The Economic and Financial Crimes Commission has re-arrested Ismailia Mustapha, popularly known as Mompha, for allegedly laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.
The suspected internet fraudster was re-arrested on Monday, January 10, 2022, by the Lagos State Command of the anti-graft agency.
According to a statement by the EFCC, the suspect is currently standing trial alongside his company, Ismalob Global Investment Limited, on an amended twenty-two-count charge bordering on cyber fraud and money laundering to the tune of N32.9 billion levelled against him by the anti-graft agency.
Mompha was earlier on October 18 arrested by the EFCC at Nnamdi Azikiwe International Airport while boarding an Emirates Airline flight to Dubai by the staff of the Nigeria Immigration Service, following a watch list by the EFCC.
EFCC claimed the suspect uses his registered companies to receive illicit funds on behalf of “yahoo yahoo” boys from across the world in return for a commission.
The account of one of his companies, Ismalob Global Investment Limited Bank, a Bureau de Change company, domiciled in Zenith Bank Plc, was allegedly used to launder funds derived from unlawful activities.
The investigation showed an alleged fraudulent transfer slip of $92, 412, 75 found in Mompha’s iPhone 8 device.
According to the EFCC, the suspect will soon be charged to court.