By Akinwale Kasali
The Economic and Financial Crimes Commission, EFCC, has opened up on why its Lagos State Command re-arrested alleged internet fraudster, Ismaila Mustapha, popularly known as Mompha.
However, the EFCC Spokesperson, Wilson Uwujeren disclosed that Mompha was arrested for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.
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 also indicted and alleged to be part of the fraud perpetrated by Ramon Igbalode, popularly known as Hushpuppi, who is presently being prosecuted in a Court in the United States of America.
He confirmed the arrest in a statement, titled, ‘EFCC re-arrests Mompha for alleged money laundering.’
Mompha had earlier been 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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