Court remands Mompha in prison over alleged money laundering worth over N6billion for singer Nappyboy

January 12, 2022
mom2 1

The Instagram Big Boy, Ismaila Mustapha, better known as Mompha, has been remanded in the custody of the Economic and Financial Crimes Commission (EFCC) pending the hearing of his bail application by a Lagos Special Offence Court in Ikeja.

Justice Mojisola Dada ordered his indefinite detention after an eight-count indictment was filed against him for allegedly aiding internet fraud and possessing forged documents.

A number of charges were levied against Mompha and his company, Global Investment Limited, including conspiring to launder money earned via illegal activities, holding onto that money, transferring money to Nappy Boy, the owner of NapTown Records, and illegally moving money to a record label.

Over N6 billion is listed in the charges, which include N5,998,884.653.18, $3.2 million, $1.2 million, and $1.5 million, totaling over N6 billion. The EFCC also alleged that Mompha hid his interest in high-end wristwatches and other movable assets worth more than N70 million from the public.

On his side, Mompha pled “not guilty” to the eight counts while Islamob Limited was named in and pleaded “not guilty” to the first six counts. Gboyega Oyewole, the defendant’s attorney, requested an adjournment of the case until January 18, 2022, which Justice Dada granted.

According to the EFCC, Mompha and Ismalob Global Investment Limited are both being tried in Lagos on an amended 22-count charge involving cyberfraud and money laundering to the tune of N32.9 billion. He pleaded not guilty to each of the counts.

Leave a Reply

Your email address will not be published. Required fields are marked *

WP2Social Auto Publish Powered By :