EFCC Stops Mompha From Travelling Out Of The Country. (Read Details Here)

The Economic and Financial Crimes Commission (EFCC) on Thursday filed an application to stop social media celebrity Ismaila Mustapha, aka Mompha, from travelling abroad to see his family.
Mompha is on trial at a Federal High Court in Lagos on an alleged N33billion money laundering and cyber fraud charge.

He and his firm, Ismalob Global Investment Ltd, were on March 4, 2020 re-arraigned before Justice Mohammed Liman on 22 counts.

They were first arraigned on a 14-count charge last November 25, following his arrest last October 19, at the Nnamdi Azikiwe International Airport, Abuja.

The anti-graft agency said the defendant is based in Dubai, the United Arab Emirates (UAE).

The Commission alleged that Mompha is a major figure in an organised transnational cyber fraud network, adding that he used Ismalob Investment to launder the funds, part of which he used in acquiring properties in Dubai.

In the charge, the EFCC alleged that Mompha procured Ismalob Global Investiment Ltd to retain N33.006,026,806 billion between 2015 and 2018.

He was also alleged to have failed to inform the anti-graft agency in writing within seven days before transferring huge sums of money to several people, including Ikechukwu Kingsley; Ojei Osemeke; one Onuskin; Okafor Ikenna; Ik Tony Global Communication; Ogbu C &C Ventures.