The Downfall of Doctor Dozy!

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  • เผยแพร่เมื่อ 5 ต.ค. 2024
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    Dozy Mmobuosi, the founder and CEO of Tingo Mobile has been accused by US Regulators of running a "staggering fraud."
    Tingo Mobile claimed to provide mobile phones to rural farmers in Nigeria and build a fintech super app. It quickly grew into a multibillion-dollar empire with a listing on New York’s Nasdaq stock exchange.
    Dr Dozy, the London-based tycoon attempted to buy the Premier League football team Sheffield United but struggled to prove his financial resources.
    It turns out that Mmobuosi’s businesses, as they were commonly understood, may never have existed.
    The SEC has accused the Nigerian businessman Mmobuosi Odogwu Banye - of perpetrating an ongoing fraud of “staggering” proportions.
    SEC Case against Dozy Mmobuosi, et al: www.sec.gov/li...
    Hindenburg Report on Tingo Group: hindenburgrese...
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ความคิดเห็น • 2K

  • @PBoyle
    @PBoyle  9 หลายเดือนก่อน +80

    Go to ground.news/patrickboyle to stay fully informed. Subscribe through my link this month for 40% off unlimited access.

    • @zlm001
      @zlm001 9 หลายเดือนก่อน +1

      The way your left hand moves reminds me of the tip of a cat's tail.

    • @LeoCesar-yr1wp
      @LeoCesar-yr1wp 9 หลายเดือนก่อน

      Bossy the bozo, just another crook that learned financial and tech lingo to believe their own bs.

    • @eliotmansfield
      @eliotmansfield 9 หลายเดือนก่อน

      Take a look at William storey - the bloke that sponsored haas f1 with his non existent energy drink

    • @Flyingfuck
      @Flyingfuck 9 หลายเดือนก่อน +4

      There seems to be a suprascammeer from Africa..
      It's called elon musk. ( capital destructor by a thousand noses )

    • @UncleJoeLITE
      @UncleJoeLITE 9 หลายเดือนก่อน

      Have a happily droll new year, cheers from bustling Canberra Patrick.

  • @blinkingred
    @blinkingred 9 หลายเดือนก่อน +2698

    I swear does forbes ever feature non sketchy people/scam artists. How does Forbes still have any credibility left

    • @muhdiversity7409
      @muhdiversity7409 9 หลายเดือนก่อน +204

      Wait, was he a Forbes person of the year? If so then he must be guilty. allegedly.

    • @notnoaintno5134
      @notnoaintno5134 9 หลายเดือนก่อน +43

      Lmao it's true

    • @jennysittinger7888
      @jennysittinger7888 9 หลายเดือนก่อน +310

      ​@@muhdiversity7409 Either guilty of fraud or a junior banker. As Patrick put it in an older video, if you're on Forbes 30 under 30 and you're not coming back from picking up your boss's coffee, you need to start booking your travel to a non-extradition country.

    • @muhdiversity7409
      @muhdiversity7409 9 หลายเดือนก่อน +145

      @@jennysittinger7888 I have to give him a pass, though. He has Disney vibes as he used words like "inclusion" "gender" and "diversity" How could he be evil ?

    • @owentheslug
      @owentheslug 9 หลายเดือนก่อน +61

      @@muhdiversity7409 it's really gotten so that you can just see who person of the year was & just assume that in 2-5 years there will be some amazing court case going on. i have no idea exactly when they went bad, i'm sure it's been at least a decade, but i don't know the actual timeline. i assume there was a head editor change & that person was trash.
      allegedly

  • @djpuplex
    @djpuplex 9 หลายเดือนก่อน +1211

    The Nigerian CEO scam. A new twist on a old classic.

    • @Mayhzon
      @Mayhzon 9 หลายเดือนก่อน +41

      This is what we live for 😂

    • @robertharvilla4881
      @robertharvilla4881 9 หลายเดือนก่อน +58

      Nigerian prince scam eat your heart out.
      LOL

    • @ZeroCrystal
      @ZeroCrystal 9 หลายเดือนก่อน +17

      So, the old Nigerian prince scam is a 419. What number would you assign to this scam? I'd say 421, for obvious reasons.

    • @eneyi2153
      @eneyi2153 9 หลายเดือนก่อน

      Please keep your prejudice. Nigeria has a lot of legitimate businesses making the most impact across Africa. Blame your western media who do not cover real African companies doing real stuff but featuring fraudulent quick cash out schemes. That is your problem not ours. Tell your western faux journalists to learn how to do their jobs. Also no one refers to SBF scam as the ‘American CEO scam’ 🙄🙄 Cheers.

    • @stefanfrankel8157
      @stefanfrankel8157 9 หลายเดือนก่อน +14

      Watching Itchy Boots (Noraly from the Netherlands) riding her motorcycle from Morocco down the Atlantic coast of Africa to Nigeria, Cameroon, and beyond. It turns out that Cameroon just southeast of Nigeria actually has a sitting king descended from a long line of kings. And he hasn't tried to scam anyone. In fact he just opened a new museum based in part of his palace.

  • @NickRu-jl6tr
    @NickRu-jl6tr 9 หลายเดือนก่อน +694

    Tingo definitely has the $400 million in assets, but it is being held in gold bars by a Nigerian prince who emailed me asking for help getting it out of the country. We're on it.

    • @jamesodell3064
      @jamesodell3064 9 หลายเดือนก่อน +42

      Or $400 million in Zimbabwe currency.

    • @everlastbella8229
      @everlastbella8229 9 หลายเดือนก่อน +11

      Yooo 😂

    • @nicklovell8148
      @nicklovell8148 9 หลายเดือนก่อน +20

      Brilliant! Too good... you are indeed a scallywag sir...

    • @isabheipyu9849
      @isabheipyu9849 9 หลายเดือนก่อน +5

      😂😂😂

    • @TheJustinJ
      @TheJustinJ 9 หลายเดือนก่อน +18

      But first you mist send $4,000 to confirm your routing number. Then meet the container ship in the port next month.

  • @ROMANTIKILLER2
    @ROMANTIKILLER2 9 หลายเดือนก่อน +495

    The most surprising part of this story is that Softbank was not investing into Tingo.

    • @andrewdevine3920
      @andrewdevine3920 9 หลายเดือนก่อน +33

      They weren't crazy enough for Softbank

    • @lo2740
      @lo2740 9 หลายเดือนก่อน +14

      actually, that is because they are already on the deal since a while, they even already paid the shipping fee for the 400 millions in gold bars.

    • @Fireclaws10
      @Fireclaws10 9 หลายเดือนก่อน +22

      Rip Credit Suisse, they would have been elbow deep in this

    • @pusangpula
      @pusangpula 9 หลายเดือนก่อน +3

      hahaha agree

    • @snooganslestat2030
      @snooganslestat2030 9 หลายเดือนก่อน

      ​@@lo2740😂

  • @CoffeeTroll
    @CoffeeTroll 9 หลายเดือนก่อน +578

    At this point, I’m starting to believe Forbes is part of the “fake it ‘til you make it” train

    • @carlmorgan8452
      @carlmorgan8452 9 หลายเดือนก่อน +15

      House of cards / without the cards 🤪🙉

    • @boink800
      @boink800 9 หลายเดือนก่อน +11

      It's not doing the crime which is wrong -- it's getting caught which is wrong.

    • @stefanfrankel8157
      @stefanfrankel8157 9 หลายเดือนก่อน +19

      I stopped watching Forbes' TH-cam channel when it became apparent that they had a decidedly rightwing slant. This just puts an exclamation mark on my conclusion.

    • @joeschmoe6908
      @joeschmoe6908 9 หลายเดือนก่อน +29

      ​@@stefanfrankel8157Realistically they're in the business of selling capitalism and it's accoutrements, it would be strange if they didn't lean right.

    • @toomanyaccounts
      @toomanyaccounts 9 หลายเดือนก่อน

      @@stefanfrankel8157 LOL! Integrated Whale Media Investments a chinese company owns Forbes.

  • @compuholic82
    @compuholic82 9 หลายเดือนก่อน +450

    "As a company we do financial inclusion, as a company we do mobile, we do gender inclusion, we do food security [...]"
    Well, that certainly clears things up. Where do I sign?

    • @chrissasin6676
      @chrissasin6676 9 หลายเดือนก่อน

      He hit all woke platitudes! Changing gender next ,I hope

    • @r312du6
      @r312du6 9 หลายเดือนก่อน +33

      you just send them your social security, bank account, pin number and your moms maidan name. and then just wait .... millions .. no .... Billions are coming your way

    • @PStewart28
      @PStewart28 9 หลายเดือนก่อน +13

      I would run as soon as I heard that

    • @drebubechiibegbula9704
      @drebubechiibegbula9704 9 หลายเดือนก่อน +8

      like seriously, from what they were saying i knew they were just scammers ...

    • @chrissasin6676
      @chrissasin6676 9 หลายเดือนก่อน

      @@drebubechiibegbula9704 I think I inherited large fortune from Nigeria,:)

  • @funmilayotijani3119
    @funmilayotijani3119 9 หลายเดือนก่อน +144

    Nigerian media houses have been calling out this scam for years! Former employees even made twitter threads about it, it was a running joke on Nigerian twitter
    Anybody that fell for this simply did not do their due diligence

    • @kogiman
      @kogiman 8 หลายเดือนก่อน +8

      Thank you o
      I think the question is:
      How did they ever get let onto the NASDAQ in the first place?

    • @sblijheid
      @sblijheid 8 หลายเดือนก่อน +5

      @kogiman
      They didn't. They could not list directly, which is why they used a reverse merger.

    • @kogiman
      @kogiman 8 หลายเดือนก่อน +4

      @@sblijheid
      Still.
      How could they have been allowed to.
      Reverse or not.
      They got a ticker; didn't they?

    • @nauticdixons
      @nauticdixons 6 หลายเดือนก่อน +2

      I actually thought he was going to quote @DavidHundeyin, who had done this story some time back.

    • @adamh1228
      @adamh1228 5 หลายเดือนก่อน +1

      @@kogiman those reverse merger/spac things are definitely a loophole in what the SEC is specifically trying to prevent with normal stock listings. hopefully these types of shady listing tricks get shut down at some point.

  • @Thornspyre81
    @Thornspyre81 9 หลายเดือนก่อน +345

    I about crapped myself when he was talking about the claimed balance of $461 million vs the actual balance of $50: "...that would usually be considered a substantial discrepancy." AHAHAHAHHAH

    • @greebj
      @greebj 9 หลายเดือนก่อน +29

      He mentioned some regulatory disclosure documents were missing a zero off some figures... thats where seven of them went 😂

    • @riledmouse4677
      @riledmouse4677 9 หลายเดือนก่อน +6

      Lol me too

    • @rethabilenxumalo9742
      @rethabilenxumalo9742 8 หลายเดือนก่อน +1

      😂😂😂😂😂

    • @Ln-cq8zu
      @Ln-cq8zu 5 หลายเดือนก่อน

      Only "usually" considered but obviously not considered at all if an Israeli accounting company!
      You're not looking at the bigger picture😂

    • @Ln-cq8zu
      @Ln-cq8zu 5 หลายเดือนก่อน +2

      How do I pull this off?
      I've got the basics I've got £50 quid in the bank 😂

  • @PonyCordero
    @PonyCordero 9 หลายเดือนก่อน +252

    This man will look us in the eye and give 10 minutes of well put together financial news/info and then just drop a huge sarcasm bomb and carry on like it didn't happen😂😂😂

    • @joelrasdall7662
      @joelrasdall7662 9 หลายเดือนก่อน +7

      "And you're NOT meant to do that" re: long-term deliberate fraud--man, I misread that whole situation so, so badly before he clarified it for me :D

    • @riledmouse4677
      @riledmouse4677 9 หลายเดือนก่อน +5

      It’s the greatest

    • @bhangumthembu1228
      @bhangumthembu1228 9 หลายเดือนก่อน +5

      His delivery is brilliant 😂 the sarcasm!!!I love it 😂

    • @karbonkopje1039
      @karbonkopje1039 6 หลายเดือนก่อน +1

      And that is Art

    • @Ln-cq8zu
      @Ln-cq8zu 5 หลายเดือนก่อน

      ​@@joelrasdall7662
      Dozy ; You are NOT meant to do that? I didn't know 😂
      Deloitte Israel; well that's alright then, you're signed off 😂

  • @reavercity568
    @reavercity568 9 หลายเดือนก่อน +738

    honestly it is impressive to the degree in which the man was able to sell the lie

    • @mbg9650
      @mbg9650 9 หลายเดือนก่อน +34

      Nigeria... no thanks.

    • @curtisalex456
      @curtisalex456 9 หลายเดือนก่อน +18

      The "business idea" is interesting but he got greedy. The way he went about his listing is "impressive". Israel, Thailand, China, US. Damn!!!

    • @razadaza9651
      @razadaza9651 9 หลายเดือนก่อน +32

      Tells you a lot about society

    • @stuartmorley6894
      @stuartmorley6894 9 หลายเดือนก่อน +21

      ​​@@mbg9650I know it's terrible to tar a whole nation with the same brush but yeah.
      .

    • @asirnewazkhan4172
      @asirnewazkhan4172 9 หลายเดือนก่อน

      @@stuartmorley6894 I wonder if Dr. Dozy is related to the Nigerian Prince we used to get emails from

  • @chuckrogers5567
    @chuckrogers5567 9 หลายเดือนก่อน +200

    Words I never uttered to myself, I need to invest in a Nigerian company named Tingo run by a guy named Dozy.

    • @Star-hg1kt
      @Star-hg1kt 9 หลายเดือนก่อน +9

      😂😂🤣

    • @chunkycornbread4773
      @chunkycornbread4773 4 หลายเดือนก่อน

      Only off of a sales pitch with no due diligence. These investors are brain dead I swear.

  • @maemorri
    @maemorri 9 หลายเดือนก่อน +361

    Why isn't anyone asking the real question: how did DeLoitte sign off on the financials? I didn't hear mention of any legitimate business whatsoever. So what did they audit?

    • @nandi123
      @nandi123 9 หลายเดือนก่อน

      I doubt Deloitte had any business dealings with Tingo. It is probably just another forgery.

    • @robsomethin4415
      @robsomethin4415 9 หลายเดือนก่อน +136

      The money going into their pockets was real enough

    • @nandi123
      @nandi123 9 หลายเดือนก่อน

      @@robsomethin4415 How do you know they performed an audit or were paid?

    • @samsonsoturian6013
      @samsonsoturian6013 9 หลายเดือนก่อน +4

      No one on this thread will shut up about that. But in any case, that's a matter for the PCAOB

    • @marcusaurelius49
      @marcusaurelius49 9 หลายเดือนก่อน +51

      Hardly surprising. These accounting firms have zero morals and are quick to write up favourable reports for the right fee.

  • @Kekessuck
    @Kekessuck 9 หลายเดือนก่อน +1010

    As a Nigerian, I get so pissed at this con men that weaponize racism as a defense for their fraudulent behavior. “Perhaps if you were not Nigerian…”, how about perhaps if you had a legitimate business that could lead you to success, you would not meet roadblocks. Instead you chose to exhibit behaviors that keep us in suspicion in perpetuity. Not that I blame him alone, I wonder how hard it can be for wealthy investors to do their due diligence. You can go to Safari in Africa but you can’t pop down to Lagos for a quick meeting? ridiculous

    • @SoundsLikeOdie
      @SoundsLikeOdie 9 หลายเดือนก่อน +86

      Many international companies have tried doing business in Nigeria.
      Most eventually face aggressive government regulation.
      Business leaders learn from the mistakes others make.
      Its a shame because Nigeria has massive potential.

    • @TheJustinJ
      @TheJustinJ 9 หลายเดือนก่อน +34

      It's philosophy.
      Their entire worldview is skewed to nonsense.
      Wealth comes from productivity. But "success" can cone from fraud up to a point.

    • @roc7880
      @roc7880 9 หลายเดือนก่อน +48

      I love you brother, I also know many people from nigeria at work who are honest and they always get mad when see media talking about Nigerian schemes.

    • @jeronimo196
      @jeronimo196 9 หลายเดือนก่อน +19

      I was going to point out you are victim blaming - but on a second thought I agree completely.
      Anyone who lost money on their nigerian investments, is clearly too stupid to have a disposable income.

    • @thecollierreport
      @thecollierreport 9 หลายเดือนก่อน +5

      Well said!

  • @rn2787
    @rn2787 9 หลายเดือนก่อน +270

    The worst part is there are probably thousands of people in his country with good ideas and entrepreneurial spirit who will never get a chance to have their business come to fruition. This man squandered what few will ever have.

    • @philippos5547
      @philippos5547 9 หลายเดือนก่อน +18

      Playing the race card on this is so horrendous and deceitful.

    • @andrewdevine3920
      @andrewdevine3920 9 หลายเดือนก่อน +25

      Yes, there's at least 100 more Nigerian princes who never got the opportunity to hit the big time

    • @JohnSmith-op7ls
      @JohnSmith-op7ls 9 หลายเดือนก่อน +4

      Yeah, not so much. There’s a reason it’s a dumpster fire despite lots of oil.

    • @jasonmaguire7552
      @jasonmaguire7552 9 หลายเดือนก่อน +7

      ​@JohnSmith-op7ls go invest in the nigeria index etf then if you're so "sure". Just ignore the past returns.

    • @POVShotgun
      @POVShotgun 9 หลายเดือนก่อน +2

      eh Nigeria doesn't have a great rep

  • @doneiliragaba1266
    @doneiliragaba1266 9 หลายเดือนก่อน +106

    If Hindenburg Research drops a paper on your Business, you know you’re in trouble. Shout out to Hindenburg for always bringing Scammy business to light.

    • @xiaoka
      @xiaoka 9 หลายเดือนก่อน +16

      Another scalp for their trophy wall.

    • @ThePapaja1996
      @ThePapaja1996 9 หลายเดือนก่อน +2

      And Finacial Times right a article on your business know you are in trouble

    • @SJ-cv4jk
      @SJ-cv4jk 7 หลายเดือนก่อน +2

      It was a pretty easy job. It was too obvious.
      I've seen their big office in Accra Ghana and it's always empty or closed.

    • @TheFikky40
      @TheFikky40 7 หลายเดือนก่อน +2

      Short sellers do incredible research because their win depends on the truthfulness of the research.

    • @LogeenthLive
      @LogeenthLive 4 หลายเดือนก่อน +2

      Sure, it can be said that Hindenburg Research only does it because they have a financial incentive to as a shortselling firm, but as long as it does good, then they can target whatever scummy business they want.

  • @chrisb.2028
    @chrisb.2028 9 หลายเดือนก่อน +225

    Imagine being outsmarted by a football team, props to their finances manager, he does deserve it's title of finances expert unlike the rest.

    • @compuholic82
      @compuholic82 9 หลายเดือนก่อน +58

      They probably asked the hard questions: Like "can you show us proof of your financial resources?". One has to wonder what exactly Deloitte has done during their audit.

    • @Laotzu.Goldbug
      @Laotzu.Goldbug 9 หลายเดือนก่อน +21

      ​@@compuholic82
      > Deloitte Israel
      Explains a lot

    • @vetreas366
      @vetreas366 9 หลายเดือนก่อน +1

      @@Laotzu.Goldbug Does it? What do you mean?

    • @gg-op9kc
      @gg-op9kc 9 หลายเดือนก่อน +2

      Others are experts too...for their own pockets

    • @RajaKhan-ol8lx
      @RajaKhan-ol8lx 9 หลายเดือนก่อน +1

      @@vetreas366read between the lines

  • @LostDemonic
    @LostDemonic 9 หลายเดือนก่อน +345

    You could say this whole scenario has been quite a doozy

    • @Mr-pn2eh
      @Mr-pn2eh 9 หลายเดือนก่อน +10

      Lmao

    • @lowwastehighmelanin
      @lowwastehighmelanin 9 หลายเดือนก่อน +8

      I audibly cackled. 😂

    • @forbesy33
      @forbesy33 9 หลายเดือนก่อน +3

      As basil brush used to say boom boom 💥💥

    • @AFineWar
      @AFineWar 9 หลายเดือนก่อน +2

      You got me good I laughed several times throughout the video but this comment right here made me guffaw

    • @siddharthk9487
      @siddharthk9487 9 หลายเดือนก่อน +2

      😂

  • @stuartmorley6894
    @stuartmorley6894 9 หลายเดือนก่อน +228

    The fact that someone could fail a fit and proper person test for English football is pretty impressive. The level of problems must have been ridiculous. They've let people buy clubs for £1 when they don't even have that £1. If investors couldn't spot that level of issue then that's incredibly worrying.

    • @HypermarketCommodity
      @HypermarketCommodity 9 หลายเดือนก่อน +1

      You won't believe the shit investor's buy, literally people bought a link for a picture with weird apes and it was all the rage.

    • @kelleychilton2524
      @kelleychilton2524 9 หลายเดือนก่อน +5

      @@HypermarketCommodity Amen to your comment ... enough said. 👍👍 What's that age-old saying? .... A fool and his money are soon parted.

  • @rosnajean1315
    @rosnajean1315 9 หลายเดือนก่อน +30

    The nerve of him to play the race card 🤦🏾‍♀️

    • @MrKrewie
      @MrKrewie 5 หลายเดือนก่อน +3

      when you're put into a corner, you swing with anything 😅

    • @Ln-cq8zu
      @Ln-cq8zu 5 หลายเดือนก่อน

      His nerve is the most impressive thing about him! 😂

  • @tocsa120ls
    @tocsa120ls 9 หลายเดือนก่อน +37

    Surprised they didn't announce Tingo AI yet.

    • @buravan1512
      @buravan1512 8 หลายเดือนก่อน

      Exactly 💯😂
      AI is the new scam slogan.

  • @caitlinelizabeth7808
    @caitlinelizabeth7808 9 หลายเดือนก่อน +56

    Hindenburg Research’ most groundbreaking exposure to date continues to be the appalling lack of due diligence performed by major shareholders and investors.

    • @rykehuss3435
      @rykehuss3435 7 หลายเดือนก่อน

      show bobs and vageine

  • @curryattack8985
    @curryattack8985 9 หลายเดือนก่อน +497

    A Nigerian scam? No way.

    • @hakattak
      @hakattak 9 หลายเดือนก่อน +1

      Nigerian scammers sold an airport that never existed… 😂

    • @gbaski30
      @gbaski30 9 หลายเดือนก่อน +30

      Explaining events with silly stereotypes is a sign of a lack of intelligence.

    • @bestprice1776
      @bestprice1776 9 หลายเดือนก่อน +96

      @@gbaski30 are you from Nigeria?

    • @gbaski30
      @gbaski30 9 หลายเดือนก่อน

      ​@@bestprice1776guess.

    • @cgasucks
      @cgasucks 9 หลายเดือนก่อน

      @@gbaski30 It's the truth. Most Nigerians are scammers. Now go away and Catfish some 70 year old woman out of her life savings posing as a 30 year old Navy Seal.

  • @DJVARAO
    @DJVARAO 9 หลายเดือนก่อน +72

    Dr Dozy's scam proves once again that greed supersedes caution at all levels.

    • @stefanfrankel8157
      @stefanfrankel8157 9 หลายเดือนก่อน +2

      Greed is the root of all evil, not money _per se._

    • @Laotzu.Goldbug
      @Laotzu.Goldbug 9 หลายเดือนก่อน +3

      ​@@stefanfrankel8157to be pedantic, the verse has never said that "money is the root" of vulnerable. it always says the _love of money_ is.

  • @drosophilamelanogaster3957
    @drosophilamelanogaster3957 9 หลายเดือนก่อน +38

    Never underestimate the son of a deceased Nigerian King.

  • @exponentmantissa5598
    @exponentmantissa5598 9 หลายเดือนก่อน +37

    Any CEO from Nigeria that described a company to me the way he did would instantly raise a massive red flag with me. If you cannot explain your business in 60 seconds or less then there is a problem.

    • @sblijheid
      @sblijheid 8 หลายเดือนก่อน +1

      I don't need the description. The financials don't make sense. Not even US agricultural companies make that kind of money. $400 mln for a startup in a low income country? No way!
      Whoever bought their shares deserves what they got.

    • @connormullin4547
      @connormullin4547 8 หลายเดือนก่อน +2

      @@sblijheid The biggest us agriculture company makes 32 billion a year in revenue vs the 400 million he claimed in revenue. 400 million isn't that much money, I don't know what is realistic for Nigeria though.

    • @samchs222
      @samchs222 7 หลายเดือนก่อน

      Nigeria is not US, agricultural products are very cheap. Most farmers don't have account or access to financial services. The real farmers are not even aware of this discussion because they don't exist online. I have first hand experience on it

  • @georgeoshea9961
    @georgeoshea9961 9 หลายเดือนก่อน +75

    The Hindenberg report was absolutely hilarious to read when it came out last year, I can’t believe it took as long as it has to finally end this!!

  • @jakubrpawlowski
    @jakubrpawlowski 9 หลายเดือนก่อน +82

    None of this would have happened if Deloitte did their job. Shame.

    • @TheLynx8888
      @TheLynx8888 9 หลายเดือนก่อน +5

      Unbelievable!!!

    • @devJOE-Man
      @devJOE-Man 9 หลายเดือนก่อน +17

      Incompetence at the HIGHEST level. He knew his crap wouldn’t fly with the Nigerian branch of Deloitte, hence him using the Israeli branch.

    • @Laotzu.Goldbug
      @Laotzu.Goldbug 9 หลายเดือนก่อน +10

      ​@@devJOE-Manthis does raise the question why he intuitively knew that the Israeli office would be much more amenable to fraud...

    • @SodaQuasar
      @SodaQuasar 9 หลายเดือนก่อน +1

      The auditor prolly got a fat paycheck that time

    • @tccoggs
      @tccoggs 9 หลายเดือนก่อน +2

      Everyone knows that if you want a real in depth financial audit of a company you hire the British Football League, not Deloitte.

  • @zacjohnson9296
    @zacjohnson9296 9 หลายเดือนก่อน +32

    My dream would be Dozys audiobook with Patrick’s narration

  • @xchazz86
    @xchazz86 9 หลายเดือนก่อน +26

    What an age of rampant fraud and idiocy we live in.

    • @bend8353
      @bend8353 9 หลายเดือนก่อน

      tRump 2024 and forever

  • @andersonomo597
    @andersonomo597 9 หลายเดือนก่อน +75

    Oh the irony of Dozy whining that he's not trusted because he's black/African while adding another huge brick to that wall! I thought Elizabeth Holmes and Theranos were epic but this guy is on another level!! Thank-you for educating me in 2023 Patrick - I really appreciate all your hard work, these videos must take hours! All the best to you and your family for 2024. Cheers from Oz!

    • @stephans1990
      @stephans1990 9 หลายเดือนก่อน +13

      At the same time, it's kind of sad how people like Dozy confirm prejudices against people of color/Nigerians/Africans, making sure any attempts at emancipation have been set back by another 10 years.

    • @borginburkes1819
      @borginburkes1819 9 หลายเดือนก่อน

      @@stephans1990there’s more white scammers crashing entire economies so how come whites don’t get hit with stereotypes when they do stuff like this?

    • @maltlickytexas
      @maltlickytexas 9 หลายเดือนก่อน +17

      @@stephans1990Ok, bigot. Does Bernie Madoff, Elizabeth Holmes, Enron Management , Sam Bankman-Fried etc represent other members of their race?😂

    • @robsomethin4415
      @robsomethin4415 9 หลายเดือนก่อน +7

      ​@@maltlickytexashow antisemetic of you to suggest that

    • @andersonomo597
      @andersonomo597 9 หลายเดือนก่อน

      100% agree! It's VERY sad, and you have to judge people for who they are but, honestly, I do find stereotypes are often correct because the behavior they attribute are often part of that society's culture, education (formal and informal), morals, expectations and survival strategies. @@stephans1990

  • @foobarFR
    @foobarFR 9 หลายเดือนก่อน +55

    Is that an app to have Nigerian scams directly on your smartphone? This was a great idea.

  • @spitezor
    @spitezor 9 หลายเดือนก่อน +31

    And of course he's got a Forbes cover!

    • @Star-hg1kt
      @Star-hg1kt 9 หลายเดือนก่อน +1

      😂🤣😂

  • @xiphoid2011
    @xiphoid2011 9 หลายเดือนก่อน +95

    This is a perfect example of why, although disliked by most, short sellers are needed. Just like periodic recessions are necessary to weed out uncomperive businesses and keep the economy heallthy, short sellers are needed to off the fraudlent and zombie companies.

    • @PsRohrbaugh
      @PsRohrbaugh 9 หลายเดือนก่อน +10

      The only problem I have with short selling is when proof of fraud is kept private while short positions are established, only to drop the bomb. I agree with research and speculation based upon publicly available data.

    • @reminc.
      @reminc. 9 หลายเดือนก่อน +9

      @@PsRohrbaugh informational symetry ... Aah, that would be a dream.

  • @KnarBurger
    @KnarBurger 9 หลายเดือนก่อน +95

    This is just a great example of how financial regulators regularly just sign off on anything reported and shuffle it down the line. It seems like more often than not it's whistleblowers or activist short sellers exposing these companies.

    • @aarondavis8943
      @aarondavis8943 9 หลายเดือนก่อน +11

      Or the companies collapse, and _then_ the regulators leap into action.

    • @BobfromSydney
      @BobfromSydney 9 หลายเดือนก่อน +1

      It's not the financial regulators that are at fault here, if anyone's to blame, it's the auditors.

    • @michaelfinger6303
      @michaelfinger6303 9 หลายเดือนก่อน +5

      its all about ESG, financial inclusion for rural africans is just to good to not invest in right....

    • @KnarBurger
      @KnarBurger 9 หลายเดือนก่อน +3

      @@BobfromSydney they both share in the blame as the regulators are the ones who allow very vague BS laws to facilitate this but you are correct it's the auditors who let the most stuff slip by unchecked. At the end of the day it's on the company committing the fraud but it's crazy we have regulators and auditors who don't actually live up to the job title.

    • @marianhunt8899
      @marianhunt8899 9 หลายเดือนก่อน

      It's called 'regulatory capture', ie, they're in on the scam and get rewarded for the part they played in deceiving the public. Sophisticated corruption.

  • @AH-wr1ir
    @AH-wr1ir 9 หลายเดือนก่อน +46

    The dry delivery is just wonderful. Thanks for all your content Patrick.

  • @s0uldr4ke
    @s0uldr4ke 9 หลายเดือนก่อน +37

    This sounds like serious problems Dozy is dealing with but I do have a question: Did he ever dress as a sultry Wood Nymph?
    Sultry Wood Nymphs as all of us know take security REALLY seriously!

    • @why-kg6kx
      @why-kg6kx 9 หลายเดือนก่อน +7

      😭😭😭😭 Yes. We need answers to questions that really matter

    • @TheoEvian
      @TheoEvian 9 หลายเดือนก่อน +5

      And they dont really need to know any math to do it too!

  • @TheRiiiight
    @TheRiiiight 9 หลายเดือนก่อน +39

    Looks like the Nigerian prince has really moved up in the world of digital money transfers.

    • @everlastbella8229
      @everlastbella8229 9 หลายเดือนก่อน +1

      😂😂😂

    • @drabiadeleke
      @drabiadeleke 6 หลายเดือนก่อน

      So crazy! Playing the race card!

  • @leandervr
    @leandervr 9 หลายเดือนก่อน +6

    I am surprised that I can still be surprised at how poorly investors research companies before putting them money.

    • @oyinade7426
      @oyinade7426 9 หลายเดือนก่อน

      I agree but I’m guilty. Also to a fake agro company in Nigeria 😮😢 I still can’t believe it too! The company vanished off the face of the earth and took my money with them!

  • @BobfromSydney
    @BobfromSydney 9 หลายเดือนก่อน +33

    I remember my father always telling me "son, if you ever have an opportunity to invest in an company that can make a quarterly commission that is 5x the total revenue of their entire customer base, you should jump right in, especially if it's run by a Nigerian prince *cough* sorry I meant doctor." Long story short I am now living under a bridge.

    • @afishetumohammed2834
      @afishetumohammed2834 9 หลายเดือนก่อน +3

      Well my father told me same except a certain Elizabeth Holmes etc

    • @benindimuli4951
      @benindimuli4951 8 หลายเดือนก่อน +1

      😂😂😂

  • @mururoa7024
    @mururoa7024 9 หลายเดือนก่อน +33

    Geez I'm having cold sweats and can't sleep at night if I think I didn't pay a minor bill on time... how the hell are these scammers able to live with themselves?? 🙃

    • @Laotzu.Goldbug
      @Laotzu.Goldbug 9 หลายเดือนก่อน +3

      Scrupulosity, honesty, and high social trust, especially on a consistent basis, is in fact not a feature of the vast majority of people on earth, and as a group tendency only exists in very specific nations and peoples.

    • @Isthisjoebiden
      @Isthisjoebiden 8 หลายเดือนก่อน

      ​Very few scammers are women, so if you are a man, this would be hypocritical. If you don't think men are the most unscrupulous group of people alive, then you are lying​@@Laotzu.Goldbug

  • @MrMCMaxLP
    @MrMCMaxLP 9 หลายเดือนก่อน +24

    He must be straight out laughing at how he got the money. "I just paid deloitte israel to fake an audit, got in the US stock exchange saying "we got a fintech company running in Nigeria distributing phones and banking, we're making hundreds of millions bro" and actually got hundreds of millions in investments, nobody even asked"

    • @syedzaharudinsyedzainoldin3047
      @syedzaharudinsyedzainoldin3047 9 หลายเดือนก่อน

      SEC can be easily scammed

    • @samsonsoturian6013
      @samsonsoturian6013 9 หลายเดือนก่อน +1

      Who said bribery is involved? Don't make felony allegations lightly

    • @samsonsoturian6013
      @samsonsoturian6013 9 หลายเดือนก่อน

      ​@@syedzaharudinsyedzainoldin3047found the guy cheating on his wife

  • @paraboo8994
    @paraboo8994 9 หลายเดือนก่อน +22

    I just love the name Hindenburg Research. As far as names for shortsellers are concerned, it's pretty close to perfect ❤

    • @stefanfrankel8157
      @stefanfrankel8157 9 หลายเดือนก่อน +1

      Oh, damn, I just got that. It must be late.

  • @johanvanderbeeken8352
    @johanvanderbeeken8352 9 หลายเดือนก่อน +4

    The gold medal for scam goes to Nigeria .

  • @commandery3574
    @commandery3574 9 หลายเดือนก่อน +55

    not gonna lie, when i see stories like these, it reminds me not to feel too badly about myself for being in my mid 20s and still working out how to bring in good, legit, consistent money off my skills and talents. like if people are doing all of this to SCAM, that lets me know that building a good life for yourself is no cake walk when you're coming from a working class background, and that it takes consistency, commitment, dedication and TIME. jeez this is nuts

    • @veryunusual126
      @veryunusual126 7 หลายเดือนก่อน +1

      Don't stop pursuing your goals👍✨✨👍✨

  • @GOICOBA
    @GOICOBA 9 หลายเดือนก่อน +34

    The most fascinating thing about your channel is for me how much it pays off to actively listen. You have a quiet but lethal way of delivering the punchline :D

    • @jfjoubertquebec
      @jfjoubertquebec 9 หลายเดือนก่อน +1

      Yes, focus is a precious commodity today.

  • @oneone9884
    @oneone9884 9 หลายเดือนก่อน +47

    What an end of year gem. Thanks for all the talks / videos through the year Patrick. Looking forward to 2024. You may need to make new top ten frauds list I fear.

  • @notheotherklaus
    @notheotherklaus 9 หลายเดือนก่อน +203

    Playing the racist card to argue why his company is more worth, love it!

    • @fadesola2002
      @fadesola2002 9 หลายเดือนก่อน

      The race card is only effective because racism exists.
      He's shameless so of course he plays every card.
      Is your specific problem that he played it or the card exists?

    • @expandifypro
      @expandifypro 9 หลายเดือนก่อน +11

      That's what you get for pandering

    • @Vihara2
      @Vihara2 9 หลายเดือนก่อน

      BLM proved that woke branded scams are very effective and get little scrutiny once you start calling anyone criticising you rayciss

    • @jfjoubertquebec
      @jfjoubertquebec 9 หลายเดือนก่อน +28

      Kudos for the Nigerian tax investigators and others who were first to out this scammer!

    • @Muhluri
      @Muhluri 9 หลายเดือนก่อน

      Pretty ironic considering he added fuel to the fire for why people shouldn't do business wit Africans 🤦

  • @gravityissues5210
    @gravityissues5210 9 หลายเดือนก่อน +6

    It’s great to meet another aficionado of modernist avant-garde religious fiction. Thanks for the heads-up on Dozy’s work, I’ve just ordered my copy of _Lucifer Gate._

    • @D.Appeltofft
      @D.Appeltofft 9 หลายเดือนก่อน +1

      I bet he very soon will have doubled his net worth from book-sales...;-)

  • @koitsaarevet3601
    @koitsaarevet3601 9 หลายเดือนก่อน +6

    Kudos for the thorough research and for including the book description. A laugh a day keeps the doctor away - thank you contributing to our health!

  • @PrayWorkPlay
    @PrayWorkPlay 9 หลายเดือนก่อน +46

    Your work is stellar. I learn so much from you and yet, find myself cracking up so hard at these videos. I have never heard of Dr. Dozy until now. Now I won't forget him. Thank you again kind sir 👍🏽

  • @alexhubble
    @alexhubble 9 หลายเดือนก่อน +9

    Rio Ferdinand on the telly in the background, waiting for an interview. Absolutely no problem there, every genuine tech genius needs a thick centre back.

  • @yamuiemata
    @yamuiemata 9 หลายเดือนก่อน +174

    The hilarious fact is..despite he's a fraudulent Doctor...you still call him a doctor the whole video 😂

    • @Muhluri
      @Muhluri 9 หลายเดือนก่อน +24

      Is Doctor Dre a real doctor?

    • @alatus7242
      @alatus7242 9 หลายเดือนก่อน +14

      @@Muhluri Or Dоctor Who, Doctor No, etc.?

    • @ropable
      @ropable 9 หลายเดือนก่อน +16

      I hear him saying Doctor with quotation marks around it

    • @rorythomson3439
      @rorythomson3439 9 หลายเดือนก่อน +3

      It's just a moniker

    • @Lobos222
      @Lobos222 9 หลายเดือนก่อน +5

      @@Muhluri As Warren G once said:
      Regulators
      We regulate any stealin' of his property
      We're damn good too
      But you can't be any geek off the street
      Gotta be handy with the steel
      If you know what I mean, earn your keep
      (Regulators, mount up)
      Something actual regulators should start doing, as in regulate. LoL

  • @Toby-oq8cg
    @Toby-oq8cg 9 หลายเดือนก่อน +19

    Most audits are being performed remotely. This scam wouldn’t have been possible if auditors properly performed their job. Speaking as a former auditor here

    • @Laotzu.Goldbug
      @Laotzu.Goldbug 9 หลายเดือนก่อน +1

      Is it likely than that that's why he chose the Israeli office, since the Nigerian one would have had a much stronger likelihood of actually coming down in person?

    • @IceAce1
      @IceAce1 9 หลายเดือนก่อน +1

      That's not likely - it's definite, but not the slightest excuse for the auditors.
      I just looked it up: Deloitte Nigeria states it has 600 employees and was originally founded in 1952.

    • @PointsofData
      @PointsofData 5 หลายเดือนก่อน

      ​@@IceAce1
      He didn't use Deloitte Nigeria tho...

    • @IceAce1
      @IceAce1 5 หลายเดือนก่อน

      @@PointsofData exactly

  • @SmarandaC
    @SmarandaC 9 หลายเดือนก่อน +10

    Always amazing videos, Patrick. Thanks for keeping us both informed and
    entertained this past year. 🎉

  • @lassataest5604
    @lassataest5604 9 หลายเดือนก่อน +32

    You are the only channel, show anything I actually look forward to seeing.

    • @robertdavis100
      @robertdavis100 9 หลายเดือนก่อน +1

      Patrick's very dry haha

  • @BetaBuxDelux
    @BetaBuxDelux 9 หลายเดือนก่อน +43

    lol - when he selected the option saying the book is offensive. 😂

    • @PeteC62
      @PeteC62 9 หลายเดือนก่อน +7

      Offenses against the English language, I'd imagine!

    • @SansNeural
      @SansNeural 9 หลายเดือนก่อน +1

      @@PeteC62 Yep, that was my take on it.

    • @davianoinglesias5030
      @davianoinglesias5030 9 หลายเดือนก่อน +3

      😂I almost got a migraine just reading a few lines😅

    • @BetaBuxDelux
      @BetaBuxDelux 9 หลายเดือนก่อน

      @@davianoinglesias5030 I might have to give the books out as a white elephant gift. 🤔

  • @stoicman31
    @stoicman31 9 หลายเดือนก่อน +24

    Nigerians are known for their honesty and integrity, Dr. Dozy is very rare among Nigerians. I have never heard of a Nigerian scammer.

    • @Mr-pn2eh
      @Mr-pn2eh 9 หลายเดือนก่อน +4

      Lmao

    • @hmm8454
      @hmm8454 9 หลายเดือนก่อน +7

      Unironicly, every Nigerian I have meet is very nice. Granted these were people that had moved out of Nigeria and almost all of them were from Lagos.

    • @timowayne6993
      @timowayne6993 9 หลายเดือนก่อน +4

      To be fair they take the bronze. Indians takes the silver and Israelis takes the gold. This is just my experience

    • @maltlickytexas
      @maltlickytexas 9 หลายเดือนก่อน +3

      @@Mr-pn2eh Americans are known for their honesty and integrity. Besides Bernie Madoff, Elizabeth Holmes, Enron Management , Sam Bankman-Fried etc, I have never heard of an American scammer.😂

    • @buravan1512
      @buravan1512 8 หลายเดือนก่อน

      😂

  • @Iron-Bridge
    @Iron-Bridge 6 หลายเดือนก่อน +3

    The real story here for me is the failure of Deloitte. " You had one job, man. ONE job". 🤦

  • @TheFakeyCakeMaker
    @TheFakeyCakeMaker 9 หลายเดือนก่อน +22

    Let's overlook the rhyming name Dozy "Mbozy" and instead talk about the fact that tingo is an Easter Island word for someone who takes everything from someone's house by borrowing them and never returning them. You can read about this in the book The Meaning of Tingo: And Other Extraordinary Words from Around the World by Adam Jacot de Boinod. A fun read.

    • @NickRu-jl6tr
      @NickRu-jl6tr 9 หลายเดือนก่อน +3

      Fun fact about Easter Island...nobody there celebrates Easter. Same for the Virgin Islands...nobody there celebrates Easter, either.

  • @mn1q
    @mn1q 9 หลายเดือนก่อน +18

    A twist on the old Nigerian Prince con?

    • @imranmo
      @imranmo 9 หลายเดือนก่อน +1

      Why are you doing this? 😅

    • @gdbalck
      @gdbalck 9 หลายเดือนก่อน +3

      I was hoping to see at least a passing princely mention. Much obliged.

    • @Mr-pn2eh
      @Mr-pn2eh 9 หลายเดือนก่อน +1

      Why are you runnon!

    • @buravan1512
      @buravan1512 8 หลายเดือนก่อน

      NIGERIAN PRINCES are not as many as you may expect...
      One Scammer could send over 10000 e-mails, they got a specific software for that😂

  • @Waldohasaskit210
    @Waldohasaskit210 9 หลายเดือนก่อน +14

    Do investors not do any due diligence at all? How hard is it to look up a patent or make a phone call or pay some Nigerian local to take a video?

  • @wilmot1294
    @wilmot1294 9 หลายเดือนก่อน +8

    The Amazon complaint was hilarious 👏🏾👏🏾👏🏾

  • @ernestkumeh3800
    @ernestkumeh3800 9 หลายเดือนก่อน +7

    Excellent presentation. Much appreciate the work you do. Thank you.

  • @zeropaloobatheuber1572
    @zeropaloobatheuber1572 9 หลายเดือนก่อน +6

    The level of fraud doesn’t concern me quite as much as how easy it was to perpetrate. How many other fraudsters, of varying degrees, are there on any given exchange?

  • @tanveerjamee3300
    @tanveerjamee3300 9 หลายเดือนก่อน +23

    This is better than any stand up comedy 😂😂😂😂

  • @wirebrush
    @wirebrush 9 หลายเดือนก่อน +5

    I love these types of videos. The dry, sarcastic humor is unrivaled! Keep it up!

  • @rayontita1912
    @rayontita1912 8 หลายเดือนก่อน +3

    Exceptional analysis as always, Patrick. Nobody asked why they hadn’t met any farmers? Why a Nigerian startup was being audited by an Israeli firm when every major global auditor has offices in Nigeria and broadly in Africa? Why the UK Home Secretary’s cousin (a barrister who focuses in white collar crime, conveniently) was somehow the chairman of a company whose operations he could never explain? More people were in on this fraud than will be prosecuted.

  • @MB-nn3jw
    @MB-nn3jw 9 หลายเดือนก่อน +2

    My ribs now hurt. Thanks Patrick.

  • @deckape714
    @deckape714 9 หลายเดือนก่อน +8

    My day goes better when you post a video. Thanks Patrick. Happy new year

  • @willowshadowsongtnuvie5067
    @willowshadowsongtnuvie5067 9 หลายเดือนก่อน +3

    Thank you for an explanation that includes (as far as I can tell) the proper financial terminology with a clear enough explanation that this woman in her mid 70-s with no real financial education can follow it.

  • @mack-uv6gn
    @mack-uv6gn 9 หลายเดือนก่อน +34

    He pulled the race card🤦🏻‍♂️

    • @everlastbella8229
      @everlastbella8229 9 หลายเดือนก่อน +2

      Yep

    • @Deadhumour0
      @Deadhumour0 9 หลายเดือนก่อน

      Cringed hard when he did that.

  • @TNBen60
    @TNBen60 9 หลายเดือนก่อน +16

    I think there is a large body of work in looking at companies that fail as frauds and then investigating the auditing firm that had just previously given the company books the gold stamp of approval. Some of the auditors really need to have their ears pinned back.

  • @amgofficial7791
    @amgofficial7791 9 หลายเดือนก่อน +3

    😬yikes...👏🏾per usual: phenomenal work, Mr Boyle... shoutout Ground news...😊

  • @d.s.8227
    @d.s.8227 9 หลายเดือนก่อน +22

    22:41 I just had to go check out the article. I especially liked the mix of accusing people of racism and then throwing in some irrelevant detail that strongly reeks of antisemitism in: "The instigator of this unwanted hatred is the founder of the Hindenburg Report, Nathan Anderson, a Jewish Wall Street insider"

  • @shmachable
    @shmachable 9 หลายเดือนก่อน +10

    "...but it appears to be modernist, avant-garde religious fiction which is, of course, my favorite genre."
    😂 I think I just died of sarcasm 😂

  • @bestprice1776
    @bestprice1776 9 หลายเดือนก่อน +48

    A Nigerian scammer???? It can't be true 😂😂😂

    • @mcspikesky
      @mcspikesky 9 หลายเดือนก่อน +4

      Ya hate to stereotype but..

    • @maltlickytexas
      @maltlickytexas 9 หลายเดือนก่อน +7

      @@mcspikesky Yeah, American scammers, anyone? Bernie Madoff, Elizabeth Holmes, Enron Management, Sam Bankman-Fried etc, anyone?

    • @ChisomBenjamin-xp6rx
      @ChisomBenjamin-xp6rx 9 หลายเดือนก่อน

      ​@@maltlickytexasGrant Cardone

  • @stockswithkunle700
    @stockswithkunle700 9 หลายเดือนก่อน +2

    As a Nigerian, I need to study Dozy Mmuobosi so I can do it but do it right !!!

  • @MSportsEngineering
    @MSportsEngineering 9 หลายเดือนก่อน +2

    Thanks Patrick for 2023. Your channel brings me 500% enjoyment.

  • @TheHighpotinuse
    @TheHighpotinuse 9 หลายเดือนก่อน +6

    Malaysia is a nexus for Nigerian scammers that are evading IP range bans in Nigeria so it would make sense that he spent time there. I just watched a video about a scammer named Hushpuppi that mentions Malaysia

  • @ground_news
    @ground_news 9 หลายเดือนก่อน +54

    Thank you Patrick! For those interested in staying informed, check out the link above and tell us what you think.

    • @D.S.handle
      @D.S.handle 9 หลายเดือนก่อน +1

      On your platform you should add coverage of TH-camrs, hah.

    • @iversiafanatic
      @iversiafanatic 9 หลายเดือนก่อน

      Ground news is awesome. Every time I see some bs TH-cam video on some serious news I can just go to the app and check the claims validity for free. It’s the only time I’ve checked out a sponsorship but it’s definitely a public good.

    • @abatesnz
      @abatesnz 9 หลายเดือนก่อน +1

      Thank you for sponsoring Patrick!

  • @emanggitulah4319
    @emanggitulah4319 9 หลายเดือนก่อน +34

    When I saw Elon, the prince from south Africa I bursted out laughing 😂

    • @norlockv
      @norlockv 9 หลายเดือนก่อน +2

      It was the best sight gag of the video.

    • @abestream5
      @abestream5 9 หลายเดือนก่อน +1

      Patrick's Elon cameos are the best

  • @davidjma7226
    @davidjma7226 9 หลายเดือนก่อน +8

    Hang on, Cleverly's cousin is a lawyer specialising in White Collar Crime.......and became Dr Dozy's Company President? Disbar him!

  • @DecemberNames
    @DecemberNames 9 หลายเดือนก่อน +7

    This video is straight-up fire! You're spitting some real knowledge, and I'm all for it. You're a real scholar, and you're doing a great job of making complex concepts accessible to the masses. It's clear that you've got a deep understanding of the subject matter, and you're able to communicate it in a clear and concise way. You're not afraid to express yourself authentically. You're a role model people everywhere, and I'm glad to see you using your platform to educate and empower others. It was so good, I had to leave a review. I'm not one of those fake ass bots, I'm a real person, and I'm telling you, this video is the real deal.

    • @waharadome
      @waharadome 9 หลายเดือนก่อน +1

      I love [content creator] speaking of [subject matter] so much tbh

    • @DecemberNames
      @DecemberNames 8 หลายเดือนก่อน

      we both agree! @@waharadome

  • @paulhawkins6415
    @paulhawkins6415 9 หลายเดือนก่อน +20

    This man is so accomplished he should be a prince

  • @saasda6255
    @saasda6255 9 หลายเดือนก่อน +15

    How did he pass the audit ?

    • @curtisalex456
      @curtisalex456 9 หลายเดือนก่อน +6

      It is Deloitte!!!!!!
      No surprise!

  • @muhdiversity7409
    @muhdiversity7409 9 หลายเดือนก่อน +9

    Ahh, he used the magic "inclusion" words.

  • @McKinleyMacDoran
    @McKinleyMacDoran 9 หลายเดือนก่อน +1

    The SEC and FDA please don't forget the Food and Drug Administration.

  • @gearlewarren5668
    @gearlewarren5668 8 หลายเดือนก่อน +1

    How does Forbes keep getting away with allowing people to buy thru advertising, campaign support, & donations to their non profits?

  • @stefanotuv
    @stefanotuv 9 หลายเดือนก่อน +5

    Banking on mobile in Africa was called mpesa if I remember correctly... So in theory that part of the story could be even true, but for someone else (ask Vodafone)

    • @chepkoechtowett
      @chepkoechtowett 8 หลายเดือนก่อน

      Yes it is Mpesa in Kenya by Safaricom a subsidiary of Vodafone.

  • @kevinbarry71
    @kevinbarry71 9 หลายเดือนก่อน +36

    A Nigerian running a complicated scam operation? The shock nearly killed me!

    • @dubinatub1
      @dubinatub1 9 หลายเดือนก่อน +1

      Me to I've been there many times in distant years. I won't trust Nigeria with a tea party at the zoo

    • @johng4093
      @johng4093 9 หลายเดือนก่อน

      Another Nigerian Prince? The King of Nigeria has so many sons!

    • @xelaander8429
      @xelaander8429 9 หลายเดือนก่อน +3

      ​@@dubinatub1 ah yes, much like you'd trust the Winklevoss twins or Sam Bankman Fried?

  • @jefft8597
    @jefft8597 9 หลายเดือนก่อน +6

    Fake financial statements and forged documents are illegal? Whaaaat!!! Well there goes my entire Dr. Jeff business plan!

  • @bryce.ferenczi
    @bryce.ferenczi 9 หลายเดือนก่อน +2

    Deloitte should be held accountable for this, accounting firms should bear damages for incompetent work and enabling this.

    • @samsonsoturian6013
      @samsonsoturian6013 9 หลายเดือนก่อน

      It depends. We know without checking that it wasn't worth their time to fly out to Nigeria to look at the actual stores and I don't know what all they had access too

    • @bryce.ferenczi
      @bryce.ferenczi 9 หลายเดือนก่อน

      @samsonsoturian6013 seems like plenty of others such as Hindenburg were able to actually check. If they can't be bothered to check accuracy of reporting then they should not take the job. They've profited off proceeds of crime by doing a slack job and gotten off Scott-free.

    • @bryce.ferenczi
      @bryce.ferenczi 9 หลายเดือนก่อน

      @samsonsoturian6013 maybe you can liken this to the meme gif of the security guard at an entrance "patting" people down by hovering his hands over them briefly. But someone got in with a knife and stabbed someone else. Deloitte are letting people in to commit financial crimes with lax operations and taking a pay check.

    • @Blownkingg
      @Blownkingg 9 หลายเดือนก่อน +1

      @@samsonsoturian6013 Deloitte has an office in Nigeria, but for some odd reason Deloitte Israel did the audit.

  • @sophieb24
    @sophieb24 9 หลายเดือนก่อน +2

    4.35 the sarcasm is real

  • @the_newt_nest
    @the_newt_nest 9 หลายเดือนก่อน +5

    It's probably impossibly obvious to people from the UK and Ireland but I was so delighted when I saw the Mitchell and Webb reference

  • @Byzmax
    @Byzmax 9 หลายเดือนก่อน +3

    The Amazon book review. Wonderful!

  • @nhlanhlazwane9465
    @nhlanhlazwane9465 9 หลายเดือนก่อน +4

    I hate when fraudsters use the Black Card when it utmost inappropriate!

  • @Mia-wz4xo
    @Mia-wz4xo 9 หลายเดือนก่อน +2

    I just want to say a massive thank you for having genuinely helpful cc on all of your videos, it really means a lot to those of us who need them, most youtubers these days are relying on the often flawed autocaptioning services

  • @slohmann1572
    @slohmann1572 9 หลายเดือนก่อน +1

    It makes me wonder what they expected to achieve. “Fake it until you make it”?

  • @xlgoldfish
    @xlgoldfish 8 หลายเดือนก่อน +3

    I always ask when I see stories like this , "what's the end game?" Do the fraudsters think no one would find out. The crazy thing is that there are legit startups out there that can't get funding, but the fakes keeps getting paid. The world is unfair. These guys keeps making life difficult for the majority of legit startups in Nigeria actually doing some good.