Operatives of the Lagos Command of the Economic and Financial Crimes Commission, EFCC, have re-arrested a suspected internet fraudster, Ismailia Mustapha, popularly known as Mompha, for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime, authorities say.
Mompha, who was arrested on Monday, 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 N32.9bn (Thirty-two Billion Nine Hundred Thousand Naira) brought against him by EFCC.
According to the Anti-graft agency, Mompha allegedly uses his Bureau de Change Company to receive illicit funds for “yahoo yahoo” boys.
“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 for a commission.
“The account of one of his companies, Ismalob Global Investment Limited Bank, a Bureau de Change 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 found in the suspect’s iPhone 8 device. He will soon be charged to court.”
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.
