Professionals
Visa Pathway: Green List Straight to Residence Visa – direct pathway to permanent residency for critical occupations.

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READ ALSO: Top 10 Most-visited Countries In The World

2. Spain

Spain has simplified work visa procedures to combat labour shortages.

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Top roles: Construction Workers, Agricultural Labourers, Hospitality Staff
Visa Programs: Seasonal Worker Visa, General Long-Term Work Visa

3. Singapore

Asia’s innovation hub is actively hiring digital and biomedical professionals.

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High-demand jobs: Biomedical Scientists, Software Developers, AI & Machine Learning Experts
Visa Options: Employment Pass (for professionals), S Pass (for mid-skilled workers)
Applicants should check the Ministry of Manpower (MOM) website for guidelines.

4. Romania

Romania is scaling up its workforce by issuing thousands of visas to foreign workers.

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Key sectors: Construction, Agriculture, Hospitality
Visa Update: 100,000 annual guest worker visas approved for citizens of Nepal, Bangladesh, and India.
No university degree? No problem—these roles often don’t require one.

READ ALSO: 2025: Top 10 African Countries With The Largest Oil Reserves

5. Estonia

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Estonia is emerging as a digital economy leader with simplified work visa options.

Hiring in: Software Development, Web Design, IT Support
Visa Options: D-Visa (short-term employment), Digital Nomad Visa (for remote workers)

6. Ireland

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With a booming economy, Ireland is opening its doors to international professionals.

Jobs in demand: Nurses, Chefs, Childcare Workers, Data Scientists
Visa Programs: Critical Skills Employment Permit, General Employment Permit

7. Japan

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Japan is overhauling its immigration system to welcome more foreign talent.

Hiring for: Caregivers, Factory Operators, IT Engineers, English Instructors
Visa Options: Specified Skilled Worker (SSW), Highly Skilled Professional (HSP) Visa

READ ALSO:Top 10 Most Productive Countries In Africa In 2025

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8. Germany

Germany is making migration easier with a points-based system and international partnerships.

Top roles: Mechatronics Engineers, Technicians, Healthcare Workers, IT Specialists
Visa Type: Opportunity Card – a new system designed to simplify skilled migration
Knowing basic German is a plus; apply via the official Make it in Germany portal.

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9. Canada

Canada remains one of the most immigrant-friendly countries, actively recruiting in multiple sectors.

In-demand jobs: Nurses, Truck Drivers, Welders, Software Engineers
Visa Options: Temporary Foreign Worker Program (TFWP), International Mobility Program (IMP)
Workers can switch jobs immediately after filing a new permit—no need to wait for approval.

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10. Australia

Australia tops the list, thanks to booming demand in infrastructure and tech.

Top jobs: Construction Managers, Electricians, Cybersecurity Analysts, Aged Care Workers
Visa Route: Skills in Demand Visa, launched in December 2024, targets essential trades and high-growth fields
Apply early due to processing delays. Visit Home Affairs Australia and ensure your job title aligns with the official ANZSCO codes.

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Fire Guts Nigerian Pilgrims’ Hotel In Makkah

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The Imaratus Sanan Hotel on Shari Mansur Street in Makkah, which accommodates about 484 Nigerian pilgrims, was today gutted by fire while the pilgrims and others from around the world were at Mina performing their Hajj rites.

Nigerian pilgrims, like others globally, had departed Makkah for Mina — also known as Tent City — on Wednesday for the five-day Hajj observance. At the time of the fire, the pilgrims were on the second day of the stoning ritual at Jamarat.

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The fire guts hotel in Makkah incident, according to a statement made available to Sunday Tribune by the Assistant Director, Information and Publication, National Hajj Commission of Nigeria (NAHCON), Fatima Sanda Usara, occurred around 12 noon Saudi Arabian time (10 a.m. Nigerian time) on Saturday, June 7, 2025.

Usara disclosed that the affected pilgrims were from six Nigerian private tour operator companies and confirmed that no lives were lost in the fire.

READ ALSO: qSaudi Uses AI, Drones And Thousands Of Cameras To Keep Hajj Pilgrims Safe

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The National Hajj Commission of Nigeria (NAHCON) regrets to inform the public of a fire incident that occurred earlier today, Saturday, 7th June 2025, around 12:00 noon (KSA time), at one of the hotels accommodating Nigerian pilgrims on Shari Mansur Street in Makkah,” she said.

“The affected hotel, Imaratus Sanan, was hosting about 484 pilgrims from six Nigerian private tour operator companies. Thankfully, no lives were lost, and all pilgrims are safely in Mina. Immediate emergency response by Saudi authorities and the hotel management helped to contain the fire swiftly and prevent it from spreading throughout the building,” she added.

NAHCON Chairman/CEO, Professor Abdullahi Saleh Usman, led a delegation to the site of the incident to assess the extent of the damage and ensure the welfare of the pilgrims.

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Following the incident, the Chairman/CEO of NAHCON, Professor Abdullahi Saleh Usman, alongside Commissioner for Policy, Personnel Management and Finance, Alhaji Aliu Abdulrazak, and Deputy Makkah Coordinator, Director Alidu Shutti, promptly visited the location to evaluate the situation and ensure that the welfare of the affected pilgrims is prioritized,” the statement read.

READ ALSO: Hajj 2024: Nigerian Pilgrim Allegedly Commits Suicide In Saudi Arabia, Another Dies From Illness

During the visit, Professor Usman expressed concern and ordered the immediate relocation of the affected pilgrims to a new hotel. He assured them that the commission would provide every possible support to cushion the impact of the incident.

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He thanked Almighty Allah that no life was lost in this unfortunate incident and promised that NAHCON would collaborate with the affected tour operators to ensure the smooth resettlement of the pilgrims,” Usara stated.

The Chairman and his team have since inspected the new accommodation, and arrangements for the pilgrims’ resettlement have been finalized.

She further noted that both Professor Usman and Commissioner Abdulrazak commended the prompt response of Saudi emergency services and the cooperation of the hotel staff in controlling the situation.

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Reports reaching Sunday Tribune indicate that the fire guts hotel in Makkah caused considerable structural damage, but NAHCON has secured alternative accommodation where the pilgrims will be housed upon their return to Makkah on Sunday.

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Elon Musk Deletes Post Claiming Trump Was ‘In The Epstein Files’

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Elon Musk has deleted a controversial tweet in which he claimed—without offering evidence—that US President Donald Trump appeared in documents related to convicted sex offender Jeffrey Epstein.

The Tesla and SpaceX founder’s post, made on Thursday, alleged that Trump was named in the Epstein files. The accusation, unsubstantiated at the time, quickly ignited a political firestorm.

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Responding to the claims in an interview with ABC News, Trump lashed out at the billionaire, saying Musk had “lost his mind.”

The clash marks a dramatic escalation in tensions between the two once-close allies.

READ ALSO: Trump Puts His Tesla Car Up For Sale As Feud With Elon Musk Escalates

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It follows Musk’s suggestion of launching a new political faction in the United States, tentatively dubbed the “American Party.”

The idea was floated in a poll to his 220 million followers on X (formerly Twitter), where 80 per cent of respondents supported the proposal.

“This is fate,” Musk commented.

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Musk’s shift comes as he fiercely criticised the president’s flagship economic proposal, which he labelled the “Big, Beautiful Bill.”

READ ALSO: Trump Orders Inquiry Into ‘Conspiracy’ To Hide Biden’s Health Decline

He warned the policy could explode the national debt by $2.4 trillion (£1.8 trillion), undermining his own reform work while leading the now-defunct Department of Government Efficiency (DOGE).

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Musk has even called for Trump’s impeachment, suggesting he be replaced by Vice President JD Vance—a bold move just days after stepping down from DOGE.

Trump dismissed the criticism, claiming Musk’s opposition stemmed from cuts to electric vehicle incentives included in the bill.

He added that a full review of Musk’s substantial federal contracts, including $22 billion (£16.2 billion) in agreements with SpaceX, may now be necessary.

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READ ALSO: ‘Disgusting Abomination’ – Elon Musk Blasts Federal Spending Under Trump

In a symbolic jab, sources say the president is considering selling a Tesla vehicle he previously purchased.

The public feud has already had financial consequences.

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Tesla shares tumbled 14.3 per cent on Thursday, wiping out approximately $150 billion (£111 billion) in market value.

The high-profile rift continues to develop amid rising tensions in US politics and speculation about third-party movements ahead of the next presidential election.

(THE STANDARD)

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