Controversial Fraud Suspect, Mompha Hits Back At EFCC

Controversial Nigerian socialite and CEO of Mompha Bureau De Change, Ismaila Mustapha, widely recognized as Mompha, has expressed his disdain for the Economic and Financial Crimes Commission (EFCC) on Instagram, calling it “the most useless and corrupt Nigeria Government Agency.”

His criticism came amid his ongoing trial in the hands of the commission over money laundering accusations.

Mompha has been facing legal challenges since January 12, 2022, when he was arraigned on eight counts.

These charges include conspiracy to launder funds obtained through unlawful activities, retention of proceeds of criminal conduct, failure to disclose assets and property, possession of documents containing false pretenses, and use of property derived from unlawful acts.

During a recent court session on July 1, 2024, EFCC operative Mr. Idi Musa testified against Mompha, revealing that the investigation, which commenced in 2019 following intelligence from the FBI, exposed significant financial irregularities. Musa disclosed that N30 billion was found in Mompha’s Fidelity Bank account, and another N5 billion in his Zenith Bank account.

These discoveries were part of a broader probe into cybercrime activities allegedly orchestrated by Mompha and his company, Ismalob Global Investment Ltd.

Despite facing serious allegations, Mompha has remained defiant, taking to social media to criticize the EFCC. He posted, “The Most useless and Corrupt Nigeria Government Agency @officialefcc 😂😂😂,” in an attempt to refute the commission’s claims against him.

The case is ongoing, with the next court date scheduled for October 8, 2024, where additional evidence and testimonies are expected to be presented.

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