Mompha accused of hiding N32.9b transaction from FG – EFCC alleges
The Economic and Financial Crime Commission on wednesday alleged that
Ismaila Mustapha popularly known as Mompha hid N32.9 billion transaction from the Special Control Unit Against Money Laundering (SCUML).
EFCC made the allegation at the resumed trial of the instagram influencer.
According to the prosecution witness, Mattew Enu-Obun, It was alleged that there were no record of the transaction as it was not reported.
Mompha accused of hiding N32.9b transaction
Mompha is also accused of operating a financial institution without a license.
EFCC alleged that Mompha negotiated a foreign exchange transaction in the sum of
N100million, N61million, N42million. N40.7million, N100million, N10miilion, 9.416million, N20million, N10,437,400.00, N2.46million, N10miillion.
It was also alleged that he laundered N18,059,353,413 billion and N14,946,773,393.00 billion.
Mompha was released on bail on the 9th of December 2019.
The Influencer was arrested on the 18th of October 2019 at the Nnamdi Azikwe International Airport, Abuja on his way to Dubai Emirate.
Five wristwatches worth over eighty million Naira was recovered from him.
The anti-graft agency claimed Mompha perpetrated his fraudulent activities under the guise of being a bureau de change operator.
The Entrepreneur pleaded not guilty at the Federal high court sitting in Lagos.
He was granted N100m bail on the 29th November 2019.