The Economic and Financial Crimes Commission (EFCC) has rearraigned Instagram celebrity, Ismailia Mustapha, popularly known as Mompha, before an Ikeja Special Offences Court over alleged N6b fraud.
Anaedoonline.ng had reported that Mustapha was re-arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over the weekend for alleged money laundering.
On Wednesday, the Instagram celebrity and his company, Ismalob Global Investment Limited were re-arraigned by the EFCC before Justice Mojisola Dada on eight counts charge of fraud and money laundering.
The two defendants were alleged to have laundered funds obtained through unlawful activities and retention of alleged proceeds of crime for a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.
According to the charge, the anti-graft agency claimed that the defendants laundered the sums of N5million, N32million, N120million and N15milion totalling over N6billion for the suspect.
The EFCC also alleged that Mompha concealed his crimes into expensive wristwatches and other movable assets valued at over an N70million.
Mompha pleaded “Not guilty” to the eight counts while Islamob Limited (represented by Mompha) was named in and pleaded “not guilty” to the first six counts.
Recall that 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.
The businessman was on October 18, 2019, arrested by the Nigeria Immigration Service at the Nnamdi Azikiwe International Airport 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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