Ismaila Mustapha Mompha Arrested For Internet Fraud & Money Laundering

ismaila mustapha mompha arrested

Ismaila Mustapha Mompha Arrested For Internet Fraud & Money Laundering

The EFCC has arrested Instagram billionaire, Ismaila Mustapha aka Mompha for money laundering and internet fraud.

Mompha who recently acquired a multibillion naira ride was arrested by the EFCC on his way to Dubai from Abuja after a series of intelligence reports said to be linking him to organised transnational cyber fraud and money laundering.

5 wrist watches worth over N20million were recovered from him at the time of his arrest.

The EFCC said Mompha was arrested on Friday

Here is what the agency’s spokesman, Wilson Uwujaren said today in Abuja about his arrest.

“Mustapha allegedly perpetrates his fraudulent activities under the cover of being a Bureau de Change operator, to launder his proceeds of crime”.

The commission disclosed that the suspect had volunteered useful information while investigation continued, adding that he would be charged to court as soon as investigation was concluded.

3 thoughts on “Ismaila Mustapha Mompha Arrested For Internet Fraud & Money Laundering

  1. I’m not supporting this guy for any fraudulent activities but my advise to EFCC is to make sure it has its facts and convincing evidence to prosecute this guy because of issue of countersuing if there is not enough evidence.

    The reason why I’m saying this is because this guy Mompha and his friend Hushpuppy have been under suspicion for a while. When people do not know how you make your money, they begin to suspect whether it involves illegal activities. I hope this is not hush! hush!! charges. The fact that you found #20 million worth of wristwatch on him does not necessarily mean he is guilty of money laundering yet. If that wristwatch can be traced to the original owner or a complaint were made or the fraudulent transaction is traced back to him, this is a good evidence for prosecution.

    All I have been saying is to ensure good evidence first. Remember Baba Suwe saga! EFCC, you are still owing Baba Suwe millions of Naira in lawsuit damages because you couldn’t find drug on him.

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