EFCC arraigns Mompha for fresh N6bn fraud

Mompha has been arraigned by the Economic and Financial Crimes Commission, EFCC, on Wednesday at his firm Ismalob Global Investment Limited for alleged money laundering to the tune of over N6 billion.

Ismailia Mustapha, aka Mompha was arraigned before Justice Mojisola Dada of an Ikeja Special Offences Court on eight counts bordering on the offences.

Meanwhile, the EFCC also alleged that Mompha concealed his interest in expensive wristwatches and other movable assets valued at over an N70million.

Mompha pleaded “Not guilty” to the eight counts while Islamob Limited (represented by Mompha) was named in and pleaded “not guilty” to the first six counts.

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