- The Economic and Financial Crimes Commission has released an official statement concerning Mompha's arrest
- According to the agency post, the Bureau De Change boss was arrested for an alleged involvement in internet related fraud and money laundering
- EFCC revealed that he has admitted to two cases against him and will soon be charged to court as soon as investigation is concluded
Earlier on, Legit.ng reported the news of how Nigerians took to the popular micro-blogging platform, Twitter, to share their thoughts on the alleged arrest of Bureau De Change boss.
The Economic and Financial Crimes Commission have not only confirmed the arrest, they stated that he has admitted to being involved in two of the cases filed against him. The EFCC, on their official Twitter account, revealed that Mompha was arrested for alleged internet fraud and money laundering.
They also shared photos of Mompha and some of his watches valued at over N20m, according to the EFCC. In the photos, Mompha can be seen posing for what is supposed to be a mugshot with a subtle smile on his face.
The tweet reads: "Alleged Internet fraud, Money Laundering: EFCC Arrests Ismaila Mustapha, a.k.a Mompha. The EFCC, Lagos office, has arrested a renowned Social Media celebrity, Ismaila Mustapha popularly known as Mompha for an alleged involvement in internet related fraud and money laundering.
The suspect, a premium and first class customer of one of the popular international airlines, was arrested on Friday 18, October 2019 at the Nnamdi Azikiwe International Airport, Abuja on his way to Dubai Emirate following series of intelligence reports received by the Commission
See post below:
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"According to the EFCC operatives, “actionable cross border intelligence received from collaborative law enforcement agencies about his alleged involvement in the criminal activities further strengthened our suspicion”.
Ismaila who allegedly perpetrates his fraudulent activities under the guise of being a Bureau de Change operator is always seen with his little son flaunting huge amount of foreign currencies on his social medial platforms.
"Investigations have also revealed that Ismaila is only using the BDC business, he jointly owned with his siblings, as a decoy to launder his proceeds of crime.
However, the suspect has volunteered useful information to the operatives and has admitted to be reasonably involved in the first two cases he was alleged to be involved."
"At the point of arrest, five wristwatches with a total worth of over twenty million naira (N20, 000, 000: 00) was recovered from him.
The suspects will soon be charged to court as soon as investigation is concluded."
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Meanwhile, singer Naira Marley appears to be seeking a way out of the EFCC predicament he has found himself. Legit.ng earlier shared how the singer who was charged for advance fee fraud had his case revisited in court on October 22.
Reports state that his case was adjourned. Following the adjournment, Marley took to his Twitter page to plead for the contact number of President Buhari or Tinubu, suggesting that he wanted the powerful men to intervene in his case and help him go free.