Home Business Fraud EFCC Re-arrests Mompha For Alleged Money Laundering
Fraud

EFCC Re-arrests Mompha For Alleged Money Laundering

Share
Share

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.

Mompha was arrested on Monday, January 10, 2022.

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.

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 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.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

EFCC Arraigns REA Director For Alleged N223.4m Fraud

The Economic and Financial Crimes Commission, EFCC has arraigned the Director of...

Court Jails 15 Internet Fraudsters In Benin City

Justice A.N. Erhabor of Edo State High Court sitting in Benin City...

Calabar Court Jails Five Internet Fraudsters

Justice Rosemary Dugbo-Oghoghorie of the Federal High Court sitting in Calabar, Cross...

Alleged N28.2 Million Fraud: Court Denies Fake Nurse Bail

Justice Mohammed Garba Umar of the Federal High Court sitting in Independence...