EFCC releases statement on Mompha’s arrest, says watches worth N20m recovered from him

Economic and Financial Crimes Commission finally releases statement on the arrest of Dubai-based “big boy” born Ismaila Mustapha, and popularly known as Mompha.

The anti-graft agency said Mr Mompha was arrested while on his way to Dubai from Abuja at the Nnamdi Azikiwe International Airport, Abuja.

At the point of his arrest, five wristwatches with a total worth of over twenty million naira – N20, 000, 000 – was recovered from him. And will be charged to court as soon as the investigation is completed.

EFCC Twitter post reads below:

“The EFCC, Lagos office, has arrested a renowned Social Media celebrity, Ismaila Mustapha popularly known as Mompha for an alleged involvement in internet related fraud and money laundering.”

“EFCC Nigeria (@officialEFCC) Tweeted:
The suspect, a premium and first class customer of one of the popular international airlines, was arrested on Friday 18, October 2019 at the Nnamdi Azikiwe International Airport, Abuja on his way to Dubai Emirate following series of intelligence reports received by the Commission”

“EFCC Nigeria (@officialEFCC) Tweeted:
According to the EFCC operatives, “actionable cross border intelligence received from collaborative law enforcement agencies about his alleged involvement in the criminal activities further strengthened our suspicion”.

“EFCC Nigeria (@officialEFCC) Tweeted:
Ismaila who allegedly perpetrates his fraudulent activities under the guise of being a Bureau de Change operator is always seen with his little son flaunting huge amount of foreign currencies on his social medial platforms.”

“EFCC Nigeria (@officialEFCC) Tweeted:
Investigations have also revealed that Ismaila is only using the BDC business, he jointly owned with his siblings, as a decoy to launder his proceeds of crime.”

“EFCC Nigeria (@officialEFCC) Tweeted:
However, the suspect has volunteered useful information to the operatives and has admitted to be reasonably involved in the first two cases he was alleged to be involved.”

“EFCC Nigeria (@officialEFCC) Tweeted:
At the point of arrest, five wristwatches with a total worth of over twenty million naira (N20, 000, 000: 00) was recovered from him. The suspects will soon be charged to court as soon as investigation is concluded.”