- Mompha had been accused of using his firm, a Bureau de Change as a pipeline for funnelling illegal funds for Internet fraudsters…
EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has arraigned internet celebrity, Ismaila Mustapha, popularly known as Mompha, and his firm, Ismalob Global Investment Limited on fresh charges.
They were both arraigned before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on 8 charges bordering on alleged money laundering of over 6 billion naira
The offence is contrary to relevant sections of the Advance Fee Fraud Act of 2006 and the EFCC Act of 2004.
Mompha had been accused of using his firm, a Bureau de Change as a pipeline for funnelling illegal funds for Internet fraudsters, otherwise known as ‘Yahoo Boys’.
Read also: EFCC Rearrest Mompha Over Money Laundering Allegations
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