Dubai-based internet celebrity, Ismailia Mustapha, aka Mompha, and his firm, Ismalob Global Investment Limited, have been arraigned for alleged money laundering.

Economic and Financial Crimes Commission, EFCC, arraigned Mompha and Ismalob before Justice Mojisola Dada of an Ikeja Special Offences Court on Wednesday.

“Ismaila Mustapha (Aka Mompha) arraigned this morning, January 12, 2022, for offences bothering on Money Laundering and use of property derived from an unlawful act.

“He was arraigned before Justice Mojisola Dada of the Special Offences Court, sitting in Ikeja, Lagos,” EFCC posted.

Thelagostimes gathered that the anti-corruption had, on Monday, announced that Mompha was re-arrested for alleged money laundering.

“Operatives of the Lagos Command of the Economic and Financial Crimes Commission, EFCC, have re-arrested a suspected internet fraudster, Ismailia Mustapha, for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime. Mompha was arrested on Monday, January 10, 2022.

“The suspect is currently standing trial alongside his company, Ismalob Global Investment Limited on an amended twenty two-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn (Thirty-two Billion Nine Hundred Thousand Naira) brought against him by the EFCC.

“It will be recalled that Mompha had earlier been arrested on October 18, 2019 at Nnamdi Azikiwe International Airport while boarding an Emirates Airline Flight to Dubai by the staff of the Nigeria Immigration Service, following a watch list by the EFCC.

“Mompha is alleged to have used his registered companies to receive illicit funds on behalf of “yahoo yahoo” boys from across the world in return for commission.

“The account of one of his companies, Ismalob Global Investment Limited Bank, a Bureau de Change Company, domiciled in Zenith Bank Plc, was allegedly used to launder funds derived from unlawful activities.

“Investigation has revealed a fraudulent transfer slip of $92, 412, 75 found in the suspect’s IPhone 8 device. He will soon be charged to court”, the EFCC had said in a statement.