Dozie Mmobuosi, who was previously close to buying Sheffield United, has been charged with fraud by the US Securities and Exchange Commission
1472 FC’s senior executive, Ebwa Martins, has confirmed that the newly formed Nigeria National League club will continue to operate despite allegations of fraud and links with Dozie Mmobuosi, Soccernet.ng reported.
The U.S. Securities and Exchange Commission (SEC) recently charged a Nigerian businessman and his company with engaging in a serious fraud scheme.
Amid these allegations, speculation has emerged linking the situation to the Lagos-based football club, raising concerns about the future stability of the club.
In response, the vice-chairman of the club’s board assured Soccernet.ng that the future of the team is secure, stating that the club operates under a board of directors and is not dependent on one individual. I emphasized that no.
He emphasized the legal process, pointing out that allegations alone do not mean guilt, and only courts can determine innocence or guilt.
“The club will continue to exist.” The club is run by a board of directors. It’s not just one person. And there is no impact on the club,” Ebwa explained. “Just to be clear, this is just an accusation. Only the court can prove whether he is innocent or not. And again, Nigerians don’t know about courts, in America anyone can sue you. So it’s normal in America. But in this part of the world, we think complaining is a big problem. This is not a criminal matter, it is just a lawsuit. ”
Despite outside speculation, 1472 FC currently sits in 8th place in the NNL’s Group A standings, having recently lost 2-0 against Beyond Limits FC and recently lost 1-0 Including the last 5 games, they have 2 losses, 1 draw, and 2 wins. Lost against Madiba.
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