EFCC Rearrests Mompha For Allegedly Laundering Money For Yahoo Boys

Ismaila Mustapha a.k.a Mompha, a suspected online fraudster, has been re-arrested by the Economic and Financial Crimes Commission (EFCC) in Lagos for laundering cash earned via illegal operations and retention of alleged profits of crime.

EFCC spokesman Wilson Uwujaren said Mompha was apprehended on Monday, January 10th.

The suspect is currently on trial with his firm, Ismalob Global Investment Limited, on an amended twenty-two-count charge of cyber fraud and money laundering worth N32.9 billion (thirty-two billion nine hundred thousand naira) brought by the EFCC.

Mompha was first apprehended on 18 October 2019 while boarding an Emirates Airline flight to Dubai at Nnamdi Azikiwe International Airport in Abuja.

The Nigeria Immigration Service apprehended him after the EFCC placed him on a watch list.

Mompha is accused of receiving criminal payments on behalf of “Yahoo Yahoo” guys from all over the world in exchange for commission through his registered firms.

Author: Editor

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