The EFCC, today, Monday, November 25, 2019 arraigned Ismaila Mustapha popularly known as Mompha, alongside his company, Ismalob Global Investments Limited.
He was arraigned before Justice Muhammad Liman of the Federal High Court, Ikoyi, Lagos on a 14-count charge bordering on cyber fraud and money laundering to the tune of N33 billion (Thirty-three Billion Naira).
The defendant was alleged to have been involved in an organised transnational cyber fraud and money laundering under the guise of being a Bereau de Change operator.
It was further alleged that the defendant used his company, Ismalob Investment Limited to launder the above mentioned amount which he allegedly used in acquiring properties in Dubai.
The Social media celebrity was arrested following series of actionable intelligence linking him and his involvement in money laundering on Friday, October 18, 2019.
It would be recalled that Ismaila Mustapha widely known as Mompha, last week instituted a fundamental rights enforcement suit before a High Court in Lagos against the Economic and Financial Crimes Commission for detaining him beyond the constitutionally stipulated days without charging him to court.
Mompha in the suit filed by his lawyers including Mr Gboyega Oyewole (SAN), Ademola Adefolaju, Kolawole Salami and four others, is demanding the sum of N5m as damages from the EFCC.
He was also seeking a court order directing the anti-graft agency to release him unconditionally forthwith from its custody.