Money laundering: EFCC re-arrests Mompha

Again, the Economic and Financial Crimes Commission has re-arrested popular social media sensation, Ismailia Mustapha popularly known as Mompha for alleged money laundering.

In a statement obtained by Daily Trust which was signed by the agency’s Head, Media & Publicity, Wilson Uwujaren; Mompha was re-arrested for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.

It was gathered that Mompha was arrested on Monday, January 10, 2022.

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The statement reads, “Operatives of the Lagos Command of the Economic and Financial Crimes Commission, EFCC, have re-arrested a suspected internet fraudster, Ismailia Mustapha, for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime. The suspect is currently standing trial alongside his company, Ismalob Global Investment Limited on an amended twenty two-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn (Thirty-two Billion Nine Hundred Thousand Naira) brought against him by the EFCC.”

It will be recalled that Mompha had earlier been arrested on October 18, 2019, at Nnamdi Azikiwe International Airport while boarding an Emirates Airline Flight to Dubai by the staff of the Nigeria Immigration Service, following a watch list by the EFCC.

According to the statement, Mompha is alleged to have used his registered companies to receive illicit funds on behalf of “yahoo yahoo” boys from across the world in return for a commission.

“The account of one of his companies, Ismalob Global Investment Limited Bank, a Bureau de Change company, domiciled in Zenith Bank Plc, was allegedly used to launder funds derived from unlawful activities.

“Investigation has revealed a fraudulent transfer slip of $92, 412, 75 found in the suspect’s iPhone 8 device. He will soon be charged to court,” the statement added.