The Economic and Financial Crimes Commission (EFCC) has indicted Dubai-based internet celebrity, Ismailia Mustapha, aka Mompha and his firm, Ismalob Global Investment Limited for alleged money laundering amounting to over N6 billion.
The agency arraigned Mompha and Ismalob before Justice Mojisola Dada of an Ikeja Special Offences Court on eight-counts charge bordering on the offences.
The counts include 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 amounts named in the charge seen by our correspondent are N5, 998,884.653.18, N32 million, N120 million and N15, 960,000, totaling over N6 billion.
The EFCC also claimed that Mompha concealed his interest in expensive wristwatches and an iPhone valued at over N70 million.
They are a “Rolex Oyster Perpetual Wristwatch, Audemars Piguet Wristwatch, Audemars Piguet-J46220 Wristwatch, XY Hublot-1321920 Wristwatch, XY Hublot-924206 Wristwatch and an iPhone 8 with Serial No CBPVF1KJC6C worth over N70 million.”
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.
Following his plea, prosecution counsel, Mr. Rotimi Oyedepo applied for a trial date.
But Mompha’s counsel Mr. Gboyega Oyewole (SAN) informed the court that he had filed a bail application and the same had been served on the prosecution.
