Popular Instagram celebrity and businessman who is Dubai base, Ismailia Mustapha but widely known as Mompha has been arrested after landing in Nigeria by the Economic and Financial Crimes Commission EFCC, Lagos state command just a few days after arrival.
Mompha was said to have moved money into his company account. This money was reported to have been obtained via unlawful acts/fraudulent ways and retention of alleged proceeds of crime. The socialite is currently awaiting trial alongside his bureau de change company, Ismalob Global Investment Limited.
He is being charged with cyber fraud and money laundering to the tune of N32.9 billion. EFCC spokesman identified as Wilson Uwujaren confirmed the re-arrest of the businessman in a statement which is titled, ‘EFCC re-arrests Mompha for alleged money laundering, Wilson said:
“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.”
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