Search here...
TOP
entertainment News

Mompha Charged For Money Laundering

By Glam & Essence

Instagram celebrity, Ismailia Mustapha aka Mompha has been in the custody of EFCC in Lagos, and his offence is allegedly for laundering over N6 billion for Yahoo Yahoo Boys.
The EFCC has filed an eight-count charge on Wednesday against Mompha and his company Ismalob Global Investment Limited, and the case is being heard by Justice Mojisola Dada of an Ikeja Special Offences Court.
Mompha and his company were accused of alleged conspiracy to launder funds obtained through unlawful activity and retention of such funds.
The anti-graft agency accuses Mompha of transferring funds for a suspect, Olayinka Jimoh aka Nappy Boy and a record label, among others.
The sums named in the charge are N5,998,884.653.18, N32million, N120million and N15,960,000, totalling over N6 billion.
The EFCC also alleged that Mompha concealed his interest in expensive wristwatches and other movable assets valued at over N70 million.
Mompha and his company pleaded not guilty to the eight counts, according to a report by QED.ng
Apart from this case, Mompha is also standing trial at the Federal High Court in Lagos, alongside his company on an amended 22-count charge also filed against him by the EFCC,bordering on cyber fraud and money laundering totalling N32.9 billion.
Mompha was re-arrested on Monday over fresh findings of an alleged fraudulent transfer slip of $92, 412, 75 found in his iPhone 8 device.

Glam & Essence Magazine

«

»