The Economic and Financial Crimes Commission (EFCC) has stated that the arrest of Ismaila Mustapha known as Mompha who operated 51 Nigerian Bank Accounts , is one of the biggest achievements of the commission.
Ibrahim Magu, Acting Chairman of EFCC made this statement at the Commission’s Stakeholders meeting which held in Lagos, on Thursday (31st October, 2019)
Popular Instagram celebrity Mompha and Lebanese accomplice, Hamza Koudeih were arrested last week at different locations on money laundering charges going up to N33 billion.
In Magu’s words, “The recent arrests of a social media celebrity, Ismaila Mustapha, popularly known as Mompha, and his Lebanese collaborator, Hamza Koudeih, for their alleged involvement in internet-related fraud and money laundering remains a landmark achievement of the EFCC,” the acting chairman said.
“I make bold to tell you that these arrests have further confirmed our commitment to the anti-graft war, while also sending a red alert to potential internet fraudsters.
“I am sure you will be greatly shocked to know that five wristwatches valued at over N60 million were recovered from the suspected internet fraudster, Mompha, at the point of arrest.
“Investigation has also revealed that he operates 51 bank accounts in Nigeria with which he acquires properties in Dubai and had laundered about N14billion through a firm known as Ismalob Global Investments Limited.
“His accomplice, Koudeih, also has two firms namely: THK Services Limited and CHK properties Limited with which he has allegedly laundered about N19 billion. Koudeih lives in a $5million per annum suite at the Eko Atlantic Pearl Tower, Victoria Island, Lagos.
“They will be charged to court accordingly as soon as investigation is concluded.”
Magu said all the proceeds of the ill-gotten wealth will be auctioned off.