Crime Watch

BREAKING: EFCC Arraigns Mompha For Fresh N6b Fraud

Advertisement
Advertisement

EFCC has arraigned Mompha for fresh N6b fraud.

 

 

NewsOnline reports that the Economic and Financial Crimes Commission (EFCC) has arraigned a Dubai-based internet celebrity, Ismailia Mustapha, aka Mompha and his firm, Ismalob Global Investment Limited for alleged money laundering to the tune of over N6billion.

 

ALSO: Black Market Dollar To Naira Exchange Rate Wednesday, January 12th, 2022

 

The agency arraigned Mompha and Ismalob before Justice Mojisola Dada of an Ikeja Special Offences Court on eight counts bordering on the offences.

 

The defendants were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds for a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.

 

The sums named in the charge seen by The Nation are N5,998,884.653.18, N32million, N120million and N15,960,000, totalling over N6billion.

 

The EFCC also alleged that Mompha concealed his interest in expensive wristwatches and other movable assets valued at over 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.

Mompha is also standing trial at the Federal High Court in Lagos alongside Ismalob Global Investment Limited on an amended 22-count charge bordering on cyberfraud and money laundering to the tune of N32.9bn brought against him by the EFCC.

He pleaded not guilty to each of the counts.

Details shortly…

Advertisement
NewsOnline Nigeria

Recent Posts

  • Headline

BREAKING: FG Orders Julius Berger To Vacate Abuja-Kano Road Project

FG has ordered Julius Berger to vacate Abuja-Kano Road Project.   NewsOnline Nigeria reports that…

5 hours ago
  • Crime Watch
  • Headline

BREAKING: New Terrorist Group, LAKURAWAS Springs Up In North

A new Terrorist Group, LAKURAWAS has sprung up in the North.   NewsOnline Nigeria reports…

5 hours ago
  • Headline
  • World

BREAKING: First US Presidential Election Result Emerges

The first US Presidential Election Result has emerged.   NewsOnline Nigeria reports that voting in…

5 hours ago
  • Crime Watch
  • Headline

BREAKING: FG Releases Minors Charged With Treason For Protesting Against Hunger

FG has released minors charged with treason for protesting against hunger in Northern Nigeria.  …

5 hours ago
  • Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th November 2024

The black market dollar to Naira exchange rate on Tuesday 5th November 2024 can be…

5 hours ago
  • Headline

BREAKING: President Tinubu Makes Two Important Appointments (FULL LIST)

President Tinubu has made two important appointments.   NewsOnline Nigeria reports that President Bola Tinubu…

18 hours ago