Meet Nigerian Billionaire, Dozy Mmobuosi Who Wants to Buy English Club, Sheffield United for N50.6bn

Meet Nigerian Billionaire, Dozy Mmobuosi Who Wants to Buy English Club, Sheffield United for N50.6bn

  • A relatively unknown Nigerian billionaire is making moves to acquire an English Football Club
  • Dozy Mmobuosi is in talks with Sheffield United to ink a N50.6 billion acquisition deal for the club
  • Mmobuosi is a tech entrepreneur who founded Tingo Mobile, a tech company where he assembles phones in Nigeria

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.

Dozy Mmobuosi, Tingo Mobile, Sheffield United
Dozy Mmobuosi, founder of Tingo Mobile Credit: Mmobuosi
Source: Twitter

Mmobuosi's tech company

He founded Tingo Mobile in Nigeria in 2001, a company that has grown consistently since.

Read also

“He’s Back”: Mark Zuckerberg Gains $13 Billion in Less Than 24 Hours as Meta Shares Surge

PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!

He created a foundation in 2021 where he promotes Africa’s progress to a world where Africans can thrive.

Mmobuosi is heavily vested in funding and improving education, healthcare and information technology in Nigeria.

Tingo Mobile is currently valued at over 7 billion pounds.

Facts about Mmobuosi

The Political Science graduate from Ambrose Alli University designed and launched Nigeria’s first SMS Banking Solution known as Flashmecash, which was acquired by First City Monument Bank (FCMB), a Punch report says.

He advises large corporations and organisations and holds a bachelor’s degree in Rural Advancement from Universiti Putra in Malaysia.

Also, Mmobuosi completed Advanced Management and Leadership Programme at Said Business School at Oxford in 2022.

He set up two mobile phone assembly facilities in Nigeria to help Nigerians gain access to the internet and smartphone.

Read also

Top digital wallets to adopt in Nigeria to avoid excessive bank charges

Dangote, Rabiu and Adenuga lead Forbes Africa’s richest people’s list for January 2023 reported that according to Forbes, Africa’s billionaires lost a combined $3.1 billion in the last 12 months.

Africa’s 19 billionaires are worth an estimated $18.5 billion, a decline from $84.9 billion in 2021, despite the presence of new millionaires on the list.

The 4% decline follows a 15% increase on the heels of surging stock prices across Africa.

The moguls’ fortunes dipped as equity values across the world are falling with the S&P All Africa index dropping more than 20% in the last nine months of 2022.


Online view pixel