Alleged Money Laundering: EFCC re-arrest suspected internet fraudster, Mompha

A suspected internet fraudster, Ismailia Mustapha, popularly known as Mompha, has been re-arrested by the Economic and Financial Crimes Commission, EFCC, for allegedly laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.

He was re-arrested on Monday, January 10, 2022, by the operatives of the Lagos Command of the anti-graft agency.

A statement by the commission says 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 N32.9 billion levelled against him by the anti-graft agency.

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The commission had earlier on October 18 arrested Mompha, 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.

EFCC claimed the suspect uses his registered companies to receive illicit funds on behalf of “yahoo yahoo” boys from across the world in return for a 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.

The investigation showed an alleged fraudulent transfer slip of $92, 412, 75 found in Mompha’s iPhone 8 device. 

According to the EFCC, the suspect will soon be charged to court.