The Economic and Financial Crimes Commission has arraigned Dubai-based internet celebrity, Ismailia Mustapha, popularly known as Mompha.
According to The Nation, Mompha and his firm, Ismalob Global Investment Limited are being investigated for alleged money laundering to the tune of over a N6billion.
The agency arraigned Mompha and Ismalob before Justice Mojisola Dada at an Ikeja Special Offences Court on eight counts bordering on the offences.
The defendants were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds for a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.
The sums named in the charge are N5,998,884.653.18, N32million, N120million and N15,960,000, totalling over a N6billion.
