- The EFCC has fixed a date to arraign a known suspected internet fraudster, Mompha, whose real name is Ismaila Mustapha
- Mompha will be arraigned before the Federal High Court in Ikoyi, Lagos state on Monday, November 25
- The suspect, after being accused of unlawful possession of about N18.05 billion, will be prosecuted by the EFCC's lawyer, Rotimi Oyedepo
A suspected internet fraudster, Ismaila Mustapha, also known as Mompha, will be arraigned by the Economic and Financial Crimes Commission (EFCC) on Monday, November 25.
This is as the anti-graft agency has already filed a 14-count charge bordering on alleged money laundering and other related crimes against Mompha. He will be prosecuted by EFCC's lawyer, Rotimi Oyedepo, before the Federal High Court in Lagos, The Nation reports.
Among allegations levied against the suspect was that he procured Ismalob Global Investment Limited and retained its bank account the sum of N18.05 billion, which the EFCC described as proceeds deeds.
Concerning Mompha, the agency said: “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 media 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.”
Earlier, Legit.ng reported that Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), had revealed how Ismaila Mustapha, better known as Mompha, allegedly laundered N14 billion through a firm.
Magu, said this on Thursday, October 31, revealing further that Mompha operates 51 bank accounts in Nigeria.
Using these accounts, Magu, who spoke at an interactive session in Lagos, said the suspect acquired properties in Dubai.
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