Hello and welcome. You are listening to Patrick Boyle on Finance, a podcast exploring ideas from quantitative finance, examining events occurring in markets right now and financial history to see what lessons can be taken away, including interviews with some of the most interesting people in the world of finance. To learn more about the podcast, visit onfinance.org.

In a 2020 interview with the Nigerian newspaper Vanguard News, Dr. Dozy Mabosi told a reporter

that his greatest struggle was with corporate governance.

While that might have been true in 2020, today his greatest struggle appears to be with securities

regulators, as last week the SEC announced charges against Dr. Dozy and his companies.

But the charges do, of course, relate to his struggles

with corporate governance.

Last month, the SEC halted trading in Tingo Group and agrifintech after finding inaccuracies

in their disclosures.

Last week, they announced charges against Dozy Mabosi and three affiliated

US entities of which he is the CEO, in connection with an alleged multi-year scheme to

inflate their financial performance metrics to defraud investors worldwide. And you're not meant to do that.

It's considered bad corporate governance.

So what does Tingo do?

Well, I'll let Dr. Dozy explain.

Well, Tingo is, first, beyond one of our businesses does agri fintech.

We provide financial inclusion services to smallholder farmers in Nigeria, and now we are in Ghana,

we're in Malawi, and we've just set up in Dubai.

But it's now beyond financial inclusion.

We have just launched a super app, and we're collaborating with brands like Visa to provide financial inclusion. We have just launched a super app and we're collaborating with brands like Visa to provide financial inclusion.

A super app, okay, but that was still a bit confusing. Maybe the president of the firm can explain it a bit better.

As a company, we do financial inclusion. As a company, we do mobile.

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