The Economic and Financial Crimes Commission (EFCC) has re-arrested suspected cyber fraudster, Ismaila Mustapha, also known as Mompha, for laundering cash acquired through nefarious practices.
The socialite was arrested on January 10, 2022, and is facing allegations of cyber fraud and money laundering totaling N32.9 billion, together with his company, Ismalob Global Investment Limited.
EFCC spokesman, Wilson Uwujaren disclosed this in a statement, titled, ‘EFCC re-arrests Mompha for alleged money laundering.’
According to the statement;
“The account of one of his companies, Ismalob Global Investment Limited Bank, a Bureau de Change company, domiciled in a new generation bank, was allegedly used to launder funds derived from unlawful activities.”
Recall that Mompha was arrested by the Nigeria Immigration Service (NIS) at the Nnamdi Azikiwe International Airport on October 18, 2019 while boarding an Emirates Airline flight to Dubai, following a watchlist by the EFCC.