Instagram celebrity and Dubai-based Nigerian man, Mompha (Ismaila Mustapha) is in hot soup.
He has been accused of hiding N32.9billion transactions from the Special Control Unit Against Money Laundering (SCUML) for 25 months.
EFCC accused Mompha of procuring Ismalob Global Investment Ltd. and retaining in its account, an aggregate sum of N32.9 billion between 2015 and 2018 between December 14, 2015 and January 25, 2018.
Prosecution witness and an official of the Special Control Unit Against Money Laundering (SCUML), Mr. Matthew Enu-Obun told Justice Mohammad Liman that they had no record of the transaction as it was hidden and not reported.
EFCC revealed that Mompha who is not a financial institution or an authorised foreign exchange dealer, negotiated foreign exchange transactions in the sums of N9.416million, N20million, N10,437,400.00, N10million, N2.46million, N10miillion, N100million, N61million, N100million, N40.7million and N42million.
He also allegedly laundered money made from the transaction in tranches of N18,059,353,413 billion and N14,946,773,393.00 billion, an offence which contravened sections 15(2) and 18(3) of the Money Laundering (Prohibition) Act, 2011 as amended.