JUST IN: EFCC arraigns Mompha for fresh N6B fraud

Ismailia Mustapha, aka Mompha, a Dubai-based internet personality, and his company, Ismalob Global Investment Limited, have been charged with money laundering.

Recall that, Mompha was re-arrested for alleged money laundering on Monday, according to the anti-corruption agency, read (here)

Mompha and Ismalob were brought before Justice Mojisola Dada of an Ikeja Special Offences Court on Wednesday by the Economic and Financial Crimes Commission.

"Ismaila Mustapha (Aka Mompha) arraigned this morning, January 12, 2022, for offences bothering on Money Laundering and use of property derived from an unlawful act.

"He was arraigned before Justice Mojisola Dada of the Special Offences Court, sitting in Ikeja, Lagos".

The defendants were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds for a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.

The sums named in the charge are N5.9billion, N32million, N120million and N15.9 totalling over N6billion.

The EFCC also alleged that Mompha concealed his interest in expensive wristwatches and other movable assets valued at over N70million.

Mompha pleaded “Not guilty” to the eight counts while Islamob Limited (represented by Mompha) pleaded “not guilty” to the first six counts.

Mompha is also standing trial at the Federal High Court in Lagos alongside Ismalob Global Investment Limited on an amended 22-count charge bordering on cyberfraud and money laundering to the tune of N32.9bn brought against him by the EFCC.

He also pleaded not guilty to each of the counts. After the arraignment, Justice Dada adjourned to January 18 to hear arguments on the bail applications of the defendants.



Post a Comment

0 Comments