Tingo Group, Inc. announced that on December 20, 2023, Dozy Mmobuosi, who accepted the position of Group Interim Co-CEO on September 15, 2023, has temporarily stepped down as Interim Co-Chief Executive Officer in connection with an order sought by the Securities & Exchange Commission to prohibit him from acting as an officer or director of a public company. In addition, by mutual agreement with the Company?s Board of Directors, Mr. Mmobuosi will remain stood down until cleared of the allegations made against him. The Company?s other interim co-CEO, Mr. Ken Denos, will serve as its interim group CEO until further notice.