The acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has said the arrest of Instagram celebrity, Ismaila Mustapha, widely known as Mompha, is a landmark achievement for the commission.
Magu said this while speaking to reports during a press conference at the commission’s head office in Lagos on Thursday.
The EFCC boss said the arrest of Mompha and his Lebanese associate, Hamza Koudeih have confirmed the agency’s commitment to the anti-graft war.
He said in quotes: “The recent arrests of a social media celebrity, Ismaila Mustapha, popularly known as Mompha, and his Lebanese collaborator, Hamza Koudeih, for their alleged involvement in internet-related fraud and money laundering remains a landmark achievement of the EFCC.
“I make bold to tell you that these arrests have further confirmed our commitment to the anti-graft war, while also sending a red alert to potential internet fraudsters.
“I am sure you will be greatly shocked to know that five wristwatches valued at over N60 million were recovered from the suspected internet fraudster, Mompha, at the point of arrest.
“Investigation has also revealed that he operates 51 bank accounts in Nigeria with which he acquires properties in Dubai and had laundered about N14billion through a firm known as Ismalob Global Investments Limited.
“His accomplice, Koudeih, also has two firms namely: THK Services Limited and CHK properties Limited with which he has allegedly laundered about N19 billion. Koudeih lives in a $5million per annum suite at the Eko Atlantic Pearl Tower, Victoria Island, Lagos.
“They will be charged to court accordingly as soon as investigation is concluded.”
In an earlier report, Magu disclosed that mothers of internet fraudsters, popularly known as ‘Yahoo’ boys’ are now forming associations.
