EFCC Re-arrests Mompha Over Alleged Money Laundering

The Economic and Financial Crimes Commission, EFCC, has reportedly rearrested popular  Nigerian socialite, Ismaila Mustapha, fondly called Mompha for ‘money laundering

 According to reports, Mompha was nabbed on Monday for “laundering funds” obtained through unlawful activities and retention of alleged proceeds of crime.

This was reportedly disclosed in a statement by the EFCC spokesman Wilson Uwujaren.

The available statement read, “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.”

It added, “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.”


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Esther Ifeoluwa

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