The Economic and Financial Crime Commission (EFCC) has told a Lagos High Court that N30B suspected to be proceeds from fraudulent transactions passed through the account of Internet celebrity Mustapha Ismaila popularly known as Mompha
Idi Musa, a staff in the Land and Property Fraud Unit of Lagos testified before Justice Mojisola Dada and gave evidence of how Mompba and his company were linked to advance Fee fraud and other Fraud related activities
Mompha, who is facing eight counts charges of conspiracy, money laundering, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activities, failure to disclose assets and property, possession of documents containing false pretence and use of property derived from unlawful activities
The EFCC have alleged that “Ismaila Mustapha, Ahmadu Mohammad and Ismalob Global Investment Limited sometime in 2006, Lagos, within the jurisdiction of this Honorable Court, conspired to conduct financial transaction to the tune of N5,998,884,653.18 (Five Billion, Nine hundred and ninety-eight million, eight hundred and eighty-four thousand, six hundred and Fifty-three Naira, eighteen kobo), with the intent of promoting the carrying on of specified unlawful activities to wit: obtained by false pretense”.
