The Economic and Financial Crimes Commission (EFCC) has said that social media celebrity, Ismaila Mustapha, popularly known as Mompha, ran an illegal bureau the change, which he used to defraud people.
Tony Orilade, spokesperson for the EFCC, disclosed this in a statement on Wednesday 15th January, 2020.
The anti-graft agency said the fourth prosecution witness, Enu Matthew Obun, on Wednesday, 15th January, 2020, told the Ikoyi Federal High Court, Lagos State, presided over by Justice Abdullahi Liman, that the suspected Internet fraudster ran an illegal bureau de change with his company Ismalob Global Investments Limited.
The Anti-graft agency is prosecuting Mompha alongside the company on a 14-count charge bordering on cyberfraud and money laundering to the tune of Thirty three Billion Naira N33bn.
Mompha, who is the first defendant in the matter, is alleged to have used the company to defraud people, which he used to acquire lots of properties in Dubai and other countries.
Led in facts by the prosecution counsel, Rotimi Oyedepo, the witness, a compliance officer with the Special Control Unit Against Money Laundering of the Economic and Financial Crimes Commission, told the court that on 15th November, 2019, the commission requested from SCUML the regulation and compliance status of the company and that “upon inspection, it was discovered that Ismalob is not registered with the SCUML.
He confirmed that; From the database search of the office, there is no information on Ismalob Global Investment Limited and all the transactions that were done in the company’s account between 14th December, 2015 and 25th January, 2018 are not on SCUML’s record.
The matter was adjourned by Justice Liman till 26th February, 2020.