EFCC Re-arrests Mompha For Alleged Money Laundering



Operatives of the Lagos Command of the Economic and Financial Crimes Commission, EFCC, have re-arrested a suspected internet fraudster, Ismailia Mustapha, 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 -count bordering on cyber and money laundering to the tune of N32.9bn (Thirty- 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 commission.

The account of one of his companies, Ismalob Global Investment Limited Bank, a Bureau de 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 in the suspect’s IPhone 8 device.

He will soon be charged to court.