EFCC re-arrests Mompha over alleged money laundering

Ismaila Mustapha Mompha

The Economic and Financial Crimes Commission (EFCC) on Monday said it re-arrested a suspected internet fraudster Ismailia Mustapha aka Mompha for allegedly laundering and retaining funds obtained through unlawful means.

The Instagram celebrity was taken into custody earlier in the day, EFCC spokesman Wilson Uwujaren said in a statement.

Mr Uwujaren said Mompha was re-arrested following fresh findings of a fraudulent transfer slip of $92, 412, 75 in his iPhone 8 device.

“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,” he said.

Mompha is currently standing trial alongside his company, Ismalob Global Investment Limited, on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9 billion brought against him by the EFCC.

He was first arrested by the Nigeria Immigration Service at the Nnamdi Azikiwe International Airport on October 18, 2019, while boarding an Emirates Airline flight to Dubai, following a watchlist by the EFCC.

Mompha is alleged to have used his registered companies to receive illicit funds on behalf of cyber fraudsters from across the world in return for commissions.

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