The Economic and Financial Crimes Commission has arraigned Nigerian internet celebrity, Ismailia Mustapha fondly known as Mompha, and his firm, Ismalob Global Investment Limited, over alleged money laundering.
Mompha was arraigned before Justice Mojisola Dada at an Ikeja Special Offences Court on Wednesday.
Skit maker, D-General, 3 others arrested with illicit drugs in Lagos raid — NDLEA
Famous Kano twin singers, Tagwayen Asali, marry twins on same day
The arraignment is for eight fresh charges bordering on alleged money laundering to the tune of over N6 billion.
In the counts, the defendants were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, and transfer of funds for a suspect named Olayinka Jimoh (better known as Nappy Boy).
Moreso, the EFCC alleged that Mompha hid his interest via expensive wristwatches and movable assets valued at over N70 million.
Mompha pleaded not guilty to the charges on behalf of his company. However, the judge ordered that the socialite be remanded in the custody of the EFCC till January 18 when his bail application will be heard.
