Nigerian millionaire and socialite, Mompha is currently in the grip of the Nigerian Police over alleged internet fraud and money laundering.
According to the EFCC (Economic and Financial Crimes Commission), Mompha has admitted to his involvement in internet fraud and money laundering.
Photos of Mompha in police custody have surfaced on Instagram and indeed, he has been arrested pending a court trial.
Below is all you need to know about how he was arrested by the Interpol in connection with the EFCC.
“EFCC parades #Mompha .
from @officialefcc Alleged Internet fraud, Money Laundering: EFCC Arrests Ismaila Mustapha, a.k.a #Mompha .
The EFCC, Lagos Zonal office, has arrested a renowned Social Media celebrity, Ismaila Mustapha popularly known as Mompha for an alleged involvement in internet related fraud and money laundering.
The suspect was arrested on Friday 18, October 2019 at the Nnamdi Azikiwe International Airport, Abuja on his way to Dubai Emirate following series of intelligence reports received by the Commission.
According to the #EFCC operatives, “actionable cross border intelligence received from collaborative law enforcement agencies about his alleged involvement in the criminal activities further strengthened our suspicion”.
Ismaila allegedly perpetrates his fraudulent activities under the guise of being a Bureau de Change operator. .
Investigations have also revealed that Ismaila is only using the BDC business, he jointly owned with his siblings, as a decoy to launder his proceeds of crime.
However, the suspect has volunteered useful information to the operatives and has admitted to be reasonably involved in the first two cases he was alleged to be involved.
At the point of arrest, five wristwatches with a total worth of over Twenty Million Naira (N20, 000, 000: 00) was recovered from him. The suspect will soon be charged to court as soon as investigation is concluded”.