N18bn retained in account linked to Mompha – EFCC

The Economic and Financial Crimes Commission has filed 14 counts of fraud against Internet celebrity, Ismaila Mustapha, alias Mompha, before the Federal High Court in Lagos.

According to PUNCH on Friday, Mompha, among other things, was accused of procuring Ismalob Global Investment Limited to retain in its bank account an aggregate of N18.05bn.

The EFCC said he ought to have reasonably known that the money formed part of proceeds of unlawful act, to wit: fraud.

The anti-graft agency said Mompha acted contrary to sections 18(c) and 15(2)(d) of the Money Laundering (Prohibition) Act 2011 and he was liable to be punished under Section 15(3) of the same Act.

It was learnt that Mompha will be arraigned before the Federal High Court in Ikoyi on Monday. He was arrested by the EFCC in October at the Nnamdi Azikiwe International Airport, Abuja on his way to Dubai.

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