The Economic and Financial Crimes Commission (EFCC) has arraigned Nigerian socialite, Ismailia Mustapha, popularly known as Mompha, for alleged money laundering.
The socialite and his firm, Ismalob Global Investment Limited, were both arraigned on Wednesday before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on eight charges bordering on alleged money laundering of over N6 billion.
The defendants were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds for a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.
According to The Nation, the sums named in the charge are N5,998,884.653.18, N32million, N120million, and N15,960,000, totalling over N6billion.
The EFCC also alleged that Mompha concealed his interest in expensive wristwatches and other movable assets valued at over N70million.
Mompha pleaded “Not guilty” to the eight counts while Islamob Limited (represented by Mompha) was named in and pleaded “not guilty” to the first six counts.
He is also standing trial at the Federal High Court in Lagos alongside Ismalob Global Investment Limited on an amended 22-count charge bordering on cyberfraud and money laundering to the tune of N32.9bn brought against him by the EFCC.
The socialite pleaded not guilty to each of the counts.
KanyiDaily had reported how Mompha was arrested on Monday shortly after he announced his trip to Nigeria with an Instagram photo captioned, ‘‘About to make some billions in Lagos’’.
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