Popular Socialite and Instagram celebrity, Ismailia Mustapha, popularly known as Mompha, has been re-arraigned before an Ikeja Special Offences Court over alleged N6billion fraud.
Empire earlier reported that Mompha was re-arrested by operatives of the Economic and Financial Crimes Commission (EFCC) for alleged money laundering.
However, recent reports have it that the Instagram celebrity and his company, Ismalob Global Investment Limited were re-arraigned by the EFCC before Justice Mojisola Dada on eight counts charge of fraud and money laundering.
“Ismaila Mustapha (Aka Mompha) arraigned this morning, January 12, 2022, for offences bothering on Money Laundering and use of property derived from an unlawful act.
He was arraigned before Justice Mojisola Dada of the Special Offences Court, sitting in Ikeja, Lagos,” EFCC posted.
The two defendants were alleged to have laundered funds obtained through unlawful activities and retention of alleged proceeds of crime for a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.
According to the charge, the anti-graft agency claimed that the defendants laundered the sums of N5million, N32million, N120million and N15milion totalling over N6billion for the suspect.
The EFCC also alleged that Mompha concealed his crimes into 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.
It will be recalled that the businessman was on October 18, 2019, arrested by the Nigeria Immigration Service at the Nnamdi Azikiwe International Airport while boarding an Emirates Airline flight to Dubai, following a watchlist by the EFCC.
However, on Monday 10th January 2022, Mompha was re-arrested for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.
Mompha and his company, Ismalob Global Investment Limited, are standing trial on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn brought against him by the EFCC.