Embattled social media celebrity, Ismaila Mustapha, aka Mompha, on Wednesday, has been accused of running an illegal bureau the change, which he used to scamming innocent people.
This was revealed in a statement on Wednesday. by Tony Orilade, spokesperson for the EFCC.
It was disclosed that on Wednesday, January 15, 2020, the fourth prosecution witness, Enu Matthew Obun, told a Federal High Court, in Lagos, presided over by Justice Abdullahi Liman, that his company Ismalob Global Investments Limited ran an illegal bureau de change with Mompha
Mompha and the company are being prosecuted by EFCC on a 14-count charge bordering on cyber fraud and money laundering to the tune of N33bn.
According to reports, Mompha, who is the first defendant in the matter, is alleged to have used the company to launder funds, part of which he used to acquire properties in Dubai, United Arab Emirates.
Led in evidence by prosecution counsel, Rotimi Oyedepo, the witness, a compliance officer with the Special Control Unit Against Money Laundering of the EFCC, told the court that on November 15, 2019, the commission requested from SCUML the regulation and compliance status of the company and that “upon inspection, it was discovered that Ismalob is not registered with the SCUML.”
He further stated that “From the database search in the office, there is no information on Ismalob Global Investment Limited and all the transactions that were done in the company’s account between December 14, 2015 and January 25, 2018 are not on SCUML’s record.”
Justice Liman adjourned the matter until February 26, 2020 for continuation of trial.
- Alleged Fraud: Witness Reveals How N18bn Was Paid into Mompha’s Account
- Fraud: How N18bn Was Paid Into Momphas Account In Fidelity Bank – Witness
- Court orders EFCC to return Mompha’s passport, wrist watches and iPhone
- EFCC to arraign Mompha, Monday
- Court Grants Mompha N100m Bail