Connect with us
Loading...

Business

Citron Report Reveals Why NYSE Listed Jumia Is A Fraud

Published

on

Loading...

In 18 years of publishing, Citron has never seen such an obvious fraud as Jumia.  As the media in the US is naively anointing Jumia the “Amazon of Africa”, the media in its home country of Nigeria has a plethora of articles discussing the widespread fraud in this Nigerian company.  Not even that elusive Nigerian prince can cover this one up.

Jumia is the worst abuse of the IPO system since the Chinese RTO fraud boom almost a decade ago.  Worse than being “the most expensive” US listed ecommerce company, Jumia reported financials show us a stagnant business that has burned through $1 billion and has moved the suckers game to the US Markets.

Loading...

In this report, Citron will expose the SMOKING GUN and show why the equity is WORTHLESS.  We believe investors cannot rely on reported numbers and a restatement of financials is on the horizon.  The SEC must protect US Investors.

Full report here.


Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news, story angles, human interest stories, drop us an email on tips.kenyainsights@gmail.com or via Telegram
Loading...
Related Content:  Safaricom-Owned Cheza Games Partners with SpiffX AB, Swedish Fraud Betting Company.

Kenya West is a trained investigative independent journalist and a socio-political commentator on matters Kenya and Africa. Do you have a story, Scandal you want me to write on? Send me tips to [in.kenyawest@protonmail.com]

Advertisement
Loading...
Advertisement
Loading...

Most Popular