The Economic and Financial Crimes Commission (EFCC) has picked up Ismaila Mustapha, popularly referred to as Mompha, for alleged internet fraud and money laundering.
Often clean-shaven and garishly attired, Mompha has a habit of flaunting his wealth and bling acquisitions on social media platforms, especially on Instagram.
The Economic and Financial Crimes Commission confirmed via Twitter of the arrest;
Alleged Internet fraud, Money Laundering: EFCC Arrests Ismaila Mustapha, a.k.a Mompha
The EFCC, Lagos office, has arrested a renowned Social Media celebrity, Ismaila Mustapha popularly known as Mompha for an alleged involvement in internet related fraud and money laundering. pic.twitter.com/i7oTTjtS1l
— EFCC Nigeria (@officialEFCC) October 22, 2019
Ismaila who allegedly perpetrates his fraudulent activities under the guise of being a Bureau de Change operator is always seen with his little son flaunting huge amount of foreign currencies on his social media platforms.
“Investigations have also revealed that Ismaila is only using the BDC business he jointly owns with his siblings, as a decoy to launder his proceeds of crime.
At the point of arrest, five wristwatches with a total worth of over twenty million naira (N20, 000, 000: 00) were recovered from him.
“The suspects will soon be charged to court as soon as investigation is concluded,” the EFCC added.