LOCAL NEWS

EFCC Witness Reportedly Exposed Mompha’s Illicit BdC Operations

Alleged N33bn Fraud: EFCC Witness Reportedly Exposed Mompha
Alleged N33bn Fraud: EFCC Witness Reportedly Exposed Mompha

A fourth prosecution witness, (PW4), Enu Matthew Obun, in the trial of Ismaila Mustapha, better known as Mompha on Wednesday, January 15, 2020, told a Federal High Court, Ikoyi, Lagos, presided over by Justice Abdullahi M. Liman that the suspected internet fraudster ran an illegal bureau de change with his company, Ismalob Global Investments Limited, the anti-graft agency reports.

The Economic and Financial Crimes Commission, EFCC is prosecuting Mompha alongside the company on a 14-count charge, bordering on cyber fraud and money laundering to the tune of N33 billion (Thirty-three Billion Naira).

Mompha, who is the first defendant in the matter is alleged to have used the company to launder funds, part of which he used to acquire properties in Dubai, United Arab Emirates.

Led in evidence by prosecution counsel, Rotimi Oyedepo, the witness, a compliance officer with the Special Control Unit Against Money Laundering (SCUML), of the EFCC, told the court that on November 15, 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 further stated that “From the database search in the office, there is no information on Ismalob Global Investment Limited and all the transactions that were done in the company’s account between December 14, 2015, and January 25, 2018, are not on SCUML’s record.”
The EFCC letter of request and the response from SCUML were admitted in evidence by the court.

Justice Liman adjourned the matter until February 26, 2020, for the continuation of trial.
.

Related posts

Joel Ogundeji: Saraki Condoles Wife Of Ex-Deputy Gov

yellowdanfo

NNPC to strengthen relations with MOMAN to avoid fuel scarcity

yellowdanfo

Rivers Stampede: four feared dead at APC Presidential rally

yellowdanfo

DPR bans retail of cooking gas in shops, homes

yellowdanfo

NNPC Applauds Gov Wike For Facilitating Truck Out From Depot

yellowdanfo

Power Actor, Rotimi Proposes To Girlfriend, Vanessa Mdee 

yellowdanfo

Vimbai Pays Tribute To Belinda Mutinhiri On 4th Anniversary

yellowdanfo

COVID-19: NCDC Reports 573 New Cases, With Total Now 16,658

yellowdanfo

Electricity Supply: Benin, Niger, Togo Owe Nigeria N30bn- Report

yellowdanfo

EFCC nabs Ebele and Yadina Chukwudi for online fraud

yellowdanfo

Leave a Comment