Suspected internet fraudster, Ismaila Mustapha also known as Mompha has been re-arrested by the Operatives of the Lagos Command of the Economic and Financial Crimes Commission, EFCC.
Ismaila Mustapha was arrested for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.
A statement from the anti-graft Agency says Mompha was arrested on Monday, January 10, 2022.
Already, he is currently standing trial alongside his company, Ismalob Global Investment Limited on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9 billion.
He had earlier been arrested on October 18, 2019 at Nnamdi Azikiwe International Airport while boarding an Emirates Airline Flight to Dubai by the staff of the Nigeria Immigration Service, following a watch list by the EFCC.
Mompha is alleged to have used his registered companies to receive illicit funds on behalf of “yahoo yahoo” boys from across the world in return for commission.
The account of one of his companies, Ismalob Global Investment Limited Bank, a Bureau de Change Company, domiciled in Zenith Bank Plc, was allegedly used to launder funds derived from unlawful activities.
Investigation has revealed a fraudulent transfer slip of $92,412,75 found in the suspect’s iPhone 8 device.
The Agency’s Spokesperson, Wilson Uwajaren said he will soon be charged to court.
