Dozy Mmobuosi: Why Court Halted Nigerian Billionaire From Sheffield Takeover

• Dozy Mmobuosi is making frantic efforts in buying English Football League club Sheffield United
• Negotiations are said to be underway for the Nigerian billionaire to take over the club for around €90million
• It was gathered that the billionaire has an outstanding County Court judgment against him in the UK for failing to pay rent

The takeover bid of Sheffield United by Nigerian businessman Dozy Mmobuosi has suffered a setback after the court halted the transfer.

It was gathered that the billionaire has an outstanding County Court judgment against him in the UK for £30,109 for failing to pay his rent on a property in St Albans, Hertfordshire.

Mmobuosi has indicated an interest in buying the English club and negotiations are already underway in a deal set to be around €90million.

According to Inside World Football, the 43-year-old incurred the debt between April and December 2020.

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Further claims have it that the landlord’s agents made several attempts to recover the money but to no avail.

It was alleged that Mmobuosi also admitted and promised to pay the money, but he has yet to fulfil it – with fresh claims that he has enough complete a £90m takeover deal for Sheffield United, Punch reports.

Findings have it that EFL officials are reviewing the bid and no approval has been granted for him to take ownership of the club.

Paul Andrew, owner of the property in St Albans said:

“If we suspend disbelief for the moment, Mr Mmobuosi may simply have let the County Court judgment slip from his mind.

“That seems very difficult to comprehend given that he was distressed about the impact on his family of these persistent attempts to resolve the county court judgment.

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“At the very least he needs to explain his amazing philanthropic principles against this background of what appears to have been lies and deception… I concluded long ago that he never intended to settle this debt.”

Who is Dozy Mmobuosi?

Sports Brief earlier reported that Dozy Mmobuosi is a tech entrepreneur, who owns the platform Tingo which has been valued at around £7billion. Tingo was founded in 2001.

He is one man who has continued to advocate technological advancement and social uplift in Africa and beyond.

Mmobuosi masterminded Nigeria’s first SMS Banking Solution called ‘Flashmecash’, which was later sold to the First City Monument Bank.