Breaking: Again EFCC Arrests Mompha For Acting As Broker To Yahoo-Yahoo Boys

Operatives of the Lagos Command of the Economic and Financial Crimes Commission, EFCC, have re-arrested Instagram celebrity, Ismailia Mustapha, popularly known as Mompha for allegedly aiding Yahoo-Yahoo boys to receive their ill-gotten proceeds for a commission.

The EFCC said that Mompha laundered funds obtained through unlawful activities and retained alleged proceeds  of crime.

Mompha was arrested on Monday, January 10, 2022, the EFCC said in a statement made available to GreenWhiteGreen GWG.

A statement issued by the EFCC’s head of media and publicity, Wilson Uwujaren said that the suspect is currently standing trial alongside his company, Ismalob Global Investment Limited on an amended twenty two-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn (Thirty-two Billion Nine Hundred Thousand Naira) brought against him by the EFCC.

It will be recalled that Mompha 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 commissions.

The account of one of his companies, Ismalob Global Investment Limited Bank, a Bureau de Change Company, domiciled in one of the nation’s leading banks was allegedly used to launder funds derived from the unlawful activities.

The EFCC said that investigation has revealed a fraudulent transfer slip of $92, 412, 75 found in the suspect’s IPhone 8 device.

He will soon be charged to court, the EFCC spokesman said.

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