The Economic and Financial Crimes Commission (EFCC), Wednesday, re-arraigned Ismailia Mustapha, aka Mompha and his firm, Ismalob Global Investment Limited on alleged 6 billion money laundering.
The anti-graft agency arraigned Mompha and Ismalob before Justice Mojisola Dada of an Ikeja Special Offences Court on eight counts bordering on money laundering offences.
Mompha has been facing trial at the Federal High Court in Lagos, alongside Ismalob Global Investment Limited on an amended 22-count charge of cyberfraud and money laundering to the tune of N32.9bn.
In the fresh arraignment, the defendants were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds to a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.
The defendants were alleged to have laundered various sums of money, including N5.99billion, N32 million, N120 million and N15.96million, totalling over N6 billion.
The EFCC also alleged that Mompha concealed his interest in expensive wristwatches and other movable assets valued at over N70 million.
Meanwhile, Mompha pleaded “not guilty” to the eight counts while Islamob Limited (represented by Mompha) pleaded “not guilty” to the first six counts.
Stay ahead with the latest updates! Join The ConclaveNG on WhatsApp and Telegram for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!
