EFCC Arrests Ismaila Mustapha A.K.A Mompha for Internet Fraud
The Economic and Financial crimes Commission (EFCC) has arrested a renowned social media personality – Ismaila Mustapha popularly known as Mompha for an alleged involvement in internet related fraud and money laundering.
According to EFCC, the suspect was arrested on Friday 18 October, 2019 at the Nnamdi Azikiwe International Airport, Abuja on his way to Dubai, United Arab Emirate following series of actionable intelligence reports linking him to organized transnational cyber fraud and money laundering.
Ismaila allegedly perpetrates his fraudulent activities under the cover of being a Bureau de Change operator, to launder his proceeds of crime.
Before his arrest, Mompha made the news over his acquisition of the latest Rolls Royce Wraith Eagle VIII 2020. Mompha claims to be the very first African world over to have purchased and owned this vehicle. This was contained in his Instagram update where he congratulated himself for acquiring the ride for ₦180 million.
“Investigations have also revealed that Ismaila is only using the BDC business, he jointly owned with his siblings, as a decoy to launder his proceeds of crime.”
However, the suspect has volunteered useful information while investigation continues.
At the point of arrest, five wristwatches with a total value of over twenty million naira (N20, 000, 000: 00) was recovered from him.
According to GarWarner on Twitter, Mompha is a “Top Ten” Business Email Compromise (BEC) scammer / criminal who mostly hides with his money in Dubai.
The suspect will be charged to court as soon as investigation is concluded